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Notice Deposit

The notice deposit allows you to save and grow your money for a set period of time and offers the flexibility of penalty-free withdrawals.
Features:
  • A higher return than other types of account
  • Guaranteed rate of return*
  • Same-day penalty-free withdrawals
  • Various possible terms and the option of extending the term on maturity
  • Terms vary from 1 week to 5 years
  • No maximum amount
  • Account in Saudi Riyal or foreign currencies
  • A minimum of two business days’ notice before maturity required to prevent account rollover
  • Authorized Letter of Credit (LC) and Letter of Guarantee (LG) facilities
*Profit rate depends on Treasury
Requirements:
  • A valid ID
  • Fill in the current account opening form
  • Fill in the term deposit application
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