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 in addition to free insurance benefits on EGP saving accounts.
- 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
Free insurance benefits
The above insurance features are completely free for CIB Save and Safe clients.
- 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.
Interest Rates
Saving
Account Interest Rates in EGP Effective June 13th 2018 |
| Tenor | Interest Payment
amount | Interest Rates |
Daily | 0 - Below 100K | 0.00% |
| Above 100K - Below 250K | 3.00% |
| From 250K - Below 1M | 4.00% |
| From 1M - Below 2M | 7.00% |
| From 2M - Below 5M | 8.50% |
| 5M and above | 9.25% |
Monthly* | 0 - Below 10K | 0.00% |
| 10K - Below 100K | 6.50% |
| 100K - Below 500K | 7.00% |
| 500K - Below 2M | 8.25% |
| 2M - Below 5M | 10.50% |
| 5M and above | 11.00% |
Quarterly | 0 - Below 10K | 0.00% |
| 10K - Below 100K | 7.25% |
| 100K - Below 500K | 8.25% |
| 500K - Below 2M | 10.00% |
| 2M and Above | 12.00% |
| Saving Account
Interest Rates in USD |
| Tenor | Interest Payment
amount | Interest Rates |
Daily | Less than 5K | 0.00% |
| 5K to 100K | 0.125% |
| Above 100K | 0.200% |
Monthly | Less than 5K | 0.00% |
| 5K to 100K | 0.250% |
| Above 100K | 0.350% |
Quarterly | Up to 100K | 0.450% |
| Above 100K | 0.550% |
| Saving Account Interest Rates in EUR / GBP |
| Tenor | Currency | Interest Rates |
Quarterly | EUR | 0.001% |
| GBP | 0.01% |
*Payroll monthly Saving Account interest rate is 2% for monthly balance exceeding EGP 5,000
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
Fees & Charges
| Banking Service | Annual amount in EGP or its equivalent |
| Account Annual Admin Fees | EGP 100 |
| Bank Statement -Quarterly | EGP 90 |
| Bank Statement - Monthly | EGP 175 |
| Bank Statement - Weekly | EGP 250 |
| Bank Statement -- Daily | EGP 400 |
| E-Statement | Free |
For more information about the account opening requirements please call 19666 or visit your nearest CIB branch
Terms and Conditions Apply
