Fixed Deposit Calculator — Saudi Arabia
Calculate your fixed-deposit maturity value and interest in SAR at current rates. No signup, no account needed.
Enter a deposit amount, a rate between 0% and 100%, and a term above zero (up to 50 years) to see results.
Fixed deposit rates in Saudi Arabia (2026)
Mudarabah term deposits ≈ 4–5% expected profit rate. Al Rajhi, Alinma are major Islamic banks.
At around 2.5%, the fixed-deposit rate in Saudi Arabia is on the low side by international standards.
Reference figures, ~2026. FD interest is often taxable and rates vary by bank and tenure - verify the current rate before depositing.
Worked example
For every SAR 75,000 deposited at 2.50% for 5 years (quarterly compounding):
- Maturity value: SAR 84,953
- Interest earned: SAR 9,953
Scale to your deposit amount. Longer tenures and higher rates grow the maturity value; compare banks before locking in.
How to get the best fixed-deposit return in Saudi Arabia
- Compare several banks - smaller and digital banks often pay more than the big high-street names.
- Ladder your deposits across different tenures so some matures regularly and you can reinvest at new rates.
- Check how often interest compounds; more frequent compounding grows the maturity value.
- Factor in tax on the interest, and compare against short-term government bills or bonds.
A real-data rate check: fixed deposit rates in Saudi Arabia (2026)
Many online calculators default a Saudi 12-month SAR time deposit to 4-5% because that number matches the Saudi Central Bank (SAMA) policy rate. But the policy rate is not the retail deposit rate. As of the last cut on 29 October 2025, SAMA's repo rate stood at 4.50% and was cut again to 4.25% in a follow-up move that tracked the US Federal Reserve, with the reverse repo rate at 3.75% (Argaam, October 2025). Actual bank-published retail time deposit rates sit well below that benchmark. Riyad Bank's official Annual Percentage Rate (APR/AER) disclosure, last updated 25 January 2026, lists a 12-month SAR 1,000,000 time deposit at an AER of just 1.02%.
The pattern holds at other banks too. The Saudi Investment Bank (SAIB), in its prices-of-products disclosure reviewed 25 August 2026, shows an illustrative 12-month Murabaha deposit of SAR 1,000,000 earning a profit margin of only 0.55%, while a 1-month tenor earns 0.40% and a 6-month tenor 1.00%. Banque Saudi Fransi separately publishes a plain savings account AER of just 0.10%, alongside a longer-term "Save to Own a Home" product ranging up to 3.50% AER depending on term. In short: for a general depositor placing funds in a standard 12-month SAR time/Murabaha deposit at a major Saudi bank, actual published yields cluster closer to 1-3%, not the 4%+ SAMA policy rate.
A more realistic example: at a blended 12-month rate of 2.5%, a SAR 10,000 deposit compounded annually (A = P(1+r/n)^(nt)) grows to SAR 10,250.00 after 1 year (SAR 250.00 in profit) and to SAR 11,314.08 after 5 years (SAR 1,314.08 in cumulative profit) — a modest but realistic outcome that reflects what Saudi retail depositors actually earn today, rather than the higher SAMA benchmark rate.
Frequently Asked Questions
How is FD maturity calculated in Saudi Arabia?
Maturity = P × (1 + r/4)^(4n) for quarterly compounding, where P is the deposit, r the annual rate and n the years. fin·calc uses this standard method.
What is the current FD rate in Saudi Arabia?
As a 2026 reference, fixed-deposit rates are around 2.5% per year, varying by bank and tenure. Mudarabah term deposits ≈ 4–5% expected profit rate. Al Rajhi, Alinma are major Islamic banks.
Is FD interest taxable in Saudi Arabia?
Saudi Arabia levies no personal income tax, so bank deposit interest earned by individuals is not subject to income tax (Saudi/GCC nationals pay Zakat on wealth instead, administered by ZATCA).
Is a fixed deposit safe in Saudi Arabia?
Fixed deposits carry no market risk. In Saudi Arabia, bank deposits are protected by the Depositors Protection Fund (DPF), overseen by SAMA (the Saudi Central Bank), up to SAR 200,000 per depositor, per bank. They trade higher safety for lower long-term returns than equities.
Should I choose a fixed deposit or invest instead in Saudi Arabia?
A fixed deposit gives a guaranteed return and suits money you cannot afford to risk. Investing targets higher long-term growth but can fall in value. Many people keep an FD for safety and invest separately for growth.
What interest rate should I use for a 12-month SAR fixed deposit in Saudi Arabia?
Published bank disclosures show retail 12-month SAR time deposits earning roughly 1% to 3.5% AER, well below SAMA's 4.50% repo rate (raised September 2026). Riyad Bank's own rate sheet (updated January 2026) lists a 12-month, SAR 1,000,000 deposit at 1.02% AER, and SAIB's disclosure (August 2026) shows 0.55% for a similar 12-month deposit. This calculator defaults to 2.5% as a realistic middle estimate for the general population.
Why is the SAMA policy rate different from the rate my bank actually pays?
SAMA's repo rate (4.50% after the September 2026 rise) is the rate at which SAMA lends to banks, not the rate banks pay depositors. Banks set retail deposit rates well below the policy rate to maintain their margins, which is why real disclosures from Riyad Bank and SAIB show 12-month rates closer to 1%.
Do Saudi time deposit rates vary by bank and deposit size?
Yes. Rate sheets from Riyad Bank, SAIB, and Banque Saudi Fransi show rates that scale with both tenor and deposit amount — for example, SAIB's 12-month illustrative rate is 0.55% for SAR 1,000,000, while its 6-month rate is 1.00% for SAR 1,400,000. Larger, negotiated corporate deposits can secure materially higher rates than the published retail examples.
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Sources
Deposit rates are compiled from each country's central-bank publications and the typical offerings of its major banks, reviewed for 2026 and subject to change — always confirm the current rate with your bank before depositing. See our methodology and editorial policy for how we source and update this data.
Additional sources for this page
Riyad Bank (updated 25 January 2026): Prices of Financing and Savings Products disclosure, 12-month AER. The Saudi Investment Bank (reviewed 25 August 2026): Prices of financing and savings products, Murabaha deposit rates by tenor. Argaam (October 2025): SAMA cuts reverse repo, repo rates by 25 bps. See our methodology and editorial policy for how we source and update this data.