Day today account for Entities
Experience the benefits of daily interest payouts tailored to meet your business needs, offering daily interest based on your available balance.
Product’s features & Benefits:
- The minimum amount for opening the account is EGP 20,000
- Interest is calculated and credited on a daily basis based on the available balances by trenches
- Cheque book is available upon request
- Account opening in Egyptian currency only
Required documents
- Account Opening form
- 2 Signature Cards
- Copy of valid National ID, or Passport for foreign residents (original should be seen)
- Recent Commercial Register
- Valid Tax Card
- NID for partners and shareholders own shares equal or more than 10%
* Additional documents may be required
For Terms and Conditions click here: https://www.aaib.com/pdfs/account-opening-arabic-booklet-corporate.pdf
Interest Rates
Entities
| Tier | Interest rate |
|---|---|
| 0 to 249,999 | 0.00% |
| 250,000 to 999,999 | 16.25% |
| 1MN to 4,999,999 | 17.25% |
| 5MN to 14,999,999 | 18.00% |
| 15MN to 49,999,999 | 19.00% |
| 50MN to 149,999,999 | 20.50% |
| 150MN & above | 22.50% |