Banque du Caire continues to offer a range of savings products to meet customers' needs. Among them is the Mega Tawfeer savings account, which pays competitive interest rates of up to 18.5% a year on the highest balance tier, with a choice of daily, monthly, quarterly or annual payout.

The minimum to open a Mega Tawfeer account is EGP 5,000, while interest is paid from a balance of EGP 100,000. The account comes with a number of banking services and benefits, including free life insurance subject to the account's terms.

Banque du Caire Mega Tawfeer account details

  • Minimum to open the account: EGP 5,000.

  • Minimum balance to earn interest: EGP 100,000.

  • The account is available to individual customers only.

  • The account is available in Egyptian pounds (EGP).

  • Interest is calculated on the lowest credit balance during the month.

  • Interest can be paid daily, monthly, quarterly or annually.

Mega Tawfeer account interest rates

Interest rates vary by balance tier and payout frequency, as follows:

  • From EGP 100,000 to less than EGP 1 million:

    • Daily interest: 12.50%.

    • Monthly interest: 11%.

    • Quarterly interest: 11.50%.

    • Annual interest: 12%.

  • From EGP 1 million to less than EGP 10 million:

    • Daily interest: 14.25%.

    • Monthly interest: 13.50%.

    • Quarterly interest: 13.75%.

    • Annual interest: 14%.

  • From EGP 10 million to less than EGP 30 million:

    • Daily interest: 16.25%.

    • Monthly interest: 16.50%.

    • Quarterly interest: 16.75%.

    • Annual interest: 17%.

  • EGP 30 million and above:

    • Daily interest: 17.25%.

    • Monthly interest: 18%.

    • Quarterly interest: 18.25%.

    • Annual interest: 18.50%.

Banque du Caire Mega Tawfeer account benefits

The Mega Tawfeer account offers a number of benefits and banking services, including:

  • Deposits and withdrawals at any Banque du Caire branch.

  • Withdrawals and deposits at ATMs around the clock.

  • Monitoring and managing the account through internet banking.

  • Paying bills and other obligations, and making transfers.

  • Collecting cheques and promissory notes.

  • A quarterly account statement.

  • Free subscription to the IVR phone service for inquiries and some banking transactions.

  • A free debit card (first issuance only).

  • The option of a credit card secured by the Mega Tawfeer account, with welcome points on issuance plus additional points on transactions.

Free life insurance

The Mega Tawfeer account provides free life insurance cover for account holders aged 18 to 65, with the cover amount depending on the account balance.

  • From EGP 50,000 to less than EGP 1 million: insurance cover of EGP 50,000.

  • EGP 1 million and above: insurance cover of up to EGP 200,000.

Documents required to open a Mega Tawfeer account

  • A valid national ID card for Egyptians.

  • A valid passport for foreigners.

  • A birth certificate if the account is opened for a minor.

  • A recent utility bill, such as electricity or gas, if the current address does not match the address on the national ID card.