[ad_1]
I wrote – Manal Al-Masry:
Several banks will begin, today Thursday, for a period of two weeks, to allow the opening of savings accounts to clients free of charge, exempt from administrative fees, and without a maximum account opening limit for new clients, and in the form of national number only for a period of two weeks, to participate in the initiative of the Central Bank on Savings Day to spread financial inclusion.
Banking services provided to customers for free in financial inclusion activities include the issuance of direct and prepaid debit cards with no fees, as well as the issuance of electronic wallets for free.
Two years ago, the central bank decided to establish four financial inclusion activities throughout the year aimed at motivating banks to open savings accounts for new customers free of charge and without administrative costs, and to issue electronic wallets in order to stimulate the greatest number of groups in society to face formal banking.
Masrawy provides all the details of savings accounts for clients and youth in the 4 most widespread government banks, which are Al-Ahly of Egypt, the Agricultural Bank of Egypt, Cairo and Egypt.
First national bank:
Standard savings account:
The first tranche from £ 3001 to £ 5,000: the interest ranges between 3% per annum on the monthly profitability, 3.05% per annum on the quarterly profitability, 3.10% per annum on the semi-annual profitability and 3.20% on annual profitability.
The second tranche from £ 5,001 to £ 100,000: interest ranges from 4% per annum on the monthly profitability, 4.05% per annum on the quarterly profitability, 4.10% per annum on the semi-annual profitability and 4.20% on annual profitability.
The third tranche from 100,000 pounds to half a million pounds: the interest ranges between 4.5% per year on the monthly return, 4.6% per year on the quarterly return, 4.65% per year on the semi-annual return and the 4.75% on the annual profitability.
The fourth tranche is for more than half a million pounds: the interest ranges between 4.75% per annum on the monthly profitability, 4.85% per annum on the quarterly profitability, 5% per annum on the semi-annual profitability and 5, 25% per annum on the annual profitability.
The bank exempts new customers from the minimum restrictions to open a regular savings account, which is a thousand pounds.
The minimum balance for calculating interest starts at £ 3,000, and without that, no interest is charged.
– Savings account for the future (for young people)
The bank divides the account into 3 graduated segments, varying between them the interest calculating the value of each segment, and the interest ranges between: 4.75% for monthly profitability, 4.8% per annum for quarterly profitability, 4.85 % for semi-annual profitability and 5% for annual profitability.
Who is eligible to open an account: Clients aged 16 to 50.
Required papers: copy of ID or passport.
The minimum balance for the calculation of interest: greater than 3,000 pounds, and without that, no interest will be charged.
Second – Egyptian Agricultural Bank:
The Agricultural Bank of Egypt is unique in providing the highest return on savings accounts and enjoys commensurate benefits at all tiers and categories in terms of duration and value, as outlined below:
Interest rate: 8% per year, and interest is paid every 3 months, which is the highest interest in the banking system on savings accounts.
Allows a free prepaid card and debit card for new customers at no charge.
Third – Banque Misr:
Interest details on the regular savings account divided into 5 segments at Banque Misr include the following:
– The first tranche starts from 1500 pounds to 5,000 pounds: the interest on it decreased to 3% per year for the periodic exchange of the monthly profitability, to 3.25% per year for the quarterly interest disbursement period, to 3.375% per annum for the semi-annual interest exchange period and at 3.5% per annum for the periodic exchange. Annual return.
– The second tranche from 5,000 pounds to 50,000 pounds: interest decreased to 3.25% per year due to the periodic exchange of the monthly profitability, to 3.5% per year for the quarterly interest disbursement period, to 3.625% per year for the semiannual interest disbursement period and at 3.75% per annum for the periodic exchange. Annual return.
– The third tranche starts from 50 thousand pounds to 250 thousand pounds: the interest decreased to 3.75% per year for the periodic payment of the monthly profitability, to 4% per year for the quarterly interest disbursement period, to 4.125% per year for the semiannual interest payment period and at 4.25% per annum for the periodic period. Annual return change.
– The fourth tranche from 250 thousand pounds to 500 thousand pounds: the interest on it decreased to 4.25% per year due to the periodic exchange of monthly interest, to 4.5% per year for the quarterly interest disbursement period, to 4.625% per year for the semiannual interest payment period and at 4.75% per annum for the exchange period. Annual return.
– The fifth tranche of more than 500 thousand pounds: interest decreased to 4.75% per annum due to the periodic exchange of the monthly profitability, to 5% per annum for the quarterly interest disbursement period, to 5.125% per annum for the disbursement period of semiannual interest and at 5.25% per annum for the annual interest exchange period.
The bank exempts new customers from the minimum limit restrictions to open the specified savings account of 1500 pounds.
Youth Savings Account:
Customer age: 16 to 30 years above this age will be transferred to the regular account.
From EGP 500 to EGP 20,000: Interest ranges from 4.75% per annum for the monthly yield, 5% per annum for the quarterly yield, 5.125% per annum for the semi-annual yield, and 5.25% per annum for the annual yield. .
And more than 20 thousand pounds is calculated as a regular savings account.
Fourth – Banque du Caire:
The account is available for regular customers and young people, but the guardianship of a parent is required in case the young person is under 21 years old:
Banque du Caire divides the savings account into 4 segments, including interest according to the size of each segment and the periodicity of repayment.
The minimum limit to open an account of 5,000 pounds is canceled for new clients only on financial inclusion days.
Any return of less than 5,000 pounds is not charged to the account.
– The first tranche from 5,000 pounds to 100,000 pounds: the interest ranges between 3.25% per year for the monthly return, 3.4% per year for the quarterly return, 3.5% per year for the semi-annual return and 3.6% for annual profitability.
– The second tranche from 100 thousand pounds to one million pounds: interest ranges between 3.4% per year for the monthly return, 3.5% per year for the quarterly return, 3.6% for the semi-annual return and 3.75 % for annual profitability.
– The third tranche from one million pounds to two million pounds: the interest ranges from 4.5% per annum for the monthly profitability, 4.75% per annum for the quarterly profitability, 5% per annum for the semi-annual profitability and 5.25% for annual profitability.
– The fourth tranche of two million pounds for more: the interest ranges between 7% per annum for the monthly profitability, 7.25% per annum for the quarterly profitability, 7.5% per annum for the semi-annual profitability and 7, 75% for annual profitability.
