العربية

Start Savings Account

Alex Bank · Savings · Egyptian Pound · 2.8 · Saturday 22 August 2026 - 04:52 PM
Interest rate
8%
Min. opening deposit
EGP 2,500
Monthly fee
EGP 0

Returns

Interest type
Fixed
Base rate
8%
Max rate
8%
Payout
Monthly

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

Start Savings Account

See how regular monthly deposits grow your balance over time.

Enter values to see the result.

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

Our take 2.8

2.8 Banky rating

Pros

  • A very low entry threshold; interest calculation starts from just 250 Egyptian pounds up to a maximum of 100,000 pounds, allowing small financial segments to benefit from a monthly return without needing to commit large amounts.

Cons

  • العيوب: عائد منخفض نسبياً؛ نسبة 8% شهرياً تُعتبر غير مجدية استثمارياً لحماية القيمة الشرائية للنوادي المالية في ظل وجود شهادات وأوعية ادخارية أخرى توفر عوائد أعلى بكثير.

Our take

The 'Start Savings Account' from Alexandria Bank provides a very easy entry point for small savers and young people to start saving with an almost negligible minimum, but the 8% return is considered low compared to current inflation rates and competing savings options in the market.

Compare

Alternatives at a glance
Start Savings Account Alex Bank This one Saving Account National Bank of Egypt Wafa Premium Account Attijariwafa bank Egypt star the united bank
Interest rate
8% 7.5% – 11.5% 9% – 18% 10.5% – 13.75%
Min. opening deposit
EGP 2,500 EGP 5,000 EGP 20,000 EGP 100,000
Monthly fee
EGP 0 EGP 30 EGP 0 EGP 0
Compare with 3 similar savings

Added Saturday 22 August 2026 - 04:29 PM Updated Saturday 22 August 2026 - 04:52 PM