Future Account
Think ahead… and achieve your financial goals with a clear and flexible plan
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Illustrative Examples:
| Saving Type | Monthly deduction | Duration | AER | Value of expected profit by end of period | Total savings plus expected profit | Profit Sharing Rate |
|---|---|---|---|---|---|---|
| Short Term | SAR 1,500 | 12 Months | 2.22% | SAR 218 | SAR 18,218 | SAR 67,756 |
| Long Term | SAR 1,000 | 60 Months | 4.72% | SAR 7,756 | 60% | 60% |
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.
