Last updated: June 23, 2026 · Savings accounts compared: 15 · Data source: Official bank product pages
Reviewed by Zia Shahid, Buzdy Banking Editor · Our methodology
? In this guide
Looking for the best savings account in Saudi Arabia in 2026? We compared 15 savings accounts from top banks in Saudi Arabia to help you find the right one for your needs, income, and lifestyle.
This guide covers fees, interest rates, eligibility, rewards, and key benefits for every option. All data is sourced from official bank product pages and updated as of June 23, 2026. Every option is from a bank regulated by Saudi Central Bank (SAMA).
Quick Comparison: All 15 Savings accounts in Saudi Arabia
Side-by-side comparison of every savings account option in Saudi Arabia as of June 23, 2026. Tap any name for full details.
| Savings account | Bank | Rate / Eligibility | Top Features | Apply |
|---|---|---|---|---|
| 1. Currency Passport Account | Emirates NBD | Interest rate of 0.15% based on the currency. | ATM, Internet Banking | View → |
| 2. EarlySaver Account and Deposit | Emirates NBD | Higher interest rates calculated on daily closing balance and credited monthly, Interest up to 0.75% | ATM, Internet Banking | View → |
| 3. Emirates NBD Current Account | Emirates NBD | — | ATM, Internet Banking | View → |
| 4. Emirates NBD Savings Account | Emirates NBD | Interest rate of 0.20% p.a | ATM, Internet Banking | View → |
| 5. Emirates NBD Value Account | Emirates NBD | Interest rates of up to 0.35% | ATM, Internet Banking | View → |
| 6. Family Savings Account | Emirates NBD | Interest rate up to 1.25% p.a. for AED | — | View → |
| 7. Fixed Deposit | Emirates NBD | Rate fixed until maturity of deposit. Interest payout on maturity | Internet Banking | View → |
| 8. Flexi Deposit | Emirates NBD | — | — | View → |
| 9. FlexiSweep Deposit | Emirates NBD | — | Internet Banking | View → |
| 10. Goal recurring deposits | Emirates NBD | Interest paid on maturity | — | View → |
| 11. Gold Investment Account | Emirates NBD | Non-interest bearing account | Internet Banking | View → |
| 12. Manchester Savings Account | Emirates NBD | Interest rate of up to 0.50% p.a. depending on the number of goals the team scores that month | ATM, Internet Banking | View → |
| 13. Mudaraba General Investment | Emirates NBD | — | Internet Banking | View → |
| 14. Mudaraba Savings Account | Emirates NBD | Profit rate of 0.09% p.a. | ATM, Internet Banking | View → |
| 15. RegulaReturns Deposit Account | Emirates NBD | — | — | View → |
Top 15 Savings Accounts in Saudi Arabia (2026)
1. Currency Passport Account
Bank: Emirates NBD
- Interest Rate: Interest rate of 0.15% based on the currency.
- Benefits: ATM, Internet Banking
Currency Passport Savings Account__ One account. Different currencies. Get the freedom to manage deposits and enable transfers in different currencies, all within the comfort of a single account.
2. EarlySaver Account and Deposit
Bank: Emirates NBD
- Interest Rate: Higher interest rates calculated on daily closing balance and credited monthly, Interest up to 0.75%
- Benefits: ATM, Internet Banking
Start saving today for your child’s future. Teach your child the importance of saving and set up automatic top-ups from your account.
3. Emirates NBD Current Account
Bank: Emirates NBD
- Benefits: ATM, Internet Banking
Our range of current accounts keep you in full control while taking care of your needs.
4. Emirates NBD Savings Account
Bank: Emirates NBD
- Interest Rate: Interest rate of 0.20% p.a
- Benefits: ATM, Internet Banking
Benefit from the advantages of higher interest, easy access to your account and solution driven services.
5. Emirates NBD Value Account
Bank: Emirates NBD
- Interest Rate: Interest rates of up to 0.35%
- Benefits: ATM, Internet Banking
Get more value out of your Emirates NBD current account. Attractive interest rates paid out monthly, easy bill payments and instant money transfers.
6. Family Savings Account
Bank: Emirates NBD
- Interest Rate: Interest rate up to 1.25% p.a. for AED
Gift your family their own savings accounts under one Family Savings Account and share your free international debit card with special offers on dining, shopping and travel.
7. Fixed Deposit
Bank: Emirates NBD
- Interest Rate: Rate fixed until maturity of deposit. Interest payout on maturity
- Benefits: Internet Banking
Grow your money and access your funds when you need to. Stay in control of your money, make partial withdrawals while keeping the rest of your deposit intact.
8. Flexi Deposit
Bank: Emirates NBD
- Enjoy a deposit that gives you the flexibility you need. Set goals and be prepared for life’s surprises with our FlexiDeposit Account which lets you
Enjoy a deposit that gives you the flexibility you need. Set goals and be prepared for life’s surprises with our FlexiDeposit Account which lets you make partial withdrawals.
9. FlexiSweep Deposit
Bank: Emirates NBD
- Benefits: Internet Banking
It helps when your money works as smartly as you do. With this solution, funds automatically move from your fixed deposit account to a current or savings account to meet a shortfall
10. Goal recurring deposits
Bank: Emirates NBD
- Interest Rate: Interest paid on maturity
Set goals and save towards them. Invest in Emirates NBD’s gold savings plan with up to 5 goal-based saving options.
11. Gold Investment Account
Bank: Emirates NBD
- Interest Rate: Non-interest bearing account
- Benefits: Internet Banking
An investment as good as gold. Invest in an Emirates NBD Gold Investment Account - it’s as good as holding actual gold.
12. Manchester Savings Account
Bank: Emirates NBD
- Interest Rate: Interest rate of up to 0.50% p.a. depending on the number of goals the team scores that month
- Benefits: ATM, Internet Banking
Manchester United Savings Account__ For all Manchester United fans out there, here’s an account that pays you a higher interest rate every time your team scores and a chance to win a trip to the The
13. Mudaraba General Investment
Bank: Emirates NBD
- Benefits: Internet Banking
Join us in a Shari’ah compliant investment partnership. A Mudaraba Deposit gives you returns based on the performance of the underlying assets.
14. Mudaraba Savings Account
Bank: Emirates NBD
- Interest Rate: Profit rate of 0.09% p.a.
- Benefits: ATM, Internet Banking
Benefit from our wide range of products and services under Emirates NBD’s exclusive Islamic Banking range.
15. RegulaReturns Deposit Account
Bank: Emirates NBD
- RegulaReturns Fixed Deposit Account__ A fixed deposit account that gives you the freedom to choose your interest payouts either monthly, quarterly or
RegulaReturns Fixed Deposit Account__ A fixed deposit account that gives you the freedom to choose your interest payouts either monthly, quarterly or half-yearly.
7 Smart Tips Before You Apply
What banks won't put in their marketing — but every smart applicant should know.
- Compare APY, not just headline interest. A 5% rate compounded monthly yields more than 5.1% compounded annually. Look for daily compounding for maximum return.
- Check the deposit insurance coverage. Most countries insure deposits up to a limit (varies). Spread funds across multiple banks if you have more than the insured limit.
- Watch out for promo rates that expire. Banks offer 6% for the first 3 months then drop to 1%. Set a reminder to move funds when the promo ends.
- Tiered rates can mislead. Some accounts pay high interest only on balances above a threshold (e.g. only on the portion above $10,000). Read the structure carefully.
- Minimum balance penalties are real. Drop below $500 and you may lose all interest for that month — or pay a maintenance fee that eats months of earnings.
- Online banks pay more than branches. No-branch banks have lower overheads and pass it on as higher rates — often 5-10x what big-bank savings accounts pay.
- Tax matters. Interest income is taxable in most countries. Use tax-advantaged accounts (e.g. ISA in UK, IRA in US, EPF/PRA in Pakistan) where available.
Common Mistakes to Avoid
The five most expensive errors people make with savings accounts:
- Putting all savings in one big bank. Big-brand banks pay 0.5% while online banks pay 4-5%. The convenience costs you thousands per year.
- Ignoring inflation. If inflation is 8% and your savings earn 4%, you're losing 4% per year in real terms. Match savings rate to inflation, or it's not really saving.
- Locking everything in fixed deposits. Keep 3-6 months expenses liquid in a high-yield savings account; only lock what you definitely won't need for 1-5 years.
- Forgetting to renew on maturity. Mature FDs often roll over at the LOWEST current rate — sometimes a third of the original. Set a calendar reminder for every maturity date.
- Withdrawing early without checking penalty. Breaking a 1-year FD in month 11 can wipe out 12 months of interest. Match the term to your actual lock-in tolerance.
How to Choose the Right Savings account in Saudi Arabia
- Annual fees — compare across banks, some offer zero fee for the first year
- Interest rates — lower rates save money if you carry a balance
- Rewards and benefits — match to your spending habits
- Eligibility — salary and documentation requirements vary by bank
- Digital access — mobile app, internet banking, contactless payments
- Customer support — 24/7 helpline, branch network, dispute resolution time
- Regulation — all products listed are from banks regulated by Saudi Central Bank (SAMA)
Frequently Asked Questions: Savings accounts in Saudi Arabia
What is the best savings account in Saudi Arabia for 2026?
The best savings account depends on your priorities — income level, spending habits, and eligibility. Use the comparison table above to filter by rate, benefits, and bank. For premium benefits with worldwide acceptance, look at Platinum tier cards. For low income requirements, classic tier cards offer easier eligibility. Compare all 15 options on this page.
What credit score do I need for a savings account in Saudi Arabia?
Most banks in Saudi Arabia require a clean credit history with no defaults in the last 5 years. Premium products typically require higher monthly income. Each bank publishes its own minimum on the product page.
Can I apply online for a savings account in Saudi Arabia?
Yes, most major banks in Saudi Arabia now offer fully online applications. Tap "View" on any savings account above to start the application process directly with the bank.
What documents do I need?
Standard documents: valid government ID, tax identification number, proof of address (utility bill or rental agreement), latest 3 months of payslips (for salaried applicants) or 6 months of bank statements (self-employed), and a recent passport-size photograph. Exact requirements vary by bank.
Are these savings accounts regulated and safe?
Yes — all 15 options listed are from banks regulated by Saudi Central Bank (SAMA). Consumer disputes can be escalated to the regulator if a bank does not resolve the issue.
What are the typical fees in Saudi Arabia?
Fees vary by tier and bank: classic cards typically SAR 0–1,500/year, gold SAR 1,500–3,000, platinum SAR 3,000–10,000. Many banks waive the first year. Always check the product page for the exact fee schedule.
Can I get a savings account if I am self-employed in Saudi Arabia?
Yes. Self-employed applicants typically need: business registration, latest tax returns, 6 months of bank statements, and audited financials (for higher tiers). Approval rates are lower than for salaried applicants but several banks specifically cater to small business owners.
What happens if I default on payments?
Missed payments trigger late fees (typically SAR 500–2,000), a credit-score drop, and a higher interest rate going forward. After 90 days of non-payment, the account goes to collections and is reported to credit bureaus. Contact your bank BEFORE missing a payment if you have trouble — most banks offer hardship plans.
Related Guides for Saudi Arabia
- All banks in Saudi Arabia
- Bank branches across Saudi Arabia
- Credit Cards In Saudi Arabia 2026
- Personal Loans In Saudi Arabia 2026
- Savings Accounts In Saudi Arabia 2026
- Saudi Arabia EMI calculator
- Saudi Arabia savings calculator
How We Compare
Our editorial team reviews each product based on annual fees, interest rates, rewards programs, eligibility requirements, and verified bank disclosures. We update this comparison regularly to reflect the latest offers. Data is sourced from official bank websites and verified where regulatory filings are publicly available.
Buzdy compares products from 555 banks across 51 countries. We are not affiliated with any single bank — our rankings are based on objective criteria outlined in our methodology.
Disclosure: Buzdy may earn a referral commission when you apply through links on our site. Commissions never influence rankings. Read our full editorial standards.
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