The Saytara Plus savings account from SAIB combines the flexibility of a savings account with certificate-level returns. It pays an annual interest rate of up to 15.75%, with a choice of monthly or annual payout, depending on the balance tier held in the account.

The account gives individual customers a tiered, rising return, along with cash deposits and withdrawals and a range of banking transactions.

Features of the Saytara Plus savings account from SAIB

  • Available to individual customers only.

  • Minimum to open the account: EGP 20,000.

  • Minimum balance to earn interest: EGP 15,000.

  • Tiered annual interest rate, with a choice of monthly or annual payout.

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

  • Cash deposits and withdrawals at any of the bank's branches or through ATMs.

  • A debit card can be issued on the account.

  • Account inquiries and many banking transactions are available through internet banking.

Note: A minimum balance of EGP 20,000 must be maintained throughout the month to avoid the below-minimum-balance fee; other savings-account charges apply.

Interest rates on the Saytara Plus savings account

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

EGP 15,000 to under EGP 500,000:

  • Monthly payout: 12.50%.

  • Annual payout: 13.75%.

EGP 500,000 to under EGP 1 million:

  • Monthly payout: 12.50%.

  • Annual payout: 14.25%.

EGP 1 million to under EGP 2 million:

  • Monthly payout: 13.50%.

  • Annual payout: 14.75%.

EGP 2 million to under EGP 5 million:

  • Monthly payout: 13.50%.

  • Annual payout: 15.25%.

EGP 5 million to under EGP 10 million:

  • Monthly payout: 14.50%.

  • Annual payout: 15.75%.

EGP 10 million to under EGP 15 million:

  • Monthly payout: 14.75%.

  • Annual payout: 15.75%.

EGP 15 million to under EGP 20 million:

  • Monthly payout: 15.00%.

  • Annual payout: 15.75%.

EGP 20 million to under EGP 50 million:

  • Monthly payout: 15.25%.

  • Annual payout: 15.75%.

EGP 50 million and above:

  • Monthly payout: 15.75%.

  • Annual payout: 15.75%.

How to earn an annual return of EGP 147.5K (EGP 147,500) from the Saytara Plus account

Customers can earn an annual return of EGP 147,500 by depositing EGP 1 million in the Saytara Plus savings account from SAIB and choosing annual payout, as the interest rate for this tier is 14.75%.

Example:

  • Amount deposited: EGP 1 million.

  • Annual interest rate: 14.75%.

  • Annual return: EGP 147,500.