Features:
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)
The Saudi Investment Bank - Time Deposit(In USD) :
Duration
Choice of investment period from 1 week to 12 months.
Minimum Amount
Minimum investment amount of USD 5,000.
Annual Interest Rate
Interest Payment frequency
At Maturity
Requirements:
SAIB Time Deposit agreement form.
Benefits:
• Available in US dollars.
• 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.