CIB>>Personal>>Accounts>>Savers Account

Savers Account

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​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 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

 
 
 Foreign Currency Savers account:
 
USD Savers account features and Interest calculation:
 
Features / Interest  Payment FrequencyDaily ​Monthly ​Quarterly
Minimum Amount to open the account USD 1,000USD 1,000USD 1,000
Minimum amount to start earning interest USD 5,000​USD 5,000No 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 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


 

EGP Interest Rates​

 

​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 - 2M4.00%​6.00%​6.75%
2M - 5M5.00%7.50%7.50%
5M - 15M6.00%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
TenorInterest Payment amountInterest Rates


Daily
 Less than 5K0.00%
 5K to 100K0.125%
 Above 100K0.200%


Monthly
 Less than 5K0.00%
5K to 100K0.250%
Above 100K0.350%

Quarterly
Up to 100K0.450%
 Above 100K0.550%​
EUR / GBP​​​​​​​ Interest Rat​es
TenorCurrency 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 ServiceAnnual amount in EGP or its equivalent
Account Annual Admin FeesEGP 100 
Bank Statement -Quarterly EGP120
Bank Statement - MonthlyEGP240
Bank Statement - WeeklyEGP500
Bank Statement -- DailyEGP2,500
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