Recurring Deposit Account

Grow your money effortlessly with the Recurring Deposit Account from Banque Saudi Fransi.

The account that allows you to contribute a monthly fixed amount for specific period of time, with annual returns.

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Features and advantages:

Minimum initial deposit of SAR 5,000 and up to SAR 1 million
Monthly contribution of SAR 500
The product is offered to individual customers only
Available in Saudi Riyal only
Tenor ranges from 1 to 5 years
The monthly installment will be Gregorian calendars
Possibility of maintaining multiple Recurring Deposits Accounts

Returns are paid at the end of the contract with the basic of investment amount
Access to your account statement through E-channel without performing any financial transaction

Example: 1 year fixed term Recurring deposit account

Saving account Type	Minimum Initial deposit Amount	Minimum Monthly Contribution	Maturity in years	Annual Equivalent Rate	Number of Withdrawals Permitted in the remaining years
Recurring deposit account	5,000	500	1	0.75%	0

Example: 3 year fixed term Recurring deposit account

Saving account Type	Minimum Initial deposit Amount	Minimum Monthly Contribution	Maturity in years	Annual Equivalent Rate	Number of Withdrawals Permitted in the 1st Year	Number of Withdrawals Permitted in the remaining years
Recurring deposit account	5,000	500	3	1.85%	0	0

Example: 5 years fixed term Recurring deposit account

Saving account Type	Minimum Initial deposit Amount	Minimum Monthly Contribution	Maturity in years	Annual Equivalent Rate	Number of Withdrawals Permitted in the 1st Year	Number of Withdrawals Permitted in the remaining years
Recurring deposit account	5,000	500	5	2.50%	0	0

The Annual Equivalent Rates mentioned above are an example and changeable
Cash withdrawals are not allowed during the contract’s validity period because the purpose of the account is to save and invest the amount saved according to the specified period
Terms and conditions applied