Arab African International Bank (AAIB) offers the E-Day Today account, which lets individual customers earn a daily return on their EGP savings through an online account that can be opened via the mobile app, with interest calculated and credited daily according to the balance tier.

Features of AAIB's E-Day Today account

  • The account can be opened only through the mobile app.

  • The minimum account balance to earn interest is EGP 250,000.

  • Interest is calculated and credited daily.

  • The account is available to individual customers in EGP only.

  • The interest rate is set according to the account's balance tier.

  • Account opening and maintenance fees apply as per the published fees for current accounts.

E-Day Today account interest rates

  • EGP 250,000 to less than EGP 500,000: 11% a year.

  • EGP 500,000 to less than EGP 1 million: 12% a year.

  • EGP 1 million to less than EGP 5 million: 14.50% a year.

  • EGP 5 million to less than EGP 10 million: 15.50% a year.

  • EGP 10 million to less than EGP 20 million: 15.75% a year.

  • EGP 20 million and above: 16% a year.

How to open an E-Day Today account

New customers can open the account by following these steps:

  • Open a current or savings account with Arab African International Bank at a branch, with the published minimum balance.

  • Download the bank's mobile app and activate it.

  • Open the E-Day Today account through the app by transferring the required minimum from the original account.

Example:

If you deposit EGP 1 million in the E-Day Today account, the balance falls in the 14.50% a year tier, for a return of about EGP 145,000 a year, or an average of about EGP 397.26 a day