Start saving today for your future needs

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

What you'll get with our Savings Account

  • Interest1 on your credit balances, which is calculated monthly and credited at the beginning of every quarter and every month for our HSBC Youth Savings account
  • Choice of currencies: open your account in EGP or any other major currency
  • International debit card and periodic statements
  • Immediate access to your money
  • Free online banking, mobile banking and 24-hour phone banking services

Annual interest rates

The following tier-based annual interest rates apply to your EGP savings account(s) starting 01 October 2019.

The interest rates below will apply to the entire minimum monthly balance. For example, if the minimum monthly balance is EGP 100,000 then the corresponding interest rate of 4.5% 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 8.5% from the table below will apply to the entire EGP 1 million deposit.

Annual interest rates for Premier, Advance and Personal Banking customers
EGP savings account monthly minimum balance
Annual interest rate1
Less than EGP 10,000
1.25%
Starting from EGP 10,000 and less than EGP 100,000
2.25%
Starting from EGP 100,000 and less than EGP 500,000
4.50%
Starting from EGP 500,000 and less than EGP 1 million
6.50%
Starting from EGP 1 million and less than EGP 5 million
8.50%
EGP 5 million and above
9.50%
Annual interest rates for Premier, Advance and Personal Banking customers
EGP savings account monthly minimum balance
Less than EGP 10,000
Annual interest rate1
1.25%
EGP savings account monthly minimum balance
Starting from EGP 10,000 and less than EGP 100,000
Annual interest rate1
2.25%
EGP savings account monthly minimum balance
Starting from EGP 100,000 and less than EGP 500,000
Annual interest rate1
4.50%
EGP savings account monthly minimum balance
Starting from EGP 500,000 and less than EGP 1 million
Annual interest rate1
6.50%
EGP savings account monthly minimum balance
Starting from EGP 1 million and less than EGP 5 million
Annual interest rate1
8.50%
EGP savings account monthly minimum balance
EGP 5 million and above
Annual interest rate1
9.50%
Annual interest rates for Youth Savings Account
EGP savings account monthly minimum balance
Annual interest rate1
EGP 10,000 or less
9.50%
More than EGP 10,000 and less than EGP 100,000
2.25%
Starting from EGP 100,000 and less than EGP 500,000
4.50%
Starting from EGP 500,000 and less than EGP 1 million
6.50%
EGP 1 million and above
8.50%
Annual interest rates for Youth Savings Account
EGP savings account monthly minimum balance
EGP 10,000 or less
Annual interest rate1
9.50%
EGP savings account monthly minimum balance
More than EGP 10,000 and less than EGP 100,000
Annual interest rate1
2.25%
EGP savings account monthly minimum balance
Starting from EGP 100,000 and less than EGP 500,000
Annual interest rate1
4.50%
EGP savings account monthly minimum balance
Starting from EGP 500,000 and less than EGP 1 million
Annual interest rate1
6.50%
EGP savings account monthly minimum balance
EGP 1 million and above
Annual interest rate1
8.50%
Annual interest rates for a foreign currency Savings Account
Foreign currency
Annual interest rate1
USD Savings Account
0.20%
GBP Savings Account
0.0025%
Annual interest rates for a foreign currency Savings Account
Foreign currency
USD Savings Account
Annual interest rate1
0.20%
Foreign currency
GBP Savings Account
Annual interest rate1
0.0025%

Fees and charges

Account fees and charges in EGP
Reason for fee Amount in EGP or foreign currency equivalent
Personal banking customer account opening fees EGP 30  per customer, not per account
Monthly account fee EGP 10 deducted on a quarterly basis (includes personal finance accounts, dormant accounts and cardholders without an HSBC account)
Account closing fee None
Salary-based fixed monthly service charge
None
Monthly service charge if combined average balance is below the minimum for current, savings or term deposits

EGP 50 if below EGP 10,000



If the combined average balance is not maintained, individual account balances and monthly service charges apply.


A monthly service charge is not applied on suffix level for payroll or pension accounts and finance settlement accounts.

Account fees and charges in EGP
Reason for fee Personal banking customer account opening fees
Amount in EGP or foreign currency equivalent EGP 30  per customer, not per account
Reason for fee Monthly account fee
Amount in EGP or foreign currency equivalent EGP 10 deducted on a quarterly basis (includes personal finance accounts, dormant accounts and cardholders without an HSBC account)
Reason for fee Account closing fee
Amount in EGP or foreign currency equivalent None
Reason for fee Salary-based fixed monthly service charge
Amount in EGP or foreign currency equivalent None
Reason for fee Monthly service charge if combined average balance is below the minimum for current, savings or term deposits
Amount in EGP or foreign currency equivalent

EGP 50 if below EGP 10,000



If the combined average balance is not maintained, individual account balances and monthly service charges apply.


A monthly service charge is not applied on suffix level for payroll or pension accounts and finance settlement accounts.

Required documents

To complete the account opening process, please visit any HSBC branch with the following documents:

  • valid national ID or passport or military ID for Egyptians
  • original passport with valid entry visa (for expatriate residents and non-residents)
  • proof of residence – a recent electricity bill, telephone bill or tenancy contract issued or notarised by a governmental or public entity
  • proof of employment – an HR letter for employees and tax card for self employed
  • proof of salary as required for applicable facilities
     

Additional document required for salary-based customers:

  • salary transfer letter

How to apply

We'll call you

Request a call back to start your application. Our team is available weekdays from 9.30am to 3.30pm and will be in touch within 60 minutes.2

Call us

Contact us by phone every day from 9am to 11pm.

Tel: 19007 (within Egypt)

Tel: +202 3535 9100 (outside Egypt)

Visit a branch

Visit your nearest branch to speak to us in person.

1Interest rates are indicative and subject to change at the sole discretion of HSBC Bank Egypt S.A.E.

2Call back is available from 9.30am to 3.30pm, Sunday to Thursday. If you ask for a call back outside these hours, we'll call you the next working day.

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