Safwa Traditional Account — the united bank | Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

BANKY NOW 2 Nov 2026
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Safwa Traditional Account

the united bank · Savings · Egyptian Pound · 4.0 · Wednesday 19 August 2026 - 12:40 AM

One of the strongest savings options for high-balance customers, offering high returns and flexible payout frequencies.

Interest rate
14.5% – 18%
Min. opening deposit
EGP 500K
Monthly fee
EGP 40

Banky Analysis

Suits you if

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

Not for you if

  • 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
14.5%
Max rate
18%
Payout
Multiple
Rate tiers
  1. EGP 500,000 – EGP 999,999 Compounded monthly
    14.5%
  2. EGP 500,000 – EGP 999,999 Compounded quarterly
    14.75%
  3. EGP 500,000 – EGP 999,999 Compounded semi-annually
    15%
  4. EGP 500,000 – EGP 999,999 Compounded annually
    15.25%
  5. EGP 1,000,000 – EGP 2,999,999 Compounded monthly
    14.5%
  6. EGP 1,000,000 – EGP 2,999,999 Compounded quarterly
    15.5%
  7. EGP 1,000,000 – EGP 2,999,999 Compounded semi-annually
    15.75%
  8. EGP 1,000,000 – EGP 2,999,999 Compounded annually
    16%
  9. EGP 3,000,000 – EGP 4,999,999 Compounded monthly
    14.75%
  10. EGP 3,000,000 – EGP 4,999,999 Compounded quarterly
    15.75%
  11. EGP 3,000,000 – EGP 4,999,999 Compounded semi-annually
    16%
  12. EGP 3,000,000 – EGP 4,999,999 Compounded annually
    16.25%
  13. EGP 5,000,000 – EGP 9,999,999 Compounded monthly
    14.75%
  14. EGP 5,000,000 – EGP 9,999,999 Compounded quarterly
    16%
  15. EGP 5,000,000 – EGP 9,999,999 Compounded semi-annually
    16.25%
  16. EGP 5,000,000 – EGP 9,999,999 Compounded annually
    16.5%
  17. EGP 10,000,000 – EGP 19,999,999 Compounded monthly
    14.75%
  18. EGP 10,000,000 – EGP 19,999,999 Compounded quarterly
    16.25%
  19. EGP 10,000,000 – EGP 19,999,999 Compounded semi-annually
    16.5%
  20. EGP 10,000,000 – EGP 19,999,999 Compounded annually
    17%
  21. EGP 20,000,000 – EGP 39,999,999 Compounded monthly
    15.25%
  22. EGP 20,000,000 – EGP 39,999,999 Compounded quarterly
    16.75%
  23. EGP 20,000,000 – EGP 39,999,999 Compounded semi-annually
    17%
  24. EGP 20,000,000 – EGP 39,999,999 Compounded annually
    17.25%
  25. EGP 40,000,000 – EGP 74,999,999 Compounded monthly
    15.25%
  26. EGP 40,000,000 – EGP 74,999,999 Compounded quarterly
    17%
  27. EGP 40,000,000 – EGP 74,999,999 Compounded semi-annually
    17.25%
  28. EGP 40,000,000 – EGP 74,999,999 Compounded annually
    17.75%
  29. ≥ EGP 75,000,000 Compounded monthly
    15.75%
  30. ≥ EGP 75,000,000 Compounded quarterly
    17.25%
  31. ≥ EGP 75,000,000 Compounded semi-annually
    17.5%
  32. ≥ EGP 75,000,000 Compounded annually
    18%

Balance & withdrawals

Min opening deposit
EGP 500,000
Min balance for interest
EGP 500,000
Overdraft allowed
No

Fees

Opening fee
EGP 120
Monthly fee
EGP 40
Quarterly fee
EGP 0
Below-minimum fee
EGP 100

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

Safwa Traditional 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 4.0

4.0 Banky rating

Pros

  • High and competitive return: Up to 17.25% annually depending on the payout frequency and balance tier.
  • High payout flexibility: Monthly, quarterly, semi-annual or annual.

Cons

  • Very high minimum balance

Our take

Safwa is one of the strongest options in the list, combining a high return with flexible payout frequencies. It is particularly attractive for high-balance customers, while the EGP 500,000 minimum and lowest-balance calculation make it less suitable for smaller savers.

One of the strongest savings options for high-balance customers, offering high returns and flexible payout frequencies.

Compare

Alternatives at a glance
Safwa Traditional Account the united bank This one Ahlan Digital Account Credit Agricole Egypt Monthly Saving Plus account bank nxt Sitara Plus Savings Account saib bank
Interest rate
14.5% – 18% 15.75% 13% – 18% 12.5% – 15.75%
Min. opening deposit
EGP 500K EGP 500 EGP 5,000 EGP 20K
Monthly fee
EGP 40 EGP 60 EGP 100 EGP 40
Compare with 3 similar savings

Added Tuesday 18 August 2026 - 01:43 PM Updated Monday 19 October 2026 - 12:00 AM