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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


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
PrimePlusWealth and Private
ADD (Accidental Death & Disability)EGP 200,000EGP 500,000EGP 1M
Educational Allowance EGP 100,000EGP 250,000EGP 500,000
Accidental MedicalEGP 25,000EGP 50,000EGP 75,000
Home InsuranceEGP 100,000EGP 250,000EGP 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 FrequencyDaily ​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 rateIf you can leave your funds untouched for at least one month to get the maximum interest rateIf 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)DailyMonthlyQuarterly
20,000 - 50,0000.00%0.00%3.50%
50,000 - 100,0000.00%3.75%4.25%
100,000 - 200,0001.00%4.00%4.50%
200,000 - 500,0001.25%4.50%5.00%
500,000 - 1M2.00%5.50%5.75%
1M - 2M4.00%6.00%6.75%
2M - 5M5.00%7.50%7.50%
5M - 15M6.00%8.00%8.00%
15M- 50M7.00%8.20%8.25.%
50M and above7.50%8.25%8.30%

*Above rates are effective January 19th,2020.

Fees and Charges:

Fees and charges (EGP)PrimePlusWealthPrivate
Annual Premium/Annual Admin Fees180240360​Free
E-StatementFree ​
​Free
Bank Statement - Quarterly120 ​
​Free
Bank Statement - Monthly240 ​
​Free
Bank Statement - Weekly500​
Free​
Bank Statement -- Daily2,500​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

For terms and conditions, click here