Wafa Premium -Monthly Saving account
Eligibility
Individual Egyptian ,individual foreign residents , Minors & Joint accounts
Minimum balance to open
20,000
Currency
LCY only
Max balance
Unlimited
Debit Card
free
Outward transfer
available
Cheque book issuance
N/A
Interest frequency
Monthly
Interest calculation methodology
Calculated based on lowest credit balance during the month starting from the minimum required balance
Any deposits during the month will not earn interest till the beginning of the next month
Account Opening Fee (one time)
200
Maintenance Fee (monthly)
EGP 20
Balance Drop Penalty Fees
N/A
Interest Pricing
Tiered based
Minimum amount – paid interest
50,000
Tier
Interest Rate
Below 50K
0.00%
50K – below 150K
10.00%
150K – below 500K
13.00%
500K – below 1M
15.00%
1M – below 5M
17.00%
5M – below 10M
17.50%
10M – below 15M
18.00%
15M– below 50M
18.50%
50M- below 100M
19.00%
100M+
20.00%