This tiered saving account will help you save. The more you deposit, the more you earn!
Local Currency
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 |
Foreign Currency Savers account:
USD Savers account features and Interest calculation:
| Features / Interest Payment Frequency | Daily | Monthly | Quarterly |
| Minimum Amount to open the account | USD 1,000 | USD 1,000 | USD 1,000 |
| Minimum amount to start earning interest | USD 5,000 | USD 5,000 | No minimum balance |
| 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 daily closing balance Based on the balance available in your account at the end of each day during the quarter. |
| When is the interest added/credited to the account ? | Interest is credited Daily Added to your account | 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 |
EUR and GBP Savers account features and Interest calculation:
| Features / Interest Payment Frequency | Quarterly |
| Minimum amount to
open the account | GBP or EUR 1,000 |
| Minimum amount to
start earning interest | No minimum balance |
| 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 quarter |
| When is interest
added to the account? | 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 |
| 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
Note : Payroll monthly Saving Account interest rate is 2% for monthly balance exceeding EGP 5,000
| 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% |
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 | EGP120 |
| Bank Statement - Monthly | EGP240 |
| Bank Statement - Weekly | EGP500 |
| Bank Statement -- Daily | EGP2,500 |
| 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.
