| Minimum Balance Required | Annual Return | Features | |
|---|---|---|---|
EGBank - Step Up Account
|
Minimum Balance Required: EGP 0 | Annual Return: 0% | Features: Multiple Currencies |
Features:
- Interest bearing account
- Interest is calculated on the lowest balance per month & is paid monthly or quarterly
- Account is tier based, the higher the balance the higher the interest
- Offered to individuals only
- Accessibility to your accounts 24/7 through EGBANK ATMs or any 123 ATM locally and internationally
Required Documents:
Salaried client:
- Valid National ID
- Recent utility bill (maximum three months)
Self Employed Client:
- Valid National ID
- Recent utility bill (maximum three months)
Non-Egyptian Client:
- Valid Passport with country entry visa
- Recent utility bill (maximum three months)
- Residency / Work permit
| Interest Rates Per Tenor | ||
|---|---|---|
| Tiers/Interest Payment Frequency | MONTHLY | QUARTERLY |
| 2K:10K | 5.50% | 5.75% |
| 10K:50K | 6.00% | 6.25% |
| 50K:100K | 6.50% | 6.75% |
| 100K:500K | 7.00% | 7.25% |
| 500K- 1 Million | 7.50% | 7.75% |
| 1 Million - 5 Million | 8.50% | 9.00% |
| 5 Million & above | 10.00% | 10.50% |
