Smart Savings & Returns With Monthly Profits
With the new Savings Account, reach the peak of your savings. You can save your money while enjoying an annual profit rate of 3.5% and benefiting from various features that make it easy and safe to grow and manage your savings through an integrated digital experience that aligns with your goals and complies with Sharia principles.
Shariah Complaint
A Saving product based on Mudarabah that is approved by Sharia Committee
Zakat Paid
You do not have to pay Zakat on the account balance during the investment period with the Bank, as the money deposited is invested in non-zakatable assets or in assets for which Zakat will be paid by the bank
No Fees
Open an account at any time without incurring any fees
Unified Profit Rate for All Customers
An equal and unified profit rate for all customers of The Saudi Investment Bank, regardless of account segment
3.5% Annual Profit Rate
Enjoy an annual profit rate of 3.5% with monthly profit distribution
Flexible Withdrawal and Deposit Options
Easily manage and access your funds at any time through SAIB Mobile App
Minimum Balance of Only
1,000
You can qualify for profits by maintaining a daily balance of 1,000 or more in your Savings Account
Setting a Goal
Specify the purpose and duration of your savings
Shariah-Complaint
A Saving product based on Mudarabah that is approved by Sharia Committee
Zakat Paid
You do not have to pay Zakat on the account during the investment period with the Bank, as the money deposited is invested in non-zakatable assets or in assets for which Zakat will be paid by the bank
No Fees
Open an account at any time without incurring any fees
Unified Profit Rate for All Customers
An equal and unified profit rate for all customers of The Saudi Investment Bank, regardless of account segment
3.5% Annual Profit Rate
Enjoy an annual profit rate of 3.5% with monthly profit distribution
Flexible Withdrawal and Deposit Options
Easily manage and access your funds at any time through SAIB Mobile App
Minimum Balance of Only 1,000
You can qualify for profits by maintaining a balance of 1,000 or more in your Savings Account
Setting a Goal
Specify the purpose and duration of your savings
Start Your Savings Journey in 3 Steps
01
Open Your Savings Account
Start your journey by opening a Savings Account through SAIB Mobile App.
02
Transfer Your Savings
Deposit a minimum of 1,000 into the account.
03
Enjoy Profits
Profits are automatically added to your Savings Account monthly.
Imagine the Possibilities
Endless Opportunities Await You
Yearly Profit Rate
+3.50%
Profits Calculator
Estimate your annual profits based on your account balance
Annual Profit Rate
3.5%
Enter Your Balance
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Estimated Annual Profits
Let’s See If You’re Ready
You’re a SAIB Customer
If you already have a Current Account or Salary Account with SAIB, you’re good to go.
Minimum Balance
If you maintain a minimum daily balance of 1,000, you’ll qualify to earn profits.
Digital Convenience
Manage your account 100% through the SAIB Mobile App, no other channels needed.
If your balance falls below 1,000 , you will not earn any profit for that day during the month.
No, there are no fees for opening, closing, or withdrawing from your Savings Account.
Yes, you can link your Savings Account to any of your other accounts at The Saudi Investment Bank.
Money deposited in your Savings Account is invested in non-zakatable assets or in assets for which Which Zakat will be paid by the bank.
There is no limit or fees for the number of withdrawals or deposits.
Profits are calculated based on the daily closing balance, provided it is not less than 1,000.
Profits are credited to your Savings Account automatically at the end of each month.