The Arab African International Bank decided to launch a new savings account under the name “Golden” and it will have the highest return for savings accounts in Egyptian banks, as the return ranges from 18% to 20% annually. The Arab African International Bank has published on its official page on Facebook that the new savings account will be offered In many different forms.
Arab African Bank launches savings account with the highest return of 20%
The African Bank stated that the monthly return for the savings account is as follows:
- The monthly return is 18%.
- While the quarterly return is 18.5%.
- The semi-annual return is 19%.
- While the annual return reaches 20%.
The difference between a savings account and a savings certificate
Many ask regarding the difference between savings certificates and savings accounts, and we review with you the main difference between them:
Savings certificate
The savings certificates are granted a return in return for the customer depositing an amount, which is the value of the savings certificates, within a specified period of time. Savings, as it gives the customer the opportunity to borrow with its guarantee, and the return on savings certificates is monthly, four-yearly, semi-annual, or annual, as determined by the customer.
Savings accounts
Savings accounts provide the customer with a balance at the end of each month, and it is not required to link a value of money to a specific period, as happens in savings certificates.
Details and benefits of the new savings account from the Arab African International Bank
The return is gradual, meaning that the return increases with the increase in the balance account. There is also flexibility in choosing the return exchange, whether it is monthly 18%, quarterly 18.5%, semi-annual 19%, or 20% annual, and the customer must choose the return exchange that suits him.
Advantages of depositing with the Arab African African Bank savings account
- The Arab African African Bank offers the highest savings account with a return of 20%.
- The return is graded on the account balance so that it increases the rates gradually by increasing the account balance.
- Flexibility in choosing the periodicity of the interest payment, whether it is monthly, annual, quarterly or semi-annual.
- It also introduces a suitable tariff.
- Ease of dealing with money and savings through the debit card, whether locally or internationally.
- A debit current account can be obtained up to 95% of the account balance.
- With the guarantee of the account, credit cards can be issued, whether MasterCard or Visa.
- The minimum balance is applied to the account every month whose balance falls below the minimum.
- Arab African Bank offers a savings account with the highest return of 20%.
- Any customer can view his account details for free through direct banking services, whether by phone banking or the Internet.
