The Economy website displays the details and features of a savings account from Banque Saudi Fransi.
A savings account allows you to set aside a portion of your money and let it grow gradually for an extended period of time, while making it available for your use without any fees or fines.
Advantages:
No minimum required to open an account
Guaranteed profit margin*
The commission is calculated on the daily balance and paid into the customer’s account every six months. Electronic banking services (online, mobile or telephone)
An account in Saudi riyals or foreign currencies
Account statement every three months
Cash withdrawals and deposits
Check Deposit
Notification through text messages
Equivalent annual rate ratios mentioned above are just an example and are subject to change
No minimum initial deposit/monthly subscription
There is no pre-determined term for the savings account. The equivalent annual rate is calculated based on the daily balance (based on the average account balance) and is paid into the customer’s account every six months
There are no restrictions on the number of cash withdrawals
Requirements:
Saudi citizens
National identity card
Citizens of the Gulf Cooperation Council
passport
ID card
Residents
Residence permit
passport copy
