- Available in Saudi Riyals and US Dollars.
- Choice of investment period from 1 week to 12 months.
- You have the flexibility to choose a term that best suits your needs. The rate of interest does not change during the term of the deposit.
- This is a conventional banking product
- Interest is paid on maturity and can either be added to the principal amount and rolled-over for another period or credited to your account.
- 18 years.
- 15 years for Saudis holding a valid ID card.
- GCC citizens with valid passport, or national identity card (applicable only to citizens of Bahrain, Oman, Qatar and UAE), and proof of address in the Kingdom (evidenced by a utility bill, house rental contract, real estate title deed, or a letter from a Saudi citizen attesting to the GCC citizen’s address) along with their home country address.
- Non-Saudis (and Non-GCC) holding a valid residency permit (Iqama).