Nevine El-Kabbaj, Minister of Social Solidarity and Chairperson of Nasser Social Bank’s Board of Directors, announced the launch of the “Day by Day Account,” an investment account with an annual cumulative daily return of 15%. The account became officially accessible last Sunday.
According to El-Kabbaj, this account has several benefits, including daily withdrawals and deposits. Individuals must deposit EGP 500,000 to open an account with no maximum limit. Customers will also be exempt from account opening fees for three months.
She further stated that this initiative comes in line with Nasser Social Bank’s commitment to promoting financial inclusion and the central bank’s goals. The goal is to provide financial products that meet the needs of all segments of society and to raise community awareness about financial and banking services.
Mohamed Abdel Fadil, Deputy Board Chairperson for Banking, Investments, Projects, Financial, Commercial, and Credit Affairs, emphasized the bank’s ongoing efforts to become an appealing savings destination for a diverse customer base. Accordingly, the bank decided to issue a three-year savings certificate with a 20% annual return and monthly payments.
Abdel Fadil added that the bank has established a strong and trusted presence in the Egyptian banking market over the years. He stressed that this new accomplishment can be attributed to the services provided to customers as well as the various initiatives launched by the bank to raise financial awareness and encourage savings.
He concluded his speech by confirming that the bank is committed to providing a diverse range of savings options tailored to the different needs of both individuals and businesses. Notably, the bank offers competitive rates on term deposits for businesses in a variety of segments and durations.
