Savings account for pensions
- Interest rate
- 2% – 3%
- Min. opening deposit
- EGP 3,000
- Monthly fee
- EGP 0
Returns
- Interest type
- Fixed
- Base rate
- 2%
- Max rate
- 3%
- Payout
- Monthly
- EGP 3,000 – EGP 999,9992%You are here
- ≥ EGP 1,000,0003%
Rate tiers
Balance & withdrawals
- Min opening deposit
- EGP 3,000
- Min balance for interest
- EGP 3,000
- 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
- Low minimum to start earning interest: Interest starts accruing from just 3,000 EGP, calculated monthly with a graduated surplus rate starting at 2% and going up to 3% for amounts over a million EGP.
Cons
- Low and limited return: The applied interest rate (between 2% and 3%) is really tiny and doesn’t keep up with inflation or other saving options available in the market.
Our take
The Alexandria Bank pensions savings account offers an easy option for people with fixed incomes since you can open the account and receive monthly interest starting from just 3,000 EGP. However, the low interest rate, which ranges between 2% and 3%, makes it not very worthwhile as a savings tool to keep up with inflation compared to other options available in the market.
Compare
| Savings account for pensions Alex Bank This one | Everyday Savers البنك التجاري الدولي-CIB | حساب التوفير MID BANK | Current account with monthly interest Emirates NBD |
|---|---|---|---|
| Interest rate | |||
| 2% – 3% | 2% – 10% | 2.75% – 5.75% | 1% – 6% Interest rate (Tiered) |
| Min. opening deposit | |||
| EGP 3,000 | EGP 20,000 | EGP 4,997 | EGP 0 |
| Monthly fee | |||
| EGP 0 | EGP 0 | EGP 0 | EGP 0 |
Added Saturday 22 August 2026 - 03:24 PM Updated Saturday 22 August 2026 - 03:38 PM