The Future Account is a saving plan account in accordance with Islamic Sharia in which the customer sets a monthly amount automatically deducted from the customer's current account, and the system calculates the expected profits based on the savings period.

Benefits and Features:

• Automatic savings where monthly payments are deducted on specified dates by the customer.

• Competitive profit rates

• Fully digitalized account that is opened and managed through the Al Rajhi Bank app.

• Achieving savings goals with the flexibility of setting duration, amount of deduction and obtaining expected profits in accordance with Islamic Sharia.

• The possibility of creating or cancelling saving accounts at any time without fees.

• If the amount is not available in the account on the date of the monthly payment deduction, the customer can add a balance to the future savings account at a later date.

• Payments are transferred monthly from the current account to the future account until the goal amount is reached.

Illustrative Examples:

AER: is an Annual Equivalent Rate, is a figure which shows what the profit rate on an account would be if profit was paid for a full year and compounded.

*AER may differ depending on the period different form the above example. which is changeable and non-fixed return that is regularly announced to customers on the bank's eChannel’s.

Required Documents If applied /Eligibility and Criteria:

Existing current account with Al Rajhi bank

Approve the Terms & Condition

How to apply: 

You can easily join via Al Rajhi App

Fees:

No Fees in creating/cancelling the account