Pension Saving Account

Agricultural Bank of Egypt · Savings · Egyptian Pound · 3.0 · Tuesday 04 August 2026 - 12:26 PM

The account is ideal for anyone looking for a simple, straightforward account for receiving monthly pension payments and making withdrawals.

Interest rate
6.25%
Min. opening deposit
EGP 1,000
Monthly fee
EGP 0

Returns

Interest type
Fixed
Base rate
6.25%
Max rate
6.25%
Payout
Monthly

Balance & withdrawals

Min opening deposit
EGP 1,000
Min balance for interest
EGP 1,000
Max withdrawals/mo
30000
Overdraft allowed
No

Fees

Opening fee
EGP 25
Monthly fee
EGP 0
Quarterly fee
EGP 60
Below-minimum fee
EGP 75

Features & requirements

ATM card
Yes
Debit card
Yes
Online banking
No
Mobile banking
No
Joint account
No
Minor account
No

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Pension Saving Account

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Our take 3.0

3.0 Banky rating

Pros

  • Low minimum to open an account: Account opening starts at 1,000 pounds.
  • The account features the ability to provide a monthly periodic return.
  • Full tax exemption: Returns generated on the account are completely exempt from all types of taxes.
  • Issuance of a debit card (ATM): The ATM card allows you to make withdrawals, deposits, and purchases 24 hours a day.
  • Transactions via Power of Attorney: The option to issue an official power of attorney to another person to conduct withdrawals and deposits on behalf of the account holder, thereby facilitating matters for the elderly.

Cons

  • The rate of return is limited.
  • Interest is calculated based on the lowest credit balance during the month.
  • Recurring administrative charges: Account opening fees and annual service fees are deducted.

Our take

The account is ideal for anyone looking for a simple, straightforward account for receiving monthly pension payments and making withdrawals.

Compare

Alternatives at a glance
Pension Saving Account Agricultural Bank of Egypt This one Saving Account National Bank of Egypt Wafa Premium Account Attijariwafa bank Egypt حساب التوفير MID BANK
Interest rate
6.25% 7.5% – 11.5% 9% – 18% 2.75% – 5.75%
Min. opening deposit
EGP 1,000 EGP 5,000 EGP 20,000 EGP 4,997
Monthly fee
EGP 0 EGP 30 EGP 0 EGP 0
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Added Tuesday 04 August 2026 - 12:26 PM Updated Tuesday 04 August 2026 - 12:26 PM