Do you want to save money?
Are you looking to protect yourself & your family's future with a unique insurance plan?
CIB combined both into a one of a kind product that gives you more than just money … introducing the Premium Savers account!
What is the Premium Savers Account?
This is a new savings account offered in EGP and full of exclusive features tailored especially for you, including:
- Interest calculated on your savings with different frequencies (daily, monthly, or quarterly)
- Life and non-life insurance provided by AXA with tailored benefits according to your segment; Prime, Plus, Wealth, or Private
- BONUS Points and other benefits
Premium Savers Account's Benefits Details:
A wide range of life and non-life insurance benefits, as follows:
Insurance Type / coverage Balance /Segment
| Segmented Benefits
|
| Prime | Plus | Wealth and Private |
| ADD (Accidental Death & Disability) | EGP 200,000 | EGP 500,000 | EGP 1M |
| Educational Allowance | EGP 100,000 | EGP 250,000 | EGP 500,000 |
| Accidental Medical | EGP 25,000 | EGP 50,000 | EGP 75,000 |
| Home Insurance | EGP 100,000 | EGP 250,000 | EGP 500,000 |
| Motor Insurance Unique benefit (on Auto Go product) |
- In case of Permanent Partial Disability due to an accident, a percentage of the benefit ceiling is paid, according to each segment (Prime/Plus/Wealth/Private)
- According to insurance coverage terms & conditions
- For coverage, features and claim process please click here
Local Currency Premium Savers account features and Interest calculation:
| Features / Interest Payment Frequency | Daily | Monthly | Quarterly |
| Minimum Amount to open the account | EGP 20,000 | EGP 20,000 | EGP 20,000 |
| Minimum amount to start earning interest | EGP 100,00 | EGP 50,000 | EGP 20,000 |
| How is interest calculated? | Calculated on the daily closing balance Based on the balance available in your account at the end of each day during the month | Calculated on the lowest monthly balance Based on the lowest balance reached in your account during the whole month | Calculated on the lowest monthly balance Based on the lowest balance reached in your account each month during the quarter |
| When is the interest added/credited to the account ? | Interest is credited Monthly Added to your account on the first day of the following month. | Interest is credited Monthly Added to your account on the first day of the following month. | Interest is credited Quarterly Added to your account on the first day of the following calendar quarter |
General Tip:
How to choose the frequency that best suits your needs?
| Daily | Monthly | Quarterly |
| If you need constant access to your funds but also want to benefit from an attractive interest rate | If you can leave your funds untouched for at least one month to get the maximum interest rate | If you can leave your funds untouched for at least one quarter to get the maximum interest rate |
Different interest payment frequencies - daily, monthly, or quarterly:
| Amount/Interest Frequency (EGP) | Daily | Monthly | Quarterly |
| 20,000 - 50,000 | 0.00% | 0.00% | 3.50% |
| 50,000 - 100,000 | 0.00% | 3.75% | 4.25% |
| 100,000 - 200,000 | 1.00% | 4.00% | 4.50% |
| 200,000 - 500,000 | 1.25% | 4.50% | 5.00% |
| 500,000 - 1M | 2.00% | 5.50% | 5.75% |
| 1M - 2M | 4.00% | 6.00% | 6.75% |
| 2M - 5M | 5.00% | 7.50% | 7.50% |
| 5M - 15M | 6.00% | 8.00% | 8.00% |
| 15M- 50M | 7.00% | 8.20% | 8.25.% |
| 50M and above | 7.50% | 8.25% | 8.30% |
*Above rates are effective January 19th,2020.
Additional Benefits:
Benefits & Waivers
| Segmented Benefits
|
| Prime | Plus | Wealth |
| Bonus Points | 2 times monthly interest amount | 4 times monthly interest amount | 6 times monthly interest amount |
| Unsecured Credit Card issuance fees | Free | Free | Free |
| Unsecured Personal Loan Admin Fees | 50% | 50% | 50% |
| Debit Card issuance Fees | Free | Free | Free |
(For New to bank only) Valid until June 2020
Benefits & Waivers
| Segmented Benefits
|
| Private |
| Bonus Points | 6 times monthly interest amount |
| Unsecured Credit Card issuance fees | Free |
| Unsecured Personal Loan Admin Fees | 50% |
| Debit Card issuance Fees | Free |
(For New to bank and Existing Customers) Valid until June 2020
Fees and Charges:
| Fees and charges (EGP) | Prime | Plus | Wealth | Private |
| Annual Premium/Annual Admin Fees | 180 | 240 | 360 | Free
|
| E-Statement | Free
| Free
|
| Bank Statement - Quarterly | 120
| Free |
| Bank Statement - Monthly | 240
| Free |
| Bank Statement - Weekly | 500
| Free |
| Bank Statement -- Daily | 2,500 | Free |
Required Documents:
- A copy of a valid national ID (for Egyptians) or a valid passport (for foreigners)
- Recent original utility bill (electricity or gas)
- Proof of income
- Proof of permanent residence (for foreigners)
For further inquiries, please call us at 19666 or visit your nearest CIB branch.
Terms and conditions apply – The bank has the right to change the interest rates
