Earn on your eligible average monthly balance.
E-Save account is a Shariah compliant end to end digital savings account, based on the principles of Mudaraba.
The account helps you benefit from profits on your hard earned savings, which you may withdraw anytime you feel like.
Monthly Earnings
Shariah-Compliant
Approved by the Bank’s Shariah Committee.
Digital service
Manage your account anywhere via Internet Banking or SAIB App
No Minimum Balance
Start your savings journey without any minimum deposit condition for account opening.
Key Requirements
to open an E-Save Account
Eligible for profits with a minimum monthly average balance of 5,000.
Registered on internet banking.
Hold a current or salary account with the Bank.
Example of a Fixed-Term Deposit (2 Years)
| Minimum Deposit Amount | Minimum Monthly Average Qualifying Amount to Avail Profits | Equivalent Annual Rate | Number of Withdrawals and Deposits Allowed | Profit Distribution Ratio |
|---|---|---|---|---|
| 0 | 5,000 | 0.10% | Unlimited | 20% - 80% |
FAQs
The profit rate varies based on the market conditions.
No. You can save any desired amount, provided that the minimum monthly average balance does not fall below 5,000 to earn profit
The eligibility to earn profits is on the basis of the average monthly balance for the current month only. In case the required balance is not maintained in a particular month, there will be no calculation for profit in that month.
Yes. You can open multiple E-Save accounts, however, not exceeding total of 5 accounts on cumulative basis, under all products.
The account is created and activated instantly.
*Terms & Conditions apply
Yes, you may instantly transfer upon account activation.
Yes. To open an E-Save account, you need to have an active Current or Salary account with SAIB (You do not have an account? Open your account now online).
Since this is an electronic account, you can only use digital channels to conduct your account operations, such as:
Through the Internet Banking “Flexx Click” or our Mobile Application “Flexx Touch”.
Profit sharing ratio is the percentage of sharing profits between capital provider (Rab-ul-Mal) and a Mudarib (Fund Manager). This is currently set at 20% for Rab-ul-Mal and 80% for Mudarib. However, this may change at any time.