Protection & Savings Deposit Product Bundle with Awaeed Savings Account

About the bundle 

alrajhi bank offers its customers a new package that includes the Protection and Savings Deposit product with the Awaeed Account product, which gives the customer an additional gift of up to 2% (year basis) from the profit rate of the Awaeed account product. 

Steps to apply for this bundle?

Visit the branch:

1. The customer visits any branch of alrajhi bank
2. The customer requests to apply to the product bundle
3. The customer issue the protection and savings deposit policy
4. The customer opens a Awaeed account for a period of 6 months, and adds the protection and savings deposit policy number as a name for Awaeed account through the application

Through alrajhi bank application:

1. The customer visit the insurance page in the alrajhi bank application and chooses the protection and savings deposit product.
2. Complete the procedures for Policy Issuance.
3. At the final stage of issuance, the "Earn more profit" icon will appear, where the customer will choose it.
4. The customer visits the insurance page in alrajhi bank application and chooses the protection and savings deposit product. 

Terms & Conditions:

1. The customer must invest equal amounts in Awaeed account & Protection and Savings Deposit.
2. The minimum investment amount in the bundle product is SAR 100,000
3. A customer who cancels the Protection and Savings Deposit policy within the first 21 days of issuance date will not be eligible for the additional gift profit rate.
4. If a customer breaks the Awaeed account before the end of the term (6 months), the customer will not be eligible for the additional gift profit rate.
5. The customer is eligible for the additional gift profit rate on only one Awaeed account for each protection and savings deposit.
6. Upon Awaeed account maturity, the standard alRajhi bank’s rate will be applicable for new bookings/auto rollover