• Riyad Bank offers you the best financial solutions to plan for a secure future with a Shariah-compliant competitive returns.

• Ability to open an account through Riyad Online or Riyad Bank App
• Easy transfer to the Saving Account

• For Saving Accounts APR disclosure, click here

• Instant access to the account through free electronic banking
• Shariah-compliant competitive returns on your daily balance when choosing saving account with return
• Ability to set the savings target
• No salary transfer required
• Profits are calculated starting from S..R 20,000 or above

Through Riyad Online or Riyad Bank App, select “Apply Now” then “Additional Account” and choose Saving Account with or without returns.

• Opening current account with Riyad Bank
• Valid ID card
• Signing the Saving account agreement
• You can also visit your nearest Riyad Bank branch to apply

• The bank shall invest the deposit amount in the Mudaraba Pool of Riyad Bank’s different investment activities, approved by the Shariah Committee at Riyad Bank
• The deposit amount may not be withdrawn from the Saving Account until after 24 hours from the time of the deposit
• The bank is entitled to co-mingle the customer’s Mudaraba amount with its funds or other customer’s funds. Each party is a partner on the basis of their ratio of investment
• If the daily closing balance is below SAR 20,000, the deposit amount shall be handled as a current account balance where the customer is not entitled to any profits whatsoever
• The bank does not guarantee the capital of Mudaraba. Any losses incurred to the Mudaraba Pool shall be borne by the customer alone
• The net profit of Mudaraba shall be allocated to the bank and the customer according to the agreed upon investment ratios set out in the Saving Account agreement
• Should be 18 years of age or older