Savings Account

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Savings Account

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.

How to apply

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
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 23 June 2022.

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 3.50% 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 6.75% 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 rates¹
Less than EGP 10,000	0.25%
Starting from EGP 10,000 and less than EGP 100,000	0.75%
Starting from EGP 100,000 and less than EGP 500,000	3.50%
Starting from EGP 500,000 and less than EGP 1 million	3.75%
Starting from EGP 1 million and less than EGP 5 million	6.75%
EGP 5 million and above	8.00%

Annual interest rates for Premier, Advance and Personal Banking customers
EGP savings account monthly minimum balance	Less than EGP 10,000
Annual interest rates¹	0.25%

EGP savings account monthly minimum balance	Starting from EGP 10,000 and less than EGP 100,000
Annual interest rates¹	0.75%

EGP savings account monthly minimum balance	Starting from EGP 100,000 and less than EGP 500,000
Annual interest rates¹	3.50%

EGP savings account monthly minimum balance	Starting from EGP 500,000 and less than EGP 1 million
Annual interest rates¹	3.75%

EGP savings account monthly minimum balance	Starting from EGP 1 million and less than EGP 5 million
Annual interest rates¹	6.75%

EGP savings account monthly minimum balance	EGP 5 million and above
Annual interest rates¹	8.00%

Annual interest rates for a foreign currency Savings Account
Foreign currency	Annual interest rate¹
USD Savings Account	0.10%
GBP Savings Account	0.0025%

Annual interest rates for a foreign currency Savings Account
Foreign currency	USD Savings Account
Annual interest rate¹	0.10%

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
Account opening fees for personal banking salary-based customers	EGP 50 per customer, not per account.
Monthly account fee	EGP 16 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 30,000 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. Personal banking new to bank customers cannot apply for this account under this criteria as of 1 May 2025.

Account fees and charges in EGP
Reason for fee	Account opening fees for personal banking salary-based customers
Amount in EGP or foreign currency equivalent	EGP 50 per customer, not per account.

Reason for fee	Monthly account fee
Amount in EGP or foreign currency equivalent	EGP 16 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 30,000 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. Personal banking new to bank customers cannot apply for this account under this criteria as of 1 May 2025.

Things you should know

Who can apply?

To qualify for a Savings Account, you'll need to be at least 18 years old.

This account is currently open to salary-based customers only.

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)

For non-Egyptians, and for Egyptians with address not updated in the National ID/Passport, please provide:

proof of residence – an electricity bill, telephone bill or tenancy contract issued or notarised by a governmental or public entity
proof of employment – 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 120 minutes.²

Request a call back for new customers This link will open in a new window

Call us

Tel: 19007 (within Egypt)

Tel: +202 3535 9100 (outside Egypt)

Visit a branch

Visit your nearest branch to speak to us in person.

Find a branch

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.

Start saving today for your future needs

What you'll get with our Savings Account

Annual interest rates

Fees and charges

Things you should know

Who can apply?

Required documents

Important documents and links

How to apply

We'll call you

Call us

Visit a branch

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