العربية

Electronic savings account

Egyptian Arab Land Bank · Savings · Egyptian Pound · 4.5 · Thursday 20 August 2026 - 04:22 PM
Interest rate
4.5% – 5.25%
Min. opening deposit
EGP 2,000
Monthly fee
EGP 0

Returns

Interest type
Fixed
Base rate
4.5%
Max rate
5.25%
Payout
Multiple
Rate tiers
  1. ≥ EGP 5,000 Monthly
    4.5%
  2. ≥ EGP 5,000 Quarterly
    4.75%
  3. ≥ EGP 5,000 Semi-Annually
    5%
  4. ≥ EGP 5,000 Annually
    5.25%
  5. ≥ EGP 5,000 Upfront
    5%

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

Electronic savings account

See how regular monthly deposits grow your balance over time.

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

Our take 4.5

4.5 Banky rating

Pros

  • The minimum to open a premium account has dropped to just 500 EGP, with daily interest calculated under the Tomorrow's Deposit system.

Cons

  • The low rising yield rates (starting from 4.5% up to 5.25%) make it less attractive as a strong investment vehicle for growing assets.

Our take

The 'Electronic Savings Account' is a flexible option for small savers who want to start investing with small amounts without dealing with high account-opening limits. However, the announced returns (between 4.5% and 5.25%) are still relatively modest compared to current market standards for inflation and competing savings options.

Compare

Alternatives at a glance
Electronic savings account Egyptian Arab Land Bank This oneحساب التوفير MID BANK Everyday Savers البنك التجاري الدولي-CIB Saving Account National Bank of Egypt
Interest rate
4.5% – 5.25% 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
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Added Thursday 20 August 2026 - 03:56 PM Updated Thursday 20 August 2026 - 04:22 PM