Why choose our Youth Savings Account?
It's never too soon to start saving for tomorrow. With our Youth Savings Account, you can set some money aside to put to good use in future.
No fees for opening or maintaining your account, and no minimum balance1
Get a preferential interest rate on savings up to EGP 20,0002
Get a free Visa debit card so you can easily withdraw and spend money from your account
Open your account in Egyptian pounds, pound sterling or US dollars
Keep track of your savings on our app, online, by phone or in-branch
Interest rates
Here's how much interest you could earn on your savings.
| Monthly balance | Annual interest rate |
|---|---|
| EGP 20,000 or less | 8.00% |
| EGP 20,000.01 to EGP 99,999.99 | 0.75% |
| EGP 100,000 to EGP 499,999.99 | 3.50% |
| EGP 500,000 to EGP 999,999.99 | 3.75% |
| EGP 1 million and above |
6.75% |
| Monthly balance | EGP 20,000 or less |
|---|---|
| Annual interest rate | 8.00% |
| Monthly balance | EGP 20,000.01 to EGP 99,999.99 |
| Annual interest rate | 0.75% |
| Monthly balance | EGP 100,000 to EGP 499,999.99 |
| Annual interest rate | 3.50% |
| Monthly balance | EGP 500,000 to EGP 999,999.99 |
| Annual interest rate | 3.75% |
| Monthly balance |
EGP 1 million and above |
| Annual interest rate |
6.75% |
| Currency | Annual interest rate |
|---|---|
| USD |
0.10% |
| GBP | 0.0025% |
| Currency |
USD |
|---|---|
| Annual interest rate |
0.10% |
| Currency | GBP |
| Annual interest rate | 0.0025% |
The interest rates shown will apply to your entire balance. For example, if your balance is EGP 18,000, the corresponding rate of 8.00% will apply to your entire EGP 18,000 balance.
Interest is calculated and credited to your account at the beginning of each month. The rate you receive is based on your lowest balance in the preceding month.
Interest rates are indicative and can be changed at the sole discretion of HSBC Bank Egypt S.A.E.
Your account also gives you access to
A secured credit card
A secured credit card works in much the same way as a regular 'unsecured' credit card, except you'll need to put down a refundable security deposit first. Your credit limit will then be equal to 90% of the deposit you put down.
Using a secured credit card and paying it off each month can be a good way of building up your credit score when you don't have much of a credit history.
To get your secured credit card, simply apply for a credit card in the usual way once your Youth Savings Account is open. Once you've applied, you'll need to visit a branch to sign your security documents.
Your card will be free of annual fees for the first year.
Term deposit savings accounts
Earn interest on your savings for a fixed period of time with an HSBC Savings Certificate and/or a Time Deposit Account.
Things to know
Who can apply?
To apply for a Youth Savings Account, you'll need to:
- Be 15 to 20 years old
- Have a valid passport or Egyptian national ID (including your occupation status)
- Have valid proof of address (such as a recent original utility bill) if your current address isn't on your passport or ID
Ready to apply for a Youth Savings Account?
Let us call you
Request a callback to start your application. We'll call you back within 2 hours if you submit your request between 9:30am and 3:30pm, Sunday to Thursday. Outside of these times, we'll call you back the next working day.
Call us
If you'd like to speak to someone straight away, call us now to apply for your account.
From within Egypt call us on:
From outside Egypt call us on:
Our lines are open every day from 9am to 11pm.
You might be interested in
Time Deposit Account
Deposit a lump sum and lock in a fixed interest rate for up to 3 years.
Debit cards
Enjoy easy and secure access to your money with an HSBC debit card.
Premier Children Account
Give your little ones a big financial head start.
Additional information
1. Accounts will be automatically closed after 3 months with zero balance.
2. One Youth Savings Account in Egyptian currency is available per customer, with a preferential interest rate on savings up to EGP 20,000. The normal interest rate will apply to the total account balance if your savings in Egyptian currency exceed EGP 20,000 (including any interest you've received).