Step-Up Account plus — FABMISR | Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

BANKY NOW 2 Nov 2026
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Step-Up Account plus

FABMISR · Savings · Egyptian Pound · 3.5 · Saturday 08 August 2026 - 02:51 PM

The Step-Up Plus account is a balanced and practical option for those wishing to open a traditional savings account that offers full flexibility for day-to-day banking transactions.

Interest rate
5% – 13%
Min. opening deposit
EGP 20K
Monthly fee
EGP 50

Banky Analysis

Suits you if

  • I want an account with banking features
    • More banking features than average

Not for you if

  • Grow my savings the most
    • Net yield after fees lower than average
  • I want to start with a small amount

All of this is measured against products in EGP only

Last checked Monday 02 November 2026 - 04:02 PM

Returns

Interest type
Fixed
Base rate
5%
Max rate
13%
Payout
Compounded monthly
Rate tiers
  1. EGP 50,000 – EGP 99,999
    5%
  2. EGP 100,000 – EGP 499,999
    7%
  3. EGP 500,000 – EGP 1,999,999
    12%
  4. EGP 2,000,000 – EGP 9,999,999
    13%
  5. ≥ EGP 10,000,000
    12%

Balance & withdrawals

Min opening deposit
EGP 20,000
Min balance for interest
EGP 50,000
Max withdrawals/mo
100000
Overdraft allowed
No

Fees

Opening fee
EGP 150
Monthly fee
EGP 50
Quarterly fee
EGP 0
Below-minimum fee
EGP 100

Features & requirements

Debit card
Yes
Online banking
Yes
Mobile banking
Yes
Joint account
Yes
Minor account
No
For women
No
For pensioners
No

Do the maths

Step-Up Account plus

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 3.5

3.5 Banky rating

Pros

  • Tiered savings interest rates enabling you to earn more as you save more
  • Seamless access with a Debit Card
  • Available for joint account holders
  • Available to individuals (citizens and foreign nationals aged 21 or older), with the option to open joint accounts.

Cons

  • Minimum age of 21 years old
  • Lower returns on small balances: Returns on small amounts may not be rewarding compared to certain other specialized digital savings accounts.

Our take

The Step-Up Plus account is a balanced, practical choice for those wishing to open a traditional savings account that offers full flexibility for daily banking transactions—such as debit cards, joint accounts, and payment instructions—while benefiting from a tiered interest rate that rises with increased savings, alongside periodic profit payouts. If your goal is to save while maintaining transaction flexibility and choosing a payout frequency that suits you, this account effectively meets your needs. However, if your priority is securing the highest possible interest rate on fixed amounts without the use of cards or periodic withdrawals, then specialized digital accounts (such as Digital E-SAVER) or savings certificates might be a more profitable option.

The Step-Up Plus account is a balanced and practical option for those wishing to open a traditional savings account that offers full flexibility for day-to-day banking transactions.

Compare

Alternatives at a glance
Step-Up Account plus FABMISR This one Daily Saving Plus Account bank nxt Wafa Saver Attijariwafa bank Egypt Current account with daily interest Emirates NBD
Interest rate
5% – 13% 6% 4% – 7.5% 3% – 18%
Min. opening deposit
EGP 20K EGP 5,000 EGP 5,000 EGP 50K
Monthly fee
EGP 50 EGP 100 EGP 40 EGP 0
Compare with 3 similar savings

Added Tuesday 04 August 2026 - 01:02 PM Updated Saturday 10 October 2026 - 06:38 PM