Saving Account

Care today…for a better tomorrow

To help you save and plan for the future, we at Alinma Bank introduce Alinma Savings Account In more than one of the package featuring flexibility that meets the needs of our clients. Our aim is to help you fulfill your personal goals in a Sharia-compliant manner and in line with our values of transparency and innovation.

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Start your savings by one riyal with Higher annual returns of up to 3%* when increasing the balance.
Ability to open Saving Accounts via Alinma App.
Ability to track account details through account statements, at Alinma Self Service.
Secure monthly dividends.
The return elasticity and its increase if the balance increasing and decreasing it if the balance decreasing.
A minimum balance must be maintained throughout the investment period. This balance is eligible to be added to the investment fund and to receive dividends according to package terms.
Possible of subscribe with Instant Savings via Alinma App.
Perform your transactions from the saving account such as transfers, Government payments, and Bill Payment
The funds of this product shall be invested in an investment pool that is mainly composed of non-zakat assets, assets the Zakat of which is paid by a third part, or both. Accordingly, this pool shall not be subject to Zakat

Saving Account Daily balance package
Balance Limits	AER	Maturity in Month	Number of Withdrawals Permitted per Month
SR 1 – SR 1,000,000	2.00%/Year	One Month	Open
SR 1,000,000 – SR 3,000,000	2.22%/Year	One Month	Open
SR 3,000,000 and above	2.70%/Year	One Month	Open

Saving Account Minimum balance package
Balance Limits	AER	Maturity in Month	Number of Withdrawals Permitted per Month
SR 1 – SR 1,000,000	2.00%/Year	One Month	Open
SR 1,000,000 – SR 3,000,000	2.22%/Year	One Month	Open
SR 3,000,000 and above	2.70%/Year	One Month	Open

Saving Account Daily balance package ( USD Account )
Balance Limits	AER	Maturity in Month	Number of Withdrawals Permitted per Month
USD 5000 – USD 99,999	1.50%/Year	One Month	Open
USD 100,000 – USD 999,999	1.75%/Year	One Month	Open
USD 1,000,000 and above	2.50%/Year	One Month	Open

The Bank invests the balances of investment accounts in revenue-generating investments and stable in terms of fair value and cash flows. Such balances are invested in one of the following pools:
Retail Customers Investment Pool: This is an investment pool that is mainly composed of non-zakat assets, or assets the Zakat of which is paid by a third part, or both. Accordingly, this pool shall not be subject to Zakat.
Sharia decision 1398
Corporate Customers Investment Pool: This is an investment pool that is mainly composed of different revenue-generating assets, including the Bank’s financings (Except leased assets financings), Sukuk and transactions with the Saudi Central Bank.
FAQS

Open a current account with Alinma Bank
Present a valid identification card

Sing in via Alinma App.
Select “New Account”.
Choose account type : Saving
1. Select Account currency
2. Enter the Account name
3. Review the Terms & Conditions and confirm

Amount of current account available for investment	100% of the balance
Deposits during the investment period	Additional deposits can be made anytime; however, returns will be calculated starting from the next investment period or as of the next working day (as per the terms of the package)
Eligibility	All Alinma Bank customers are eligible
Minimum balance	As per package terms
Withdrawal policy*	Withdrawals can be done at any time as per contract terms.
Rate of return (investor)	As per contract terms
Rate of return (broker)	As per contract terms

No fees are charged on withdrawals during the investment period
The savings account may entail risks related to availability of investment opportunities and seasonal market fluctuations during summer holidays and festivals, both of which may affect account revenues. Therefore, the bank does not guarantee account profitability nor does it protect against losses. However, future opportunities can be estimated based on investment results.
We hope you know that the return will be automatically increased for those who reach the minimum amount of the highest savings package, as well as the return will be automatically reduced for those who reach the balance of the lowest savings package.
Ability to withdraw funds at any time during investment period and (according to package terms).