Saving accounts
saib savings accounts will help you in your future plans...Enjoy the benefits applied to the Egyptian pound and Dollar accounts
- Savings account in EGP
- Saytara Plus savings account
- Young account - young
- Savings account in USD
How to calculate return
- The return is calculated starting from the deposit value date, depending on the currency type.
- The date the return is added is the end date of the return payment cycle.
- The return type is fixed.
The return is calculated based on the daily balance due in your account/minimum balance during the month/other:
For fixed-income accounts Example:
Assuming the following:
1. Minimum balance during the year is EGP 100,000.
2. Fixed return rate is 5%.
- Return payment frequency is annual. Annual return calculation: EGP 100,000 x EGP 5 = EGP 5,000.
For variable-income accounts Example: Assuming the following:
1. Minimum balance during the year is EGP 100,000.
2. Reference return rate is 15%.
- Pricing margin set by the bank is 1.5%.
Annual return calculation: EGP 100,000 (EGP x EGP 15 – 1.5%) = EGP 13.500.
Please note that when the reference rate changes, the new interest rate will be applied after adding the interest due to the customer's account for the current disbursement period, in accordance with the terms of the contract between the customer and the bank.
Saytara Plus
“Saytara Plus” savings account ...
Annual interest rate up to 22%
FEATURES AND BENEFITS
- Available for individual customers Only.
- Minimum opening balance is 20,000 EGP.
- Minimum threshold to earn interest is 15,000 EGP.
- Increasing competitive interest rate based on account balance on monthly or annually basis.
- Interest will be Calculated based on minimum balance during the month.
- Convenient access to your money with your debit card.
- Allows you to deposit and withdraw cash at any time from any branch or through ATM.
- Ability to access your account via the internet banking service.
*The minimum balance of the account is 20,000 EGP throughout the month to avoid applying the minimum balance dropdown fees along with applying other fees related to saving account.
|
Tiers/Interest Frequency |
Monthly |
Annually |
|
From 15 thousand to less than 500 thousand |
16.75% |
18% |
|
From 500 thousand to less than 1 million |
17.75% |
19% |
|
From 1 million to less than 2 million |
17.75% |
19% |
|
From 2 million to less than 5 million |
17.75% |
19.50% |
|
From 5 million to less than 10 million |
18.75% |
20% |
|
From 10 million to less than 15 million |
19% |
20.50% |
|
From 15 million to less than 20 million |
19.25% |
21% |
|
From 20 million to less than 50 million |
19.50% |
21.50% |
|
More than 50 million |
20% |
22% |
Saving accounts in EGP
Save your money with Tiered saving account and enjoy the higher interest rate when you increase your balance …
FEATURES AND BENEFITS
- Available for individual customers Only.
- Minimum opening balance is 10,000 EGP.
- Minimum threshold to earn interest is 10,000 EGP.
- Tiered completive interest rate based on account balance credit to the account on Monthly or Quarterly basis (depends on your choice).
- Interest Calculated based on minimum balance during the month.
- Convenient access to your money with your debit card
- Allows you to deposit and withdraw cash at any time from any branch or through our ATM.
- Ability to access your account via the internet banking service
* Make sure to keep your account balance above EGP 10,000 throughout the month to avoid a monthly fee.
Youth Account - YOUNG
Within the framework of the Bank's strategy to support and achieve the concept of financial inclusion among all categories, saib is now pleased to announce the New account for Youth under the name “Young” as an incentive to attract the segment age of 15 to 25 years
FEATURES AND BENEFITS
- Available for individual customers Only.
- Only with your Egyptian National ID or Passport.
- Free maintenance Fees for the first year.
- Only 500 EGP is the minimum amount for the account opening.
- Free Account opening Fees.
- Special account interest rate (calculated from the first pound deposited in the account).
- Enjoy saib Wallet app for Free, which enables you to pay your bills and transfer your money anytime, anywhere.
- Get saib Payband for Free, the new and modern method of electronic payment which is also one of the contactless payment methods to keep pace with the technology of payments.
- Get saib Internet Banking service subscription for Free to carry out your banking transactions while you are in your place.
- Enjoy the Rewards program and earn points for all purchases through the Pay with Rewards app.
- Get a saib Prepaid Card for Free.
- Obtaining Debit cards, which are widely accepted in all stores, points of sale and ATMs locally and internationally.
- Enjoy 50% discount on the administrative fees granted once for your first personal loan.
|
Tenor |
monthly interest rate |
|
Less than 500 thousand EGP |
12.00% |
|
From 500 thousand To 1 Million EGP |
8.00% |
|
More than 1 Million EGP |
4.00% |
Saving account in USD
Do you have Savings in US Dollars?
Are you searching for competitive interest rates?
Now you can increase your investments through saib saving account in US Dollars.
FEATURES AND BENEFITS
- Available for individual customers Only.
- Competitive interest rate with different interest payouts based on your choice (Daily, Monthly and Quarterly).
- Interest Calculated based on minimum balance during the month if you choose the monthly or the quarterly interest pay out; while if you choose the daily interest pay out the interest will be calculated on the end of day balance.
- Ability to access your account via the internet banking service.
- Competitive annual return with multiple payment cycles (daily, monthly, quarterly) of up to 1.05% according to the client’s request.
* Make sure to keep your account balance above the equivalent of EGP 5,000 throughout the month to avoid a monthly fee.
