Minimum Balance Required Annual Return Features
Alex Bank - Tawfeer Plus Alex Bank - Tawfeer Plus Minimum Balance Required: EGP 1,000 Annual Return: 0% Features: No Salary Transfer, Free cards
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Open “Tawfeer Plus” Account from ALEXBANK and enjoy a wide set of features & benefits:

  • For individuals only
  • Up to a 12.5% annual interest rate credited to your saving account monthly
  • Free life insurance coverage up to EGP150,000
  • The possibility to increase the insurance coverage amount up to EGP 500,000
  • Minimum account opening balance of EGP 1,000
  • Interest Rate increases based on tiers
  • Interest is calculated on the minimum balance during the month
  • Ability to issue a Debit Card

  • Minimum age to open a Saving Account is 21 years
  • Ability to open an account for a minor under the authority of his/her guardian until the minor reaches the age of 21
  • Ability to open an account for a working minor at the age of sixteen or older
  • Ability to open a joint account
Required Documents:
A copy of your national ID or passport