Ultra Savings Account — Alex Bank | Banky

Editor-in-Chief Mohamed Salah

ع

Editor-in-Chief Mohamed Salah

BANKY NOW 2 Nov 2026
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Ultra Savings Account

Alex Bank · Savings · Egyptian Pound · 4.8 · Thursday 20 August 2026 - 02:11 PM
Interest rate
17%
Min. opening deposit
EGP 2,500
Monthly fee
EGP 100

Banky Analysis

Suits you if

  • I want to start with a small amount
  • 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 higher than average

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
17%
Max rate
17%
Payout
Compounded monthly
Rate tiers
  1. EGP 100,000 – EGP 749,999
    11%
  2. EGP 750,000 – EGP 2,499,999
    13%
  3. EGP 2,500,000 – EGP 4,999,999
    14%
  4. EGP 5,000,000 – EGP 19,999,999
    16.5%
  5. EGP 20,000,000 – EGP 49,999,999
    17%
  6. ≥ EGP 50,000,000
    17%

Balance & withdrawals

Min opening deposit
EGP 2,500
Min balance for interest
EGP 100,000
Overdraft allowed
No

Fees

Opening fee
EGP 350
Monthly fee
EGP 100
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

Ultra 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 4.8

4.8 Banky rating

Pros

  • The return is paid out monthly, with easy access to digital banking and wallet apps.

Cons

  • The minimum amount required to earn interest (100,000 pounds) is much higher compared to the minimum to open an account (2,500 pounds), which means any amount below that won’t earn any interest.

Our take

The 'Ultra Savings' account from Alexandria Bank offers a flexible investment option that gives the customer a monthly return with a tiered interest system, but it mainly targets high-value amounts.

Compare

Alternatives at a glance
Ultra Savings Account Alex Bank This one Super Daily Plus Savings Account bank nxt MID Prime Saving Account MID BANK Mega Saving Account banque du caire
Interest rate
17% 11% – 15.25% 11% – 17.75% 11% – 18.5%
Min. opening deposit
EGP 2,500 EGP 5,000 EGP 5,000 EGP 5,000
Monthly fee
EGP 100 EGP 100 EGP 0 EGP 0
Compare with 3 similar savings

Added Thursday 20 August 2026 - 01:51 PM Updated Monday 19 October 2026 - 03:50 PM