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Features
- Minimum Balance for account opening: EGP 5000.
- Minimum account balance: EGP 5000 .
- Minimum balance to calculate profit: EGP 50,000.
- Variable profit rate: up to 22%.
- Profit payment frequency: profit is calculated daily and paid at the end of the month.
- Target Segment: Individuals/Corporate.
- Currency: EGP.
- Issuing Bank statements every quarter.
- Cheque Book Issuance is available.
- Internet Banking Services: Access and manage your account through internet banking.
- Profit Calculation: Based on the account tier.
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Required Documents
Al Baraka Daily Investment Account requires:
- Company legal documents according to its legal form.
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Account tiers & variable profit rates
- Account tiers & variable profit rate starting 1st of December 2024
Account balance
Variable profit rate
From EGP 0 to less than EGP 50K
0%
From EGP 50k to less than EGP 500K
14%
From EGP 500K to less than EGP 1Mn
16%
From EGP 1Mn to less than EGP 5Mn
17%
From EGP 5Mn to less than EGP 10Mn
19%
From EGP 10Mn to less than EGP 50Mn
20%
From EGP 50Mn to less than EGP 200Mn
21%
From EGP 200MN Above
22%