العربية

Step-Up Account

FABMISR · Savings · Egyptian Pound · 3.5 · Tuesday 04 August 2026 - 01:12 PM

The Step-Up account is a balanced and practical option for those wishing to open a traditional savings account that offers full flexibility for daily banking transactions.

Interest rate
2% – 11%
Min. opening deposit
EGP 10,000
Monthly fee
EGP 50

Returns

Interest type
Fixed
Base rate
2%
Max rate
11%
Payout
Multiple
Rate tiers
  1. EGP 20,000 – EGP 99,999 Monthly
    2%
  2. EGP 20,000 – EGP 99,999 Quarterly
    2.25%
  3. EGP 20,000 – EGP 99,999 Annually
    2.5%
  4. EGP 100,000 – EGP 499,999 Monthly
    3%
  5. EGP 100,000 – EGP 499,999 Quarterly
    3.25%
  6. EGP 100,000 – EGP 499,999 Annually
    3.5%
  7. ≥ EGP 500,000 Monthly
    9.5%
  8. ≥ EGP 500,000 Quarterly
    10%
  9. ≥ EGP 500,000 Annually
    11%

Balance & withdrawals

Min opening deposit
EGP 10,000
Min balance for interest
EGP 20,000
Max withdrawals/mo
99999
Overdraft allowed
No

Fees

Opening fee
EGP 150
Monthly fee
EGP 50
Quarterly fee
EGP 0
Below-minimum fee
EGP 100

Features & requirements

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

Do the maths

Step-Up Account

See how regular monthly deposits grow your balance over time.

Enter values to see the result.

Results are estimates for guidance only and may differ from a bank's actual offer.

Our take 3.5

3.5 Banky rating

Pros

  • Interest is paid out in various frequencies according to your needs (monthly/ quarterly/ annually)
  • Tiered savings interest rates enabling you to earn more as you save more
  • Easy management and withdrawals: The account is linked to a debit card (such as the Titanium card) that facilitates cash withdrawals, purchases, and easy account management, with the option to set up standing instructions to automatically cover obligations.

Cons

  • Minimum age of 21 years old
  • Lower returns on small balances: Returns on small amounts may not be rewarding compared to certain other specialized digital savings accounts.
  • Variation in return based on payment frequency: The monthly return is often relatively lower than the semi-annual or annual return for the same tiers.

Our take

The Step-Up Account is a balanced, practical choice for those wishing to open a traditional savings account that offers full flexibility for daily banking transactions—such as debit cards, joint accounts, and payment instructions—while benefiting from a tiered interest rate that rises with increased savings, alongside periodic profit payouts. If your goal is to save while maintaining transaction flexibility and choosing a return frequency that suits you, this account effectively meets your needs. However, if your priority is earning the highest possible interest rate on fixed amounts without the use of cards or periodic withdrawals, then dedicated digital accounts (such as the Digital E-SAVER) or savings certificates might be a more profitable option.

The Step-Up account is a balanced and practical option for those wishing to open a traditional savings account that offers full flexibility for daily banking transactions.

Compare

Alternatives at a glance
Step-Up Account FABMISR This oneEveryday Savers البنك التجاري الدولي-CIB حساب التوفير MID BANK Current account with monthly interest Emirates NBD
Interest rate
2% – 11% 2% – 10% 2.75% – 5.75% 1% – 6% Interest rate (Tiered)
Min. opening deposit
EGP 10,000 EGP 20,000 EGP 4,997 EGP 0
Monthly fee
EGP 50 EGP 0 EGP 0 EGP 0
Compare with 3 similar savings

Added Tuesday 04 August 2026 - 01:07 PM Updated Tuesday 04 August 2026 - 01:12 PM