The National Bank announced the launch of a set of savings accounts that allow customers flexible flexibility in withdrawals and deposits without restrictions on the minimum or maximum amounts, where the account can be opened with an amount starting from 3000 pounds with the calculation of the return starting from the balance of 3001 pounds. These accounts come within the bank’s efforts to provide flexible financial solutions that suit different categories of customers in a way that supports saving strategies and improves financial inclusion, especially in light of the economic changes that require tools. A banking provides easy access to money with a suitable interest.
Ordinary savings account
Table of Contents
The National Bank provides the regular savings account, starting from a 3000 pounds deposit, provided that the return of the return begins when the balance reaches 3001 pounds. The account can be opened for Egyptian and foreign citizens as well as for the palace through a guardian or within a gift and provides the account flexibility in the exchange of returns, in addition to access to banking services electronically. The account can also be opened jointly and the customer is granted a direct discount card to use it in withdrawals and purchases.
The required documents
It includes a copy of the national ID card or passport, in addition to a birth certificate in the case of the palace accounts.
Return ratios
The return is calculated as follows:
- 12.30 % at monthly exchange.
- 12.35 % if he is disbursed every three months.
- While it reaches 12.40% if it is spent semi -annual.
- It rises to 12.50% at the annual exchange.
Future savings account
The National Bank provides an account of saving the future without a minimum to open the account, but the reckoning of the return begins when the balance reaches 3001 pounds, the account is available to individuals from the age of 16 years and more without a maximum age.
The required documents
It only requires submitting a national ID card or a valid passport.
Return rates
Below are the different return rates for the savings account:
- When spending a monthly 8.50%
- When spending every three months 8.60%
- In the case of exchange twice a year 8.65%
- When spending annually 8.75%
Advantages of the account
- The maximum balance is 500,000 pounds.
- Daily discount operations can be performed up to 30,000 pounds and a month with a maximum of 100,000 pounds.
- The account includes free insurance coverage of life starting from the following month to activate it.
Pension provision account
A account of providing a pension from the National Bank is for Egyptian citizens only, and it is required to open it to deposit an amount of no less than 5000 pounds, while the reckoning of the return begins at a balance of 1000 pounds or more.
The rate of return
A monthly return is provided by 12.50%.
Advantages of the account
- It can be used to convert the monthly pension directly.
- The maximum balance is either one million pounds or the end of service bonus, whichever is less.
- It includes various electronic services in addition to a direct discount card that allows withdrawal and purchase easily.
The small savings account account
The small savings account account is one of the accounts allocated to Egyptians, including the palace under guardianship or flame and can be opened with a deposit of at least 1,000 pounds, with the return of the return starting from the balance of 3001 pounds.
Annual return
It reaches 9.75% on the first slides, and varies according to the balance according to the following division:
- From 3001 to 30,000 pounds 9.75%
- From 30,001 to 50,000 pounds 8.75%
- From 50,001 to 100,000 pounds 8%
- More than 100,000 pounds 7.50%
Advantages of the account
- The possibility of opening it as a joint account.
- It provides a relatively high return for small balances.
- It includes digital banking services, with a direct discount card used in purchases and withdrawals.
