CIB>>Personal>>Accounts>>Saving Account

Saving Account

​​​​​​​​Save your money with CIB Saving Account and enjoy a tiered competitive 
interest rate along with a host of other benefits

Interest bearing account for individuals who need to earn interest on their savings across different frequencies.​
 
  • ​Minimum balance to open an EGP saving account is EGP 5,000 with the following interest frequency payments:
    • Daily tiered interest: calculated on daily closing balance and credited monthly, starting from EGP 100,000
    • Monthly tiered interest: calculated on lowest monthly credit balance and credited each month, starting from EGP 10,000
    • Quarterly tiered interest: calculated on lowest monthly credit balance credited quarterly, starting from EGP 10,000
    • Overdraft facility reaches up to 90% of available balance
 
  • Minimum balance to open a USD saving account is USD 1,000 with the following interest frequency payments:
    • Daily tiered interest: calculated on daily closing balance and credited daily, starting from USD 5,000
    • Monthly tiered interest: calculated on lowest monthly credit balance and credited monthly, starting from USD 5,000 ​​
    • Quarterly tiered interest: calculated on daily closing balance and credited quarterly
 
  • As for GBP and EUR currencies, minimum balance to open a saving account is 1,000 and interest is calculated on daily closing balance and credited quarterly to the account.
 
  • Cash withdraw upon demand by a withdrawal form over the counter (with the same account currency or its equivalent), or through our vast network of more than 600 ATMs across Egypt.
For detailed information on Saving Accounts Rates and Benefits, click here.​ 

 Interest Rates
  

Saving Account Interest Rates in EGP

Effective January 1st 2017

TenorInterest Payment amountInterest Rates


Daily
0 - Below 100K 0.00%
 Above 100K -  Below 250K6.75%
 From 250K - Below 1M8.00%
1M and above ​9.50%


 

Monthly

0 - Below 10K0.00%
 10K - Below 100K7.75%
​100K - Below 500K​8.75%
​500K - Below 2M​10.00%
​2M and Above ​11.25%


 

Quarterly

 0 - Below 10K0.00%
 10K - Below 100K8.25%
100K - Below 500K​​10.00%
500K - Below 2M​​11.50%
​2M and Above ​12.50%​
Saving Account Interest Rates in USD
TenorInterest Payment amountInterest Rates


Daily
 Less than 5K0.00%
 5K to 100K0.50%
 Above 100K0.75%


Monthly
 Less than 5K0.00%
5K to 100K0.60%
Above 100K0.85%

Quarterly
Up to 100K0.70%
 Above 100K1.00%

 
​ ​ ​ ​​​​Saving Account Interest Rat​es in EUR / GBP
TenorCurrency Interest Rates​

Quarterly​​ ​
​EUR​0.001%
​GBP​0.01%​
 
Required Documents
 
  • Copy of valid National ID or valid passport for foreigners
  • Recent original utility bill (electricity or gas)
  • Document proves source of income
  • Document proves the permanent address for foreigners

For more information about account opening requirements please call 19666 or visit your nearest CIB branch


 Terms and Conditions Apply. click here​