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Features
- Minimum Amount to open the account: No minimum amount.
- Minimum Balance to calculated profit: 50,000 EGP.
- Variable Profit Rate up to 15%.
- Target Segment: individuals/Corporate.
- Account currency: EGP.
- Profit payment frequency: calculate the profit daily and pay it end of Month.
- Issuing Bank Statement every Quarter.
- Cheque book could be issued.
- Account could be opened and accessed through internet banking.
- Profit is calculated based on the account tier.
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Required Documents
- Valid National ID (for Egyptians).
- Valid passport (for foreigners).
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Account Tiers & Variable Profit Rate
Account balance
Variable profit rate
From EGP 50k to less than 250k
6%
From EGP 250k to less than EGP 500k
7%
From EGP 500k to less than EGP 1MN
8%
From EGP 1MN to less than EGP 3MN
9%
From EGP 3MN to less than EGP 5MN
10%
5MN less than 10MN
11%
From EGP 10MN to less than EGP 20MN
12.50%
From EGP 20MN to less than EGP 30MN
14%
From EGP 30MN & above
15%
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