Time deposit

Whether you are looking for a short-term investment or a long-term one, you will find what you need with SAIB time deposits:

  • Time deposits are available to individuals and corporate customers
  • Automatic renewal is optional upon customer’s request
  • Interest is earned at maturity
  • Deposits durations range from one week, two weeks, a month, 3 months, 6 months, 1 year
  • Overdraft facility reaches up to 90% of the deposit

Invest your money with our NEW product

SAIB offers you a special TD in USD with different tenors to be compatible with your needs that starts with tenor 6 months up to 24 months with flexible interest pay-out.

Interest is paid at maturity or with interest pay-out frequency as follows:

  • 6 months TD with interest at maturity
  • 12 months TD with interest at maturity
  • 15 months TD with interest at maturity
  • 18 months TD with interest at maturity
  • 24 months TD with interest at maturity
  • Also you can choose interest frequency as follows:
  • 15 months TD with quarterly interest pay-out
  • 18 months TD with Semi-annual interest pay-out

 TD’s features

  •  TD is available for individual and non-individual customers
  • minimum amount of the TD and its interest rate depends on the TD type and tenor
  • TD could be redeemed after 3 months from date of issuance as per the TD redemption table for each TD tenor.
  • TD could be collateral to asset products with same currency after 3 months from TD issuance date up to 70% of the TD amount and according to the bank credit policy.

Hurry up and issue Konooz USD TD in order to win an instant gold prize (for individual customers only)
The instant gold prize campaign starts on 28th of January 2020 for one month only

For more information, please call our hotline 16668

All Terms and Conditions shall apply.