Who is the Time Deposit for? How you will benefit How does the Riyad Bank Time Deposit work for you? The Riyad Bank Advantage How much will the Riyad Bank Time Deposit cost? Where can I apply for the Riyad Bank Time Deposit? Apply now Terms and Conditions






Time Deposits are for all customers - Saudis or expatriates - who have a lump-sum (more than SR 20,000) available to invest.

Should you wish to save smaller amounts on a regular basis, please also consider our Savings Accounts.


When you have surplus cash, you require competitive rates and the assurance of dealing with one of the Kingdom's premier financial institutions. And when you need the cash back without notice, easy access is essential. A Time Deposit will benefit you in several ways including:

Complete security of your funds.

Competitive interest rates computed on your daily balance.

Different major currencies available besides the Saudi Riyal.

Different options to choose from that best serve your needs.

Efficient support from a dedicated team.

Ease of administration.

		Before opening a Time Deposit, you need to decide how much you are going to invest and for how long. Your interest rate will be computed accordingly.
		You can choose from a variety of terms and maturity options, starting from one week and up to more than one year. On the maturity date you can choose to:   -Automatic, rollover your savings, including the interest earned.   -Automatic, rollover without the interest, and the interest in this option will be transferred into another account of your choice.   -Add to / or withdraw the principal amount invested.
		You can choose to invest in:   -Saudi Riyals   -American Dollars   -Sterling Pounds   -and the Euro.
		You can choose from one of two options depending on how much you would like to start with and for how long:   -Deposits that are equal to or less than SR 5 Million or equivalent in foreign currency   -Deposits that are more than SR 5 Million or equivalent in foreign currency
		Once you open a Time Deposit, an advice (statement)will be issued to you detailing your deposit criteria. If, for example, an automatic rolloveris chosen, a periodic advice (statement) will be issued to the same effect.

		Riyad Bank is committed to assisting you in obtaining the most from your money with competitive investment rates, a secure environment and easy access.
		Gain capital growth with a solid bank. Your risks are minimized to almost ZERO level.

It's FREE!!!
There is no service charge if you keep your account up and running.


To open a Time Deposit account, please visit your nearest Riyad Bank branch with all required documents as specified in the "Terms and Conditions" below.
For more information call 800-124-2020. Our overseas and mobile phone users will not be able to access the toll-free number. The alternative number is +966 3847 7760.


Please, visit Riyad Bank branch or call our toll free number for more assistance call 800-124-2020


Please note that the minimum deposit balance is currently set to SR 50,000 or equivalent for deposits of one month or more.
Additionally, you need to bring with you the following documents:

		Your original ID (National ID for Saudis, Iqama for non-Saudis and Commercial Registration for the business Sector).
		Your clear Postal Address.