Product Name
Wafa Daily Current Account
Account opening fees
EGP 200
Min. balance to open the account
EGP 10K
Credit Interest rate type
Tiered based
Interest Methodology
Calculated & posted daily
Debit interest (Yes/No)
Yes
Maintenance fees (Yes/No)
EGP 50 on Monthly bases
Drop Down Fees ( Yes / No )
EGP 100 if dropped below 50K
Linkage to debit card (Yes/No)
Yes
CHQ book eligibility (Yes/No)
Yes
SMS
Yes
Account Interest Rate
Balance Tier
Interest Rate
10K-below 50K
0.00%
50K-below 150K
7.00%
150K-below 500K
10.00%
500K-below 1M
12.00%
1M-below 5M
13.50%
5M-below 10M
14.50%
10M-below 20M
15.00%
20M-below 50M
15.50%
50M-below 100M
16.50%
100M+
17.25%