Pension Saving Account
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
Do the maths
Our take
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
| 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 |
Added Tuesday 04 August 2026 - 12:26 PM Updated Tuesday 04 August 2026 - 12:26 PM