Premium Savings Account
- Interest rate
- 4.75%
- Min. opening deposit
- EGP 500
- Monthly fee
- EGP 0
Returns
- Interest type
- Fixed
- Base rate
- 4.75%
- Max rate
- 4.75%
- Payout
- Daily
Balance & withdrawals
- Min opening deposit
- EGP 500
- Min balance for interest
- EGP 0
- Overdraft allowed
- No
Fees
- Opening fee
- EGP 0
- Monthly fee
- EGP 0
- Quarterly fee
- EGP 0
- Below-minimum fee
- EGP 0
Features & requirements
- ATM card
- No
- Debit card
- No
- Online banking
- Yes
- Mobile banking
- Yes
- Joint account
- No
- Minor account
- No
Do the maths
Our take
Pros
- Calculating interest daily using the Al-Nimr system with applying the rights of the next day of work.
- Very low minimum to open an account (500 pounds).
Cons
- A relatively low interest return (4.75%) compared to other savings accounts and certificates.
Our take
The premium savings account offers a cautious way to hold money with a steady daily return that's good for small amounts, but it lacks investment competitiveness compared to the high returns in the banking sector.
Compare
| Premium Savings Account Egyptian Arab Land Bank This one | حساب التوفير MID BANK | Saving Account National Bank of Egypt | Everyday Savers البنك التجاري الدولي-CIB |
|---|---|---|---|
| Interest rate | |||
| 4.75% | 2.75% – 5.75% | 7.5% – 11.5% | 2% – 10% |
| Min. opening deposit | |||
| EGP 500 | EGP 4,997 | EGP 5,000 | EGP 20,000 |
| Monthly fee | |||
| EGP 0 | EGP 0 | EGP 30 | EGP 0 |
Added Wednesday 19 August 2026 - 10:36 PM Updated Wednesday 19 August 2026 - 10:42 PM