Regular savings account
- Interest rate
- 1%
- Min. opening deposit
- EGP 2,500
- Monthly fee
- EGP 0
Returns
- Interest type
- Fixed
- Base rate
- 1%
- Max rate
- 1%
- Payout
- Semi-Annually
Balance & withdrawals
- Min opening deposit
- EGP 2,500
- 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
- A suitable minimum to open the account (2,500 EGP) and interest calculation starts from an easy-to-handle amount (5,000 EGP), making it possible to use the account for basic savings and daily banking transactions easily.
Cons
- Low financial return with slow payout; it gives a very low interest (1% per year) and is only paid out every 6 months (semi-annually), which doesn’t keep up with inflation at all.
Our take
The 'Regular Savings Account' from Alexandria Bank is a traditional savings option that offers easy daily transactions and the ability to open an account with a small amount, but the long withdrawal periods and almost zero financial return completely reduce its investment value.
Compare
| Regular savings account Alex Bank This one | Current account with monthly interest Emirates NBD | infinity account SUEZ CANAL BANK | Ahlan Digital Account Credit Agricole Egypt |
|---|---|---|---|
| Interest rate | |||
| 1% | 1% – 6% Interest rate (Tiered) | 18% | 15.75% |
| Min. opening deposit | |||
| EGP 2,500 | EGP 0 | EGP 0 | EGP 500 |
| Monthly fee | |||
| EGP 0 | EGP 0 | EGP 0 | EGP 0 |
Added Saturday 22 August 2026 - 04:13 PM Updated Saturday 22 August 2026 - 04:17 PM