In the current period, many citizens seek to identify the value of bank deposits profits in Saudi Arabia, and this is because of their desire to invest money in the bank. Among the most prominent banks that offer high profits is Al -Rajhi Bank and Bank Riyadh and through the following lines we will learn about the full details.
How much is the profits of bank deposits in Saudi Arabia
Many citizens want to learn about the profits of bank deposits, as the value of interest on deposits in Saudi banks and through the following lines we will learn about the full details:
1- Al-Rajhi Bank
The percentage of deposit profits in Al -Rajhi Bank is approximately 60% of the total value of the depositary, and in the event that the deposit ranges between 10,000 Saudi riyals and 300,000 Saudi riyals, then then the expected annual profit margin is about 2.4%.
In the event that the value of the deposit is between 300,000 to less than a million Saudi riyals, then the expected annual profit rate is about 2.75% million Saudi riyals or more, then the expected annual profit margin rate is 3%.
2- Riyad Bank
Riyad Bank offers the best department of a deposit, which works to meet the needs of customers, as the profit rate is on the deposit that is added, as the profit rate is about 1.84%, besides that the customer is the one who works to determine the deposit period, and it is deposited in the local and international currency. The bank gives grant Interest deposits where the amount of deposit reaches approximately 20,000 Saudi riyals.
3- Saudi Investment Bank
As for the Saudi Investment Bank, the deposit rate is about 1% annually, with a minimum of 50 thousand Saudi riyals.
How to create a deposit in banks
In order to benefit from the profits of deposits and investment in a safe way, a deposit must be created in the bank by carrying out many steps:
- Initially, the customer must create an account through the bank he desires.
- Open an ongoing account via the available bank.
- Go to the nearest branch to communicate with available electronic banking channels.
- It is necessary to have a sum of money amounting to about 10,000 Saudi riyals or more than this for investment.
- Provide all information about the customer’s identity.
- Writing the entire order form and then moving to the transmission option.
