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21 live savings offers tracked across 11 Saudi providers. Data current as of 5 November 2026 and updated daily from the Giraffy database.
21 live offers compared from 11 providers, from 0.05% p.a.. Updated daily.
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Saudi National Bank Savings KSA from Saudi National Bank. Expected Return: 3.75% p.a.; Min. Deposit: SAR 5,000; Term Length: 12 months; Linked Account: SNB account.
0.05% p.a.
0.10% p.a.
0.10% p.a.
0.30% p.a.
2% p.a.
2% p.a.
Sanabil Daily Distribution Account is a savings product from D360 Bank. Key details: Expected Return: 0.50% Profit: Daily; Expected Return: 1.00% Profit: Daily; Expected Return: 1.50% Profit: Daily.
2.70% p.a.
2.95% p.a.
3.50% p.a.
4.22% p.a.
6.11% p.a.
6.36% p.a.
Marriage Program: Expected Return 6.36%; Min. Deposit 500; Term Length 5 years; Linked Account Required.
6.59% p.a.
Education Program is a savings offer from Saudi National Bank in Saudi Arabia. Key details — Expected Return: 6.59% Profit: Maturity; Min. Deposit: 500 And Regular Payment Requirement; Term Length: 5 years; Linked Account: Required.
Price on request
Price on request
Price on request
Price on request
Price on request
Giraffy compares 20+ savings products from 11 banks, including Al Rajhi Bank, Saudi National Bank, Riyad Bank, SAB, Alinma, BSF, Bank Aljazira, Bank AlBilad, SAIB, Emirates NBD and D360 Bank. All are Sharia-compliant, mostly mudarabah profit-sharing, so returns are shown as expected profit rather than fixed interest.
Flexible accounts vary widely: Emirates NBD's Mudarabah Savings Account lists 3.50% up to SAR 250,000 and 4.00% from SAR 250,000 to SAR 10 million, paid monthly with no minimum deposit, Alinma 2.00%–2.70% and Bank Aljazira 2.00%, while SAB's Islamic Mudarabah and BSF's Savings Account list 0.10%. Fixed-term options include Al Rajhi Bank's Awaeed Account (3–12 months from SAR 50,000, automatic zakat) and SAB's Wafer Account (12–36 months from SAR 100 a month, 2.67%–2.95%). For goals, Saudi National Bank's 5-year takaful savings programmes list 6.59% (Education), 6.36% (Marriage) and 6.11% (Retirement). Early withdrawal from term products reduces profit. Need an everyday account? Compare bank accounts.
A savings product lets you set money aside and earn a return over time, kept separate from your everyday current account. Because conventional interest is not permitted, Saudi savings work on Sharia-compliant principles: instead of paying interest, banks typically use a mudarabah profit-sharing arrangement, where your deposit is invested and you receive a share of the profit. Products range from instant-access savings to fixed-term deposits that pay a higher expected profit rate.
Savings products are offered by banks regulated by the Saudi Central Bank (SAMA), which supervises the sector and protects depositors. The market spans large Islamic and commercial banks and newer digital banks that have pushed up expected profit rates to win deposits. Returns are expressed as an expected annual profit rate rather than guaranteed interest, and fixed-term products usually pay more than instant-access ones in exchange for locking your funds. As part of Vision 2030 the Kingdom has encouraged household saving and financial inclusion, and competition from digital banks has made higher expected profit rates more widely available than in the past. Some products distribute profit monthly, others at maturity, and the exact return depends on the banks investment performance under the mudarabah arrangement.
Sharia-compliant returns — Earn a profit share through mudarabah rather than interest.
Capital security — Deposits held with SAMA-regulated banks are protected.
Flexible terms — Instant-access for liquidity or fixed-term for a higher expected profit rate.
Digital access — App-based banks make opening and managing savings quick.
Compare the expected annual profit rate, but check the conditions attached: minimum balance, whether the rate is for a fixed term, and any limits on withdrawals. Decide how much access you need; instant-access suits an emergency fund, while a fixed term suits money you will not touch. Confirm the product is Sharia-compliant if that matters to you, and read how and when profit is credited.
Al Rajhi Bank and Saudi National Bank are among the largest deposit-takers, alongside Riyad Bank, SAB, Alinma, Bank Aljazira and Emirates NBD KSA. D360 Bank, a digital challenger, has been notably competitive on expected profit rates. All are SAMA-regulated. Giraffy tracks live savings offers across these providers so you can compare expected profit rates and terms.
Savings products do not cost you a fee to hold; instead they pay a return. Expected profit rates on Giraffy reach up to around 6.59 percent for the most competitive fixed-term products, while instant-access rates are lower. The zero at the bottom of the range reflects basic accounts with little or no return. Compare the expected rate together with the term and access conditions to judge real value.
SAMA regulates and supervises the banks that offer savings, sets consumer-protection and disclosure rules, and safeguards depositors. Because returns are profit-based rather than guaranteed interest, the expected rate is an indication under the mudarabah model, though in practice competitive banks aim to deliver it. Regulation ensures transparency on terms, conditions and how profit is calculated and credited.
Do Saudi savings pay interest? No. They pay a Sharia-compliant profit share, typically through mudarabah, rather than interest.
Instant-access or fixed-term? Instant-access suits an emergency fund; fixed-term pays a higher expected profit rate for locking your money.
Are my deposits safe? Deposits are held with SAMA-regulated banks under depositor-protection rules.
Can I withdraw from a fixed-term deposit early? Often yes, but you may forfeit some or all of the expected profit for the period, so only lock away money you are confident you will not need.
Giraffy compares 21 savings products from 11 banks. Flexible accounts with no fixed term include Emirates NBD's Mudarabah Savings Account (3.50% expected profit up to SAR 250,000 and 4.00% from SAR 250,000 to SAR 10 million, paid monthly, no minimum deposit), Alinma's Savings Account (2.00%–2.70%), Bank Aljazira's Savings Account (2.00%) and D360 Bank's Sanabil Daily Distribution Account (0.50%–2.00%, paid daily). These are expected profit rates, not guaranteed interest.
Flexible accounts let you withdraw at any time without a penalty, with profit usually calculated on your daily or monthly average balance. Fixed-term accounts lock your money in: Al Rajhi Bank's Awaeed Account runs for 3, 6, 9 or 12 months from SAR 50,000 and pays profit at maturity, and SAB's Wafer Account runs for 12, 24 or 36 months from SAR 100 a month. Early withdrawal reduces or forfeits the profit on both.
Saudi banks sell fixed deposits as Sharia-compliant term accounts rather than interest-bearing deposits. On Giraffy, Al Rajhi Bank's Awaeed Account is the closest match to a classic fixed deposit: a lump sum from SAR 50,000 for 3, 6, 9 or 12 months, with profit paid at maturity and no linked account required. SAB's Wafer Account is a term saving plan for 12, 24 or 36 months from SAR 100 a month, with expected profit of 2.67% to 2.95%. If you need access to your money, a flexible mudarabah account such as Emirates NBD's (3.50% up to SAR 250,000) pays monthly without a lock-in.
A mudarabah account is an Islamic savings account where the bank invests your deposit and shares the profit with you at an agreed ratio, instead of paying fixed interest. The rate a bank shows is an expected profit rate, not a guarantee. Mudarabah accounts on Giraffy include Emirates NBD's Mudarabah Savings Account (3.50%, no minimum deposit), Bank Aljazira's Savings Account (2.00%, profit paid monthly) and SAB's Islamic Mudarabah Savings Account (0.10%, from SAR 5,000).
Yes. Every savings product listed uses a Sharia-compliant structure, mostly mudarabah: your deposit is invested and you receive a share of the profit instead of fixed interest, so the actual return depends on how the investment performs.
On most of the accounts listed, zakat is the customer's responsibility. The exception is Al Rajhi Bank's Awaeed Account, which lists automatic zakat payment. Check each account's terms before opening.
Saudi National Bank offers takaful-based 5-year savings programmes from SAR 500 with regular contributions: the Education Program (6.59% expected return), Marriage Program (6.36%), Retirement Program (6.11%) and Ladies Program (4.22%). The return is paid at maturity, and early surrender reduces both capital and profit.
All banks on this page are licensed by the Saudi Central Bank (SAMA), which also runs the Saudi Deposit Protection Fund covering eligible deposits at each licensed bank.