Saudi Awwal Bank - Green deposit account :
SABB’s Green Deposit Account is an innovative Shariah compliant Time Deposit that offers the opportunity to fulfil your personal sustainability goals through investing your funds to support financing of environmentally friendly projects in Saudi Arabia, with attractive returns in the short to medium term.
Minimum Balance
SAR 25000
Minimum Salary
Opening Balance
SAR 25000
Annual Rate
Depending on the amount and the period.
Monthly Fee
No
Documents required:
• Account opening form.
• Copy of National ID or Resident Identity.
Example: of 12 Months subscription in SABB Green deposit account
• Deposit Amount: SAR 25,000
• Annual Equivalent Rate: %2.55
• Period: 12M
• Expected Profit Amount: SAR 640
• Expected Maturity Amount: SAR 25,640
Benefits:
• Contribute to sustainability as deposits are used to fund eligible environmentally beneficial projects and businesses.
• Fully Shariah compliant account.
• Stable principal and predictable returns.
• Minimum investment amount of SAR25,000.
• Investment are available in Saudi Riyal (SAR)
• Flexible investment periods of 1, 3, 6, 9 and 12 months.