4% Annual Profit
Earn 4% annual profit rate on new money deposited in your OnePack account from 1st July 2025 onwards!
The offer is valid from 1 July 2025 to 30 September 2025, inclusive of both dates.
Last update on 26/6/2025
Earn 4% annual profit rate on new money deposited in your OnePack account from 1st July 2025 onwards!
No minimum deposit. No holding period.
Profit on your balance is paid out every month based on monthly average balance.
Monitor your profit, spending, and savings easily from on the meem app.
The campaign is valid from 1 July 2025 to 30 September 2025, both dates inclusive.
The Campaign is exclusively available to meem OnePack account holders who have received official promotional communication from meem via SMS, email, call or mobile app notification.
Eligible customers will earn a promotional profit rate of 4% per annum on the New Deposits made into their OnePack SAR Savings Account during the promotional period. The profit will be calculated based on the principles of Mudarabah.
“New Deposits” refers to fresh funds added to the customer’s savings account that result in an increase in the average monthly balance, compared to the combined end-of-month balance (Savings + Current Account) as of 30 June 2025
If, during any month of the promotional period, the customer does not meet the Qualification Criteria (i.e. no increase in New Deposits), the standard profit rate applicable to the OnePack Savings Account will apply to the balance maintained.
Promotional profit will be calculated and credited within 15 days following the end of each Gregorian calendar month. Profits will be rounded to two decimal places and credited to the customer’s active OnePack Account.
The profit will be calculated and paid in two tranches. The first tranche is the standard profit on the average monthly balance. The second tranche is the promotional 4% profit on new net funds, after deducting the standard profit already paid on those funds.
The Bank reserves the right, at its sole discretion, to amend, suspend, or terminate the campaign or these Terms and Conditions at any time, with 30 days’ prior notice to the customer.
Customers with accounts that are closed, terminated, delinquent, or blacklisted at the time of profit payout will not be eligible for this promotion.
These Terms and Conditions, and any disputes arising from them, shall be governed by the laws of the Kingdom of Saudi Arabia and subject to the exclusive jurisdiction of its courts.
Promotional Profit will be calculated on Incremental Average Balance as per the following formula: Promotional Campaign Profit = Incremental Average Monthly Balance in the Savings Account x 4% x No. of days in the month /360.
Annexure 2: Incremental Eligible Average Balance Calculation Customer having a OnePack account prior to the campaign launch
| Month | July | August | September |
|---|---|---|---|
| Baseline balance (A) (30 June 2025) | SAR 15,000 | SAR 15,000 | SAR 15,000 |
| Average Monthly Savings Balance (B) | SAR 25,000 | SAR 35,000 | SAR 10,000.01 |
| Net New Funds (B-A) | SAR 10,001 | SAR 20,000 | NA |
| Standard Profit for Average Savings Balance (Based on standard Savings Slab) | SAR 10.76 | SAR 15.07 | SAR 4.17 |
| Profit (4% on Net new funds) | SAR 34.44 | SAR 68.89 | SAR 0 |
| Deducted Standard Profit from Promotional Profit | SAR - 4.30 | SAR -8.61 | NA |
| Total Profit in SAR | SAR 40.90 | SAR 75.35 | SAR 4.17 |
The offer is valid from 1 July 2025 to 30 September 2025, inclusive of both dates.
Only customers who have received official promotional communication from meem via SMS, email, phone call, or mobile app notification are eligible.
“Fresh Funds” or “New Deposits” refer to new money added to the customer’s savings account, resulting in an increase in the average monthly balance, compared to the combined end-of-month balance (Savings + Current Account) as of 30 June 2025.
The customer’s total OnePack balance as of 30 June 2025 will be used as the baseline.
The profit will be calculated and paid in two tranches:
• The first tranche is the standard profit on the average monthly balance.
• The second tranche is the promotional 4% profit on net new funds, after deducting the standard profit already paid on those funds
Profits will be paid before the 15th of each month for the balances held during the previous month.
Gulf International Bank - Saudi Arabia, a Saudi Closed Joint Stock company with a capital of SAR (7,500,000,000), Commercial Registration No. (2052001920), Unified Number (7001399042), P.O. Box 93, Al Khobar 31952, Kingdom of Saudi Arabia, Telephone +966 13 866 4000, National Address: 5515 Cooperative Council Road - Al Khuzama Area, Unit No. 54, Al Khobar 34721-8208, Website: https://www.gib.com/ksa/en, Licensed with number: (2007) and is operating under the Saudi Central Bank's control and supervision.
