Since the bebasata savings account is designed to increase your savings, we provide an option of opening up to 5 savings accounts. By renaming them as you wish, you can remember your saving goals.
Opened in EGP, your bebasata savings account provides higher interest the more you save, on any amount starting from EGP 1.
You can open your savings account starting from 15 years old, the interest will be calculated on a daily basis and credited monthly. So, whenever you increase your savings, you will be able to gain higher interest. All debit transactions will be done from your current account in EGP, so that we can encourage you to save more. Always remember that you will gain interest on each and every amount you save and all your account fees are on us.
- Minimum opening balance is EGP 1.
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Tiered savings account (the more you save, the higher interest you gain).
- Daily interest calculation and monthly interest posting.
- Available in EGP only.
- No debit transactions are allowed on savings account except for transfers between one's own accounts.
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You can open multiple saving accounts (max. 5 accounts), and you can rename them based on your savings goal.
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Frequently Asked Questions
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What is the savings account and what are its benefits?
The savings account has an interest which is calculated on a daily basis and is credited monthly. You can rename and manage multiple savings accounts based on your saving goals.
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Why can't I always do all kinds of transactions from my savings account?
Since we designed the savings account to allow you save more, we've made it a little harder for you to pay or spend from this account. If you want to use the money in your savings account, you must first transfer your money to your main EGP current account and then withdraw it as cash from the ATM. By doing so we tried to make you think twice before spending your savings, because the more you save, the higher interest you gain via the tiered interest rates.
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Will I have the same interest rate, if I save more?
We created the tiered savings account to encourage you to save more. The more you save, the higher interest you gain.