Al Mashreq New Savings Account — Mashreq Egypt | Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

BANKY NOW 2 Nov 2026
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Al Mashreq New Savings Account

Mashreq Egypt · Savings · Egyptian Pound · 4.5 · Tuesday 18 August 2026 - 12:12 PM
Interest rate
16%
Min. opening deposit
EGP 0
Monthly fee
EGP 0

Banky Analysis

Suits you if

  • Grow my savings the most
    • Net yield after fees higher than average
  • I want to start with a small amount
  • I want an account with banking features
    • More banking features than average

What's good

  • No maintenance fees

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
16%
Payout
Compounded monthly
Rate tiers
  1. EGP 5,000 – EGP 49,999
    11%
  2. EGP 50,000 – EGP 499,000
    12%
  3. EGP 500,000 – EGP 1,000,000
    16%

Balance & withdrawals

Min opening deposit
EGP 0
Min balance for interest
EGP 50,000
Overdraft allowed
No

Fees

Opening fee
EGP 0
Monthly fee
EGP 0
Quarterly fee
EGP 0
Below-minimum fee
EGP 0

Features & requirements

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

Do the maths

Al Mashreq New 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 4.5

4.5 Banky rating

Pros

  • Ease and speed of procedures: You can open an account electronically from your phone in seconds with no account opening fees.

Cons

  • Interest rate scale: To get the maximum interest (16%), the customer needs to keep a high balance starting from 500,000 to 1,000,000 EGP, while amounts less than 50,000 EGP get a lower return of 11%.

Our take

The e&Mashreq NEO Savings Account offers a flexible digital banking experience that fits modern saving needs; it allows you to open an account for free with no minimum balance, with daily interest calculation and monthly payouts of up to 16%.

Compare

Alternatives at a glance
Al Mashreq New Savings Account Mashreq Egypt This one Super Daily Plus Savings Account bank nxt MID Prime Saving Account MID BANK Mega Saving Account banque du caire
Interest rate
16% 11% – 15.25% 11% – 17.75% 11% – 18.5%
Min. opening deposit
EGP 0 EGP 5,000 EGP 5,000 EGP 5,000
Monthly fee
EGP 0 EGP 100 EGP 0 EGP 0
Compare with 3 similar savings

Added Tuesday 18 August 2026 - 12:02 PM Updated Monday 26 October 2026 - 12:51 AM