Grow and protect your savings in Egyptian Pounds
Now more than ever, you need a savings plan you can rely on. With an HSBC non-resident Egyptians Savings Certificate, you can save your money and grow it at 18% per annum, in a safe and secure environment and credit the interest you earn each month directly into your HSBC account.
What you'll get with a Savings Certificate
A rate of 18% per annum
A certificate issued in EGP and in the name of the owner
3 year validity and tax exemption
Interest paid monthly and credited to your current or savings account
Saving Certificate will be funded from a Foreign currency account equivalent to the required amount in Egyptian pounds
Interest and principle will be paid in Egyptian pounds
Full or partial redemption after 6 months of the purchase date subject to relevant penalties
Eligibility for Asset-Linked Finance, an overdraft or a secured HSBC credit card against the certificate
Redemption schedule
| Redemption period | Deduction from contracted interest rate |
|---|---|
| During year 1 | 10% |
| During year 2 |
8% |
| During year 3 |
6% |
| Redemption period | During year 1 |
|---|---|
| Deduction from contracted interest rate |
10% |
| Redemption period |
During year 2 |
| Deduction from contracted interest rate |
8% |
| Redemption period |
During year 3 |
| Deduction from contracted interest rate |
6% |
Full or partial withdrawals are possible after 6 months of payment.
Things you should know
Minimum deposit amount
The minimum deposit amount for an HSBC Savings Certificate is EGP 10,000. Savings Certificates are issued in multiples of EGP 1,000.
Eligibility criteria
Product is offered only to Egyptian Nationals who are residing outside Egypt.
Redemption amount
Partial redemption should be in multiples of EGP 1,000 with a minimum amount of EGP 1,000 to be redeemed per transaction. The remaining value of the certificate should not be less than EGP 10,000 (as a minimum).
Important documents
How to apply
Visit a branch at the country of residency
Download the 'Non-resident Egyptians Savings certificates application form' from our download centre to be filled inside any of HSBC branches in your country of residency.
Email Instructions
If you are a HSBC Premier customer you can apply for the 'Non-resident Egyptians Savings certificates' by e mail instructions from your personal email, for more details please contact your relationship manager.
Visit a branch
Visit your nearest branch in Egypt to speak to us in person.
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