Time Deposits (Local Currency)

Saudi National Bank - Quick Pay SNB

Duration

Minimum Amount

Annual Interest Rate

Interest Payment frequency

Registration

1- For SNB current account customers: To be able to send money to your beneficiaries, please register them using any SNB digital channels: (ATMs, SNB Online, SNB Mobile, Phone Banking or Quick Pay App)

2- For Quick Pay SNB membership holders: If you are already a Quick Pay membership holder, then you are already registered in the service. All what you need is to register the beneficiaries at any of the Quick Pay centers or through SNB Online, SNB Mobile, Phone Banking or Quick Pay App, If you do not have a Quick Pay membership, then please visit any of our Quick Pay centers with a valid Iqama/ID to open a membership and receive the Quick Pay ATM card, Once you are registered and your beneficiary information are recorded in our system, you will be able to transfer through any SNB ATMs, SNB Online, SNB Mobile, Phone Banking or Quick Pay App.

"STEPS TO REGISTER FOR THE SERVICE: "

Visit www.alahlionline.com or download SNB Mobile from (App Store - Google Play - AppGallery) search using the word "SNB Mobile"

1- Click "New User Registration".

2- Enter the digits of your National ID/Iqama.

3- Select one of the three options (Mada Card from SNB – Credit Card – SNB Phone Banking) and insert the required information.

4- Enter the username and the password.

5- You will get an OTP on your registered phone number.

6- Insert the OTP to confirm your registration.


DIGITAL CHANNELS SERVICES

1- Quick Pay Mobile application:

"2-- SNB Online / SNB Mobile:

Features:

Quick Pay SNB now gives you 24/7 access to transfer money services at your convenience from anywhere: in the comfort of your home, your workplace, or even on the go using SNB Phone Banking, SNB Online, SNB Mobile, SNB ATMs, or Quick Pay App, Delivery options from Quick Pay give you variety of choices for your convenience and the convenience of your beneficiary as well; either Account-to-Account, Cash Pick Up, or Door-to-Door, All these benefits come with affordable fees; no hidden charges deducted from the beneficiary side, and very competitive exchange rates.


Gulf International Bank - Murabaha Deposit

Duration

1 Month: 2 Years

Minimum Amount

1000 SAR

Annual Interest Rate

Up to 5.14% for SAR and 4.96% for USD

Interest Payment frequency

Features:

* The first real-time purchase and sale of Murabaha commodities in the world! 

* Withdraw up to 20% of your investment at no charge and no effect on the remaining amount! 

* Place and liquidate deposits any time, any day anywhere via the app 

* Various investment tenors in multiple currencies to suit your needs

The Saudi Investment Bank - Time Deposit( In SAR)

Duration

Choice of investment period from 1 week to 12 months.

Minimum Amount

Minimum investment amount of SAR 10,000

Annual Interest Rate

Interest Payment frequency

At Maturity

Requirements:

SAIB Time Deposit agreement form. 

Features:

• Available in Saudi Riyals.

• Investment period

 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 offered only at our Regional Head Office branches in Khobar, Jeddah, Jubail and Riyadh. 

• 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.

The Saudi Investment Bank - Murabaha Deposit( In SAR)

Duration

Choice of investment period from 1 month to 12 months.

Minimum Amount

Minimum Deposit amount of SAR 50,000.

Annual Interest Rate

%0.4

Interest Payment frequency

Requirements:

Age:

18 years

15 years for Saudis holding a valid ID card.

Nationality:

Saudis

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).

Features:

The SAIB Murabaha Deposit allows you to make a healthy profit on your money in a safe and Shariah-Compliant manner. The Bank enters into a contract with you to invest your money in a selected commodity at an agreed price. You make a profit by selling the commodity at a future date at a higher price. 


Benefits:

• The minimum investment is 50,000 riyals. 

• Available in Saudi Riyals. 

• The minimum investment period is 3 months if the investment amount ranges from 50 thousand Saudi riyals to 100 thousand Saudi riyals.


Riyad Bank - Time Deposits( In SAR)

Duration

From 1 week to over a year

Minimum Amount

No minimum balance

Annual Interest Rate

Interest Payment frequency

Documents required:

• National ID for Saudis nationals.

• Valid resident Identity card for non-Saudi nationals.

• Clear Postal Address (additional home address is required for non-Saudis).


Features:

• Choose from customized terms

• Returns calculated and accrued on daily basis

• Security of funds

• Automatic rollover including the interest or withoutInvest in Saudi Riyals.

• Choose to invest for one week up to more than a year

• Option to add or withdraw from the principal amount

• Easy administration

• Efficient support from a dedicated team


Banque Saudi Fransi - Time Deposit

Duration

open

Minimum Amount

Minimum amount of SAR 50,000 or equivalent in foreign currencies

Annual Interest Rate

Interest Payment frequency

Requirements

A valid ID. 

Fill in the current account opening form. 

Fill in the term deposit application.

Features:

The term deposit enables you to save your money for a specified period as a growing deposit


Benefits:

A profit rate higher than other accounts. 

Guaranteed rate of return. 

Minimum amount of SAR 50,000 or equivalent in foreign currencies 

Various possible terms and the option of extending the term on maturity 

No maximum amount. 

Account in Saudi Riyals or foreign currencies. 

Two business days’ notice to prevent account rollover. 

Authorized Letter of Credit (LC) and Letter of Guarantee (LG) facilities. 

*Profit margin depends on the treasury.

Arab National Bank - Time Deposits(In SAR)

Duration

From 1 month to 3 years

Minimum Amount

SAR 50,000

Annual Interest Rate

Interest Payment frequency

Features:

• Minimum deposit requirement as low as SR 50,000. 

• Competitive rate of return.

• Available in Saudi Riyals

• Choice of different tenures to suit your needs, ranging from 1 month to 3 years.

• Option to automatically renew your deposit at maturity.

• Flexibility to partially withdraw your deposit before maturity.

• Confirmation Advice in Arabic or English.

• The profit margin may increase for the investor with the increase of the investment amount and period

• This investment product is available for Saudi individuals, expatriates, corporate and establishments.


Qatar National Bank Saudi Arabia - Fixed Deposit

Duration

3 months

Minimum Amount

350,000 SAR

Annual Interest Rate

Interest Payment frequency

Description :

A locked account with a competitive interest rate that you can withdraw at maturity. The applicable interest rate depends on market conditions, the size of the deposit and the duration of the hold

Requirements:

A copy of the national card / residence / passport

Benefits:

• Easy-to-understand summaries of transactions specifying maturity dates, applicable profit rates and dates, if any, when profits will be paid.

• The minimum amount required to open a fixed deposit account: 350,000 Saudi riyals

• Minimum maturity: 3 months.

National Bank of Kuwait Saudi Arabia - Islamic Deposits(Murabaha)

Duration

Minimum Amount

Annual Interest Rate

Based on the time period and the amount of the deposit.

Interest Payment frequency

At Maturity

Description :

You wish to invest in a distinctive profit-bearing product that allows you to invest in your future for yourself and your family. With NBK KSA, you could watch your money consistently grow. A capital guaranteed deposit account that allows you the flexibility of managing funds according to your short or long-term needs.

Eligibility:

To open an NBK Islamic Term Deposit Account, you must be 18 years old and above.

Features:

• Get competitive interest rates on your savings. NBK-KSA provides an interest calculator to help you calculate the interest you will earn.

• Choose to open your account in multiple foreign currencies.

• Contact the call center on 800-1266677.

• Get an NBK Credit Card against your NBK Term Deposit.

Benefits:

• Guaranteed attractive interest rates with the trust and security of banking with us

• Automatic renewal – NBK Term Deposit is renewed at the end of each term unless you ask otherwise

• Stable interest rate – Once you have opened the account, the interest rate quoted at that time will be locked in for the duration of the tenor chosen (unless early breakage occurs)

Emirates NBD Saudi - Time Deposit

Duration

7 days to 1 year

Minimum Amount

100,000 SAR

Annual Interest Rate

Interest Payment frequency

Description :

Optimised profits to maximise your savings based on Murabaha

With attractive returns and a minimum term of 7 days, our Time Deposit account is a great first step to growing

the funds you need to achieve your immediate goals.

Features:

• Minimum deposit of SAR 100,000 or its equivalent in other major currencies

• Market-leading profit rates, depending on the duration of the deposit and currency

• Flexible terms

• 7 days to 1 year

• Loan facility so you can access to funds as necessary without affecting your returns

• Premature withdrawals permitted.

بنك إس تي سي - الوديعة الثابته

Duration

Minimum Amount

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بنك فيجن - وديعة المرابحة

Duration

Minimum Amount

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