EFG Holding’s aiBANK has launched a ‘Super Daily Plus’ saving account that provides customers with an integrated bank account with various benefits and special perks, including insurance provided in partnership with Kaf Insurance.
“The introduction of our latest daily saving account marks a significant milestone in aiBANK’s approach towards enriching the Egyptian banking landscape. Complementing our expansive strategy, this account represents our dedication to providing holistic banking solutions and pioneering innovative products,” said Sherif Nada, Chief of Retail, Branches Network at aiBANK.
Customers who opt for the new savings account can earn a daily interest rate of up to 20%. Benefits include a 50% discount on personal loan administrative fees, the option to receive a free credit card for the first year, issuance of chequebooks, and quarterly prizes for customers.
Kaf Insurance partnered with aiBANK to include free life insurance coverage in the account on an average balance of up to EGP 1 million, based on the individual’s average account balance over six months.
The partnership with Kaf coverage comes shortly after aiBANK partnered with Valu, MENA’s leading universal financial technology powerhouse, to release their co-branded credit card and is in line with aiBANK’s strategy to leverage synergies within the EFG Holding brands universe.
aiBANK introduced the “Salem w Estelem” time deposit offering in late 2023, offering a return of up to 21%, paid in advance with a minimum deposit of EGP 500,000, without a maximum limit. The account allows customers to benefit from interest upfront and mitigate the negative impacts of rate changes amid the current local and global economic challenges. The deposit offers terms of up to six months with the option for redemption at any time, as per the terms and conditions.
The bank is committed to serving its customers through an extensive network of 34 branches nationwide, including three Islamic branches offering Sharia-compliant products and services. It plans to expand its ATM network by 30% by the end of 2024, covering the most vital areas to facilitate customer access to banking services anytime and anywhere.
