Save smarter! Reach your goals faster

The Smart Saver Account is a Shariah-compliant savings solution that helps you save and grow your money effortlessly. It offers features like Round-Up Savings and Auto-Save, along with competitive profit-sharing

Unlike the current account, the Smart Saver Account earns you profits on balances above 10,000 SAR, allowing your money to grow over time. It also comes with innovative features to help you save more efficiently.

Yes, the account operates under the principles of Mudarabah, where profits are shared between the customer and the bank based on a pre-agreed ratio.

The Save Smart Account is based on the Mudarabah principle, a Shariah-compliant partnership where:

• Customer (Rabb-ul-Mal): Provides funds for investment.

• Bank (Mudarib): Manages and invests the funds in approved Sharia-compliant ventures.

Profits are shared between the customer and the bank based on a pre-agreed ratio (e.g., 70:30 for certain balances).

Profits are calculated daily based on your balance and credited to your account on the 1st day of the following month. Only balances above 10,000 SAR are eligible for the profit calculation.

If your balance drops below 10,000 SAR during the month, you won’t earn profits for the days your balance remains below this threshold. You’ll be notified so you can add funds to maintain eligibility.

Profits are credited to your account on the 1st day of every month for the previous month’s earnings.

You can view daily accrued profits on your account dashboard and receive a detailed monthly profit statement showing your total earnings and calculation breakdown.

Round-Up Savings automatically rounds up every transaction to the nearest SAR (or your chosen increment, e.g., 1 SAR, 5 SAR ) and transfers the difference to your savings account. This helps you save effortlessly with every purchase.

Yes, you can personalize features like Round-Up increments and Recurring transfers. These settings can be adjusted anytime through the app.

Yes, you can withdraw funds at any time. However, withdrawals that reduce your balance below 10,000 SAR may impact your profit eligibility for that month.

Absolutely! You can personalize your account name (e.g., "Vacation Fund" or "Emergency Savings") in the app to align with your financial goals.

You can view and download detailed monthly account statements, including profit earnings and transactions, directly from the app.

You can open a Smart Saver Account instantly through the STC Bank app. Simply log in, select "Smart Saver Account," and follow the enrollment steps.

If you have any additional questions or need assistance, you can contact our customer support team via the app.