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
Choice of currencies: open your account in EGP or any other major currency
International debit card and periodic statements
Free international Debit Card issuance for Youth and Premier Children Savings account
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.
| 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% |
| 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% |
| EGP savings account monthly minimum balance |
Annual interest rates1 |
|---|---|
| EGP 20,000 or less |
8.00% |
| More than EGP 20,000 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% |
| EGP 1 million and above |
6.75% |
| EGP savings account monthly minimum balance |
EGP 20,000 or less |
|---|---|
| Annual interest rates1 |
8.00% |
| EGP savings account monthly minimum balance |
More than EGP 20,000 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 |
EGP 1 million and above |
| Annual interest rates1 |
6.75% |
| Foreign currency |
Annual interest rate1 |
|---|---|
| USD Savings Account |
0.10% |
| GBP Savings Account |
0.0025% |
| Foreign currency |
USD Savings Account |
|---|---|
| Annual interest rate1 |
0.10% |
| Foreign currency |
GBP Savings Account |
| Annual interest rate1 |
0.0025% |
Fees and charges
| Reason for fee | Amount in EGP or foreign currency equivalent |
|---|---|
| Personal banking customer account opening fees | EGP 30 per customer, not per account. None for Youth and Premier Children Savings account. |
| Monthly account fee | EGP 10 deducted on a quarterly basis (includes personal finance accounts, dormant accounts and cardholders without an HSBC account). None for Youth and Premier Children Savings 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
|
| Reason for fee | Personal banking customer account opening fees |
|---|---|
| Amount in EGP or foreign currency equivalent | EGP 30 per customer, not per account. None for Youth and Premier Children Savings 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). None for Youth and Premier Children Savings 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
|
Things you should know
Minimum monthly balance requirement
You must maintain a minimum monthly average balance in deposits and/or investments of EGP 10,000, USD 2,000 or a minimum gross monthly salary of EGP 5,000.
No minimum balance required for Youth and Premier Children Savings account
Important documents
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
In case of Youth Savings Account the following documents will be needed:
- valid national ID or passport for Egyptians.
- original valid passport with valid entry visa for expatriates residents and non-resident.
- proof of residence-valid electricity bill, telephone bill / rental contract.
- letter/e-mail from university confirming student is currently registered.
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.3
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.
2Youth saving account is for Youth customers falling under the age between 18 &21.
3Call 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.
You might be interested in
Current Account
Enjoy convenience and flexibility for all your essential banking needs.
Time Deposit Account
Earn interest on deposits in EGP and major foreign currencies.
Savings Certificates
Earn regular interest on your medium-term savings in EGP.