• Discover the ease of banking on the go

    HSBC Mobile Banking app

  • Download
Close
  • ScreenThumbs 1
  • ScreenThumbs 2
  • ScreenThumbs 3

Apply for a Savings Account

Start saving today for your future needs

An HSBC Savings Account offers you the benefit of earning interest on your credit balances and the flexibility of opening it in any major currency

With an HSBC Savings Account you get:

  • Interest* on your credit balances: interest is calculated monthly and credited at the beginning of every quarter and every month for HSBC Youth Savings Account
  • Choice of currencies: open your account in Egyptian Pounds or any other major currency
  • International debit card and periodic statements
  • Immediate access to your money
  • Free Personal Internet Banking, Mobile Banking and 24-hour Phone Banking services

The following tier-based annual interest rates apply to your EGP Savings Account(s) starting 1 August 2017:

The interest rates below will apply to the entire minimum monthly balance of each customer maintained in the EGP savings account.

The corresponding interest rates from the table below will apply to the minimum monthly balance in EGP Savings account e.g. if the minimum monthly balance is EGP 100,000 then the corresponding interest rate of 9% from the table below will apply to the entire EGP 100,000. Similarly if the minimum monthly balance is EGP 1 million then the corresponding interest rate of 12% from the table below will apply to the entire EGP 1 million deposit.

For HSBC Premier, Advance and Personal Banking Customers:

EGP Savings Account monthly minimum balance Annual interest rate*
Less than EGP 10,000 4%
Starting from EGP 10,000 and less than EGP 100,000 6.50%
Starting from EGP 100,000 and less than EGP 500,000 9.00%
Starting from EGP 500,000 and less than EGP 1 Million 10.00%
EGP 1 Million and above 12.00%

For HSBC Youth Savings Account:

EGP Savings Account monthly minimum balance Annual interest rate*
EGP 10,000 or less 12.00%
More than EGP 10,000 and less than EGP 100,000 6.50%
Starting from EGP 100,000 and less than EGP 500,000 9.00%
Starting from EGP 500,000 and less than EGP 1 Million 10.00%
EGP 1 Million and above 12.00%

Foreign Currency Savings Accounts Annual interest rate*
USD Savings Account 0.20%
GBP Savings Account 0.0025%

*Interest rates are indicative and subject to change at the sole discretion of HSBC Bank Egypt S.A.E.

Account opening fees EGP 30 on a customer level (not per account) and applicable only on Personal Banking customers
Eligibility criteria/Minimum balance (a) Minimum monthly average balance in deposits and/or investments of EGP 10,000, USD 2,000 (or equivalent in foreign currency)
or
(b) Minimum gross monthly salary of EGP 5,000 (or equivalent in foreign currency) transferred to HSBC
Monthly account maintenance fees EGP 7
(deducted on Quarterly basis on a customer level and includes personal finance accounts, dormant accounts and cardholders without an account with HSBC)
Account closing fees NIL
Salary based fixed monthly service charge NIL
Monthly service charge (below minimum balance) EGP 50 or equivalent in other foreign currencies (If the minimum combined average balance is EGP 10,000 or equivalent, including balances in Current / Savings and Term Deposits, no monthly service charge will be applied. If the combined average balance is not maintained, individual account balances and service monthly charges apply. Monthly service charge is not applied on suffix level for payroll/pension accounts and loan/bancassurance settlement accounts)

You need to complete the account opening process by personally visiting any of our branches, with the following documents:

  • Valid National ID or Passport or Military ID for Egyptians
  • Original passport with valid entry visa (for expatriates residents and non-residents)
  • Proof of residence – an electricity bill, telephone bill/ rental contract
  • Proof of employment HR letter for employees and Tax card for self employed
  • Proof of salary as required for applicable facilities

Additional required document for salary based customers:

  • Salary Transfer letter
Ready to apply? Have us call you

*Interest rates are indicative and subject to change at the sole discretion of HSBC Bank Egypt S.A.E.

For General Terms and Conditions click here

For Schedule of Charges click here


Arabic

Apply for a Savings Account

Start saving today for your future needs

An HSBC Savings Account offers you the benefit of earning interest on your credit balances and the flexibility of opening it in any major currency

Overview

With an HSBC Savings Account you get:

  • Interest* on your credit balances: interest is calculated monthly and credited at the beginning of every quarter and every month for HSBC Youth Savings Account
  • Choice of currencies: open your account in Egyptian Pounds or any other major currency
  • International debit card and periodic statements
  • Immediate access to your money
  • Free Personal Internet Banking, Mobile Banking and 24-hour Phone Banking services

The following tier-based annual interest rates apply to your EGP Savings Account(s) starting 1 August 2017:

The interest rates below will apply to the entire minimum monthly balance of each customer maintained in the EGP savings account.

The corresponding interest rates from the table below will apply to the minimum monthly balance in EGP Savings account e.g. if the minimum monthly balance is EGP 100,000 then the corresponding interest rate of 9% from the table below will apply to the entire EGP 100,000. Similarly if the minimum monthly balance is EGP 1 million then the corresponding interest rate of 12% from the table below will apply to the entire EGP 1 million deposit.

For HSBC Premier, Advance and Personal Banking Customers:

EGP Savings Account monthly minimum balance Annual interest rate*
Less than EGP 10,000 4%
Starting from EGP 10,000 and less than EGP 100,000 6.50%
Starting from EGP 100,000 and less than EGP 500,000 9.00%
Starting from EGP 500,000 and less than EGP 1 Million 10.00%
EGP 1 Million and above 12.00%

For HSBC Youth Savings Account:

EGP Savings Account monthly minimum balance Annual interest rate*
EGP 10,000 or less 12.00%
More than EGP 10,000 and less than EGP 100,000 6.50%
Starting from EGP 100,000 and less than EGP 500,000 9.00%
Starting from EGP 500,000 and less than EGP 1 Million 10.00%
EGP 1 Million and above 12.00%

Foreign Currency Savings Accounts Annual interest rate*
USD Savings Account 0.20%
GBP Savings Account 0.0025%

*Interest rates are indicative and subject to change at the sole discretion of HSBC Bank Egypt S.A.E.

Fees & Charges

Account opening fees EGP 30 on a customer level (not per account) and applicable only on Personal Banking customers
Eligibility criteria/Minimum balance (a) Minimum monthly average balance in deposits and/or investments of EGP 10,000, USD 2,000 (or equivalent in foreign currency)
or
(b) Minimum gross monthly salary of EGP 5,000 (or equivalent in foreign currency) transferred to HSBC
Monthly account maintenance fees EGP 7
(deducted on Quarterly basis on a customer level and includes personal finance accounts, dormant accounts and cardholders without an account with HSBC)
Account closing fees NIL
Salary based fixed monthly service charge NIL
Monthly service charge (below minimum balance) EGP 50 or equivalent in other foreign currencies (If the minimum combined average balance is EGP 10,000 or equivalent, including balances in Current / Savings and Term Deposits, no monthly service charge will be applied. If the combined average balance is not maintained, individual account balances and service monthly charges apply. Monthly service charge is not applied on suffix level for payroll/pension accounts and loan/bancassurance settlement accounts)

Required Documents

You need to complete the account opening process by personally visiting any of our branches, with the following documents:

  • Valid National ID or Passport or Military ID for Egyptians
  • Original passport with valid entry visa (for expatriates residents and non-residents)
  • Proof of residence – an electricity bill, telephone bill/ rental contract
  • Proof of employment HR letter for employees and Tax card for self employed
  • Proof of salary as required for applicable facilities

Additional required document for salary based customers:

  • Salary Transfer letter

*Interest rates are indicative and subject to change at the sole discretion of HSBC Bank Egypt S.A.E.

For General Terms and Conditions click here

For Schedule of Charges click here

Ready to apply?

Apply online and our representative will call you back within 60 minutes* to proceed with your request.
 

Have us call you



 

Call us
Every day from 9am to 11pm

19007
within Egypt

+202 3535 9100
outside Egypt

 

or

 

Visit the nearest HSBC branch

 

 

*Our team is available from Sunday to Thursday, 9.30am to 3.30pm.

You are leaving hsbc.com.eg

This link may allow you to access a non - HSBC website. HSBC Bank Egypt S.A.E has no control over the linked website and is not liable for your use of it.

You are leaving hsbc.com.eg

This link may allow you to access a non - HSBC website. HSBC Bank Egypt S.A.E has no control over the linked website and is not liable for your use of it.