QNB Egypt has launched the new “Everyday Cash” saving account in Egyptian pounds that gives customers competitive interest rates added daily to their account balance, with a progressive return that increases as the saving balance in the account increases to reach interest to 22.5% annually.
This product represents an innovative addition to the Bank's diverse product portfolio to meet its financial needs and enable them to obtain unequalled and competitive returns and achieve sustainable growth for their funds.
The "Everyday Cash" account allows the bank's customers to benefit from daily returns calculated according to the daily closing balance of the account and added daily on a regular basis, with the ability to deposit on any day during the month and get interest instantly. These benefits contribute to the transition of customers to higher segments and benefit from higher interest rates on concessional terms and without being restricted to time periods.
The new account also offers bonuses and welcome points that are added directly to the credit card within a month of opening the account and which can later be used for purchases and exclusive discounts at a wide range of stores and brands.
Customers can subscribe to QNB Life’s Salary Continuity Insurance program at the lowest monthly premium to provide additional financial protection, in addition to benefiting from the bank's electronic services that allow them to track their accounts and conduct banking operations safely and easily around the clock, seven days a week.
Mr. Mohamed Bedeir, Chief Executive Officer of QNB Egypt, said that the launch of the "Everyday Cash" account reflects the bank's commitment to provide advanced banking solutions that meet the diverse needs of its customers, and help them make the most of their savings without any restrictions on their daily transactions.
He stressed that the bank's leadership comes from its ability to continuously develop its services and products to provide an innovative and rewarding banking experience for customers that exceeds their expectations. The new account also reflects the Bank’s efforts to introduce financing solutions that are compatible with promoting a culture of savings in an innovative way and achieving financial sustainability.
QNB Egypt is keen to introduce advanced savings and investment products and services in line with its commitment to promote financial inclusion and supporting the Egyptian economy.
