Save your money with CIB Savings Account and enjoy a tiered competitive interest rates
You can earn interest on your savings with different interest payment frequencies
Local Currency Savings Account:
- Open EGP account with minimum of EGP 20,000.
Interest frequency payments:
- Daily tiered interest: Starting EGP 100,000 calculated on daily closing balance and credited monthly
- Monthly tiered interest: Starting EGP 50,000 calculated on lowest monthly balance and credited monthly
- Quarterly tiered interest: Starting EGP 20,000 calculated on lowest monthly balance and credited quarterly
- Overdraft facility reaches up to 90% of available balance
Foreign Currency Savings Account:
USD Currency
- Open USD account with minimum of USD 1,000.
Interest frequency payments:
- Daily tiered interest: Starting USD 5,000 calculated on daily closing balance and credited daily
- Monthly tiered interest: Starting USD 5,000 calculated on lowest monthly balance and credited monthly
- Quarterly tiered interest: No minimum balance; calculated on daily closing balance and credited quarterly
GBP and EUR Currencies:
- Open a saving account with minimum of GBP or EUR 1,000 interest is calculated on daily closing balance and credited quarterly to the account.
| Amount/Interest Frequency | Daily | Monthly | Quarterly |
| 20K - 50K | 0% | 0% | 3.50% |
| 50K - 100K | 0% | 3.75% | 4.25% |
| 100K - 200K | 1.00% | 4.00% | 4.50% |
| 200K - 500K | 1.25% | 4.50% | 5.00% |
| 500K - 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
| USD Interest Rates |
| 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% |
| EUR / GBP Interest Rates |
| Tenor | Currency | Interest Rates |
Quarterly | EUR | 0.001% |
| GBP | 0.01% |
N.B.: Payroll monthly Saving Account interest rate is 1% 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)
- Income Proof.
- Proof of permanent residence for foreigners
Fees & Charges
| Banking Service | Annual amount in EGP or its equivalent |
| Account Annual Admin Fees | EGP 100 |
| Bank Statement -Quarterly | EGP 120 |
| Bank Statement - Monthly | EGP 240 |
| Bank Statement - Weekly | EGP 500 |
| Bank Statement -- Daily | EGP 2,500 |
| E-Statement | Free |
*The above fees and charges applies on Individuals only.
For more information about the account opening requirements please call 19666 or visit your nearest CIB branch
Terms and Conditions Apply
