A personal current account for transferring the salaries of employees in contracted entities
- Interest rate
- 4.5%
- Min. opening deposit
- EGP 2,000
- Monthly fee
- EGP 0
Returns
- Interest type
- Fixed
- Base rate
- 4.5%
- Max rate
- 4.5%
- Payout
- Monthly
Balance & withdrawals
- Min opening deposit
- EGP 2,000
- Min balance for interest
- EGP 5,000
- 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
- Offering a small return (4.5%) on the current account balance dedicated to salaries without requiring huge amounts like regular current accounts.
Cons
- The return is very low compared to inflation rates and other saving options in the market, making it not worthwhile for long-term saving.
Our take
This account is meant for employees of organizations that have contracts with the bank. It offers a fixed return of 4.5% on balances and is mainly a service option to make payroll payments and daily management easier, not for investment.
Compare
| A personal current account for transferring the salaries of employees in contracted entities Egyptian Arab Land Bank This one | حساب التوفير MID BANK | Everyday Savers البنك التجاري الدولي-CIB | Saving Account National Bank of Egypt |
|---|---|---|---|
| Interest rate | |||
| 4.5% | 2.75% – 5.75% | 2% – 10% | 7.5% – 11.5% |
| Min. opening deposit | |||
| EGP 2,000 | EGP 4,997 | EGP 20,000 | EGP 5,000 |
| Monthly fee | |||
| EGP 0 | EGP 0 | EGP 0 | EGP 30 |
Added Thursday 20 August 2026 - 10:16 AM Updated Thursday 20 August 2026 - 10:18 AM