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Saving Account

MIDBANK offers a various bundle of saving accounts, with multiple options and various payment methods which best suit all your needs. You can deposit your savings to enjoy competitive periodic interest rate up to 8.75%, with the flexibility of earning interest on your balance whether on monthly, quarterly, or yearly basis, and the possibility of withdrawing and depositing anytime.

Benefits:

  • Available for both new and existing clients.
  • Available for individuals and minors – whether they’re Egyptians or expatriates.
  • Interest is credited to the account according to the payment frequency.
  • Minimum amount to earn interest: EGP 5,000.
  • Availability to issue a debit card.
  • The possibility to place standing instructions to your direct debit from your savings account.
  • It’s not possible to issue chequebook.

 

Savings account in Egyptian pounds

Balance

Monthly

Quarterly

Annual

From 5,000 to 100,000

2.75%

3.25%

3.75%

From 100,001 to 250,000

4.25%

5.25%

6.80%

From 250,001 to 500,000

4.75%

5.75%

6.85%

From 500,001 to 1,000,000

5.00%

6.00%

6.90%

1,000,000 +

5.75%

6.75%

8.75%

Interest payment frequency

Monthly

Quarterly

Annual

Interest calculation based on

Minimum balance during the month

Minimum balance for each month

Minimum balance for each month

Required Documents:

  • Copy of ID for Egyptians or a valid passport for expatriates
  • For Egyptians: Proof of residence; a recent electricity bill or gas bill
  • For expatriates: Proof of residence; tenancy contract issued or authenticated by a governmental or public entity
  • Proof of salary as required for applicable facilities

 

Terms & Conditions Apply

For more information, contact us by phone at 19189 or visit your nearest branch to speak to us in person.