Riyad Bank digital review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Riyad Bank digital is an Islamic easy-access savings account from a Saudi bank, built for customers in Saudi Arabia who want returns without a monthly charge. The headline rate of 0.3% sits far below the site median 3%, and profit needs a minimum daily closing balance of SAR 20,000.
Key facts
- Best for
- A Sharia-compliant easy-access account with no monthly charge for Saudi-based savers.
- Headline rate
- 0.3%↗
- Rate type
- Variable↗
- Term
- 12 to 60 months↗
- Minimum deposit
- SAR 20,000↗
- Access terms
- Islamic Saving Account with returns: instant access through free electronic banking, funds withdrawn any time except same-day deposits (available next day), profits credited monthly, no salary transfer required, minimum daily closing balance SAR 20,000 to earn profit↗
- Monthly fee
- SAR 0↗
- Account kind
- Easy access↗
- Legal entity
- Riyad Bank, Public Shareholding Company (Commercial Register 1010001054)↗
- Headquarters
- Saudi Arabia↗
- Founded
- 1957↗
- Support channels
- Phone, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- riyadbank.com
Loans
- APR
- 3.92% to 4.89%↗
- Loan amount
- SAR 100,000↗
- Credit check
- Hard↗
- Funding time
- instantly↗
- Representative example
- Tawarruq personal loan (government employee): SAR 100,000 at 3.92% APR over 5 years, monthly repayment SAR 1,815.83↗
- Lender type
- Direct lender↗
- Eligibility
- Saudis 18+ (min net salary SAR 3,000 government sector), non-Saudis 22+, pensioners up to age 75, salary transfer to Riyad Bank↗
- Loan types
- Personal, Debt-consolidation, Car, Secured, Student↗
Mortgages
Apps and profiles
- Get the app
- Google Play
Pros and cons
Pros
- Funds can be withdrawn at any time, with profits credited monthly, and no salary transfer is required to hold the balance.
- The account is easy access, so money is not locked into a term.
- Support runs on phone and help centre.
- The bank is supervised by the Saudi Central Bank and has operated since 1957.
Cons
- The headline rate of 0.3% sits below the site median 3%, so the return on offer is small.
- Profit needs a minimum daily closing balance of SAR 20,000, which puts the account out of reach for smaller savers.
- The rate is variable, so the return can move, and support runs on phone and help centre only.
Who it suits
- Customers in Saudi Arabia who want a Sharia-compliant Islamic savings account with easy access.
- Savers who can hold a minimum daily closing balance of SAR 20,000 in the account.
- Savers who do not want a monthly charge and do not need to move their salary to the bank.
Who should look elsewhere
- Wise or bunq if the rate is the priority: their savings headline rates are 3.29% and 3.01%.
- Finteres, where headline rates run 0% to 36%, for anyone who prefers a different market and a wider rate band.
The company behind it
Riyad Bank is a public shareholding company headquartered in Saudi Arabia and operating since 1957. It is supervised by the Saudi Central Bank and holds a Council of Ministers licence recorded as 91. Customer support runs on phone and help centre, which covers phone and help centre rather than chat or email.
How Riyad Bank digital compares
9.3 vs 8.0
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9.3 vs 8.4- 9.3 vs 8.0
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Where Riyad Bank digital is available
- Available
- Saudi Arabia
- Licence in Saudi Arabia
- Saudi Central Bank, checked September 26, 2026
- Licence in Saudi Arabia
- Council of Ministers (Kingdom of Saudi Arabia) (91), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What rate does Riyad Bank digital pay on its savings account?+
The headline rate is 0.3% and the rate type is variable, so the return is not locked in for a fixed term. That figure sits well below the site median 3%, which is the main reason to look elsewhere for a yield.
Are there any fees for holding the account?+
The monthly fee on the savings account is SAR 0, so there is no recurring charge for holding it, and electronic banking comes at no cost either. The only threshold that matters is the minimum daily closing balance of SAR 20,000 needed before any profit is earned.
How do I get my money out of the account?+
The account is easy access, and money can be withdrawn at any time except on same-day deposits, which are available the next day. Profits are credited monthly, and no salary transfer is required, so the balance can be fed from any account.
Who regulates Riyad Bank digital?+
Riyad Bank is a public shareholding company headquartered in Saudi Arabia, supervised by the Saudi Central Bank and holding a Council of Ministers licence, 91. It has operated since 1957, and the savings account sits inside that regulated banking entity.
Who is this savings account for?+
It suits adults in Saudi Arabia who want a Sharia-compliant account that pays a variable return. You need to hold a minimum daily closing balance of SAR 20,000 before profit is credited, and the monthly fee is SAR 0, so the balance threshold matters more than the cost of keeping it.
How do I get help with the account?+
Support runs on phone and help centre, so you can call the bank or work through its help centre. There is no live chat or email address listed for this account, and a salary transfer is not needed to open or use it.
Which of the compared savings accounts pay more?+
bunq pays a headline rate of 3.01% and Wise pays 3.29%, both above the 0.3% here. Finteres runs 0% to 36%, so its band covers a much higher top rate and also much lower ones.
Sources
- riyadbank.com/information-v2/special-pages/arp-disclosure checked September 26, 2026
Backs: APRC, Fixed period, Maximum loan to value, Purpose
“Example of product price for Murabaha Finance - First home buy: Property Value 850,000, Loan to Value Ratio 90%, Fixed, APR 6.90%, Maturity in Years 25”
- riyadbank.com/personal-banking/home-loan/readymade-proper... checked September 26, 2026
Backs: Initial rate, Product fee
“The Annual Term Cost starts from 7.36%”
- riyadbank.com checked September 26, 2026
Backs: Term
“Finance Period (In months) 12 24 36 48 60”
- riyadbank.com/business-pioneers/cards/mada-sme-card checked September 26, 2026
Backs: Card type, Card network
“all Mada cards with a MasterCard logo - Business Banking Mada Card”
- riyadbank.com/en checked September 26, 2026
Backs: Headquarters, Legal entity, Support channels, Licences
“National Address: King Abdullah Financial District (KAFD) Financial Boulevard - Al Aqeeq District - Building No. 3128 - Riyadh, Kingdom of Saudi Arabia”
- riyadbank.com/en/information-v2/special-pages/arp-disclosure checked September 26, 2026
Backs: Headline rate
“Disclosure of Annual Percentage Rate for Islamic Saving Accounts and Wazen Accounts: Monthly Average Balance SAR 20,000 - AER 0.30%”
- riyadbank.com/en/personal-banking/about-us/who-we-are1 checked September 26, 2026
Backs: Founded
“Established in 1957, with a paid-up capital of S..R 40 billion.”
- riyadbank.com/en/personal-banking/islamic-savings-account checked September 26, 2026
Backs: Access terms, Account kind, Minimum deposit, Pricing model, Monthly fee, Rate type
“Instant access to the account through free electronic banking ... Profits are credited at the end of each month ... Anytime, except for funds deposited on the same day, which can be withdrawn on the...”
- riyadbank.com/information-v2/special-pages/arp-disclosure checked September 26, 2026
Backs: Loan amount, APR, Credit check, Representative example
“Finance Amount (SAR) 100,000 - Tawarruq Personal loan for employed customer working in governmental sector”
- riyadbank.com/personal-banking/personal-finance checked September 26, 2026
Backs: Loan types
“Personal Finance: Tawarruq, Finance without Salary Transfer, Education Finance, Online Personal Finance, DAFA'AT Program; Auto-lease Finance; Mortgage Finance; Unify your Liabilities”
- riyadbank.com/personal-banking/personal-finance/tawarruq checked September 26, 2026
Backs: Eligibility, Funding time, Lender type
“Saudis: should be 18 years and above, minimum net salary SAR 3,000; non-Saudis: should be 22 years and above, minimum net salary SAR 5,000; pensioners must not exceed 75 years at the last installment...”
Compiled from 11 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Deposit protection.
Riyad Bank digital
A Sharia-compliant easy-access account with no monthly charge for Saudi-based savers.