With Sanabil Daily savings account, earn daily profits while staying 100% Shariah-compliant
Your profits are calculated daily based on your minimum balance and automatically deposited into your account at 9:00 AM on the next business day.
Benefit from unlimited withdrawals with no frequency restrictions, giving you full access to your funds anytime you need them.
Get your own International Bank Account Number (IBAN) for smooth, secure transfers—whether local or international.
The Sanabil Savings Account follows Islamic banking principles, with all transactions and profit distributions compliant with Shariah guidelines.
Put your salary to work or activate unspent cash in 3 simple steps.
From the main screen, go to "Discover Products", then select "Open a savings account for daily distribution".
Review the benefits Then tap on “create Sanabil daily account”
Top-up SAR 2,500 or more To start earning daily profits
Open an account in seconds, and see your money grow — every single day. *AER (Variable)
Save easily and securely with the Sanabil Savings Account, fully compliant with Shariah principles
As of 2 January 2025
| Level | Balance Threshold (SAR) | Annual Equivalent Rate (AER)* |
|---|---|---|
| 1 | 2,500 - 4,999 | 0.5% |
| 2 | 5,000 - 49,999 | 1.0% |
| 3 | 50,000 - 249,999 | 2.0% |
| 4 | ≥ 250,000 | 2.85% |
*This is the Annual Earnings Rate. Which is the percentage return you can expect to earn over the course of one year.
The cutoff time for balance calculation is 12:00 AM (midnight) every day.
Profit is calculated on the minimum balance maintained in your account between 00:00 and 23:59.
Deposits made before the cutoff time will start earning profit from the same day.
Deposits made after midnight or during weekends/holidays will start earning profit from the next business day.
Profit earned each business day is credited to your account at 9:00 AM the following day.
Your account must maintain a minimum balance of SAR 2,500 throughout the day to earn profit for that day.
