Al Mostakabal Saving Account
It is a suitable, small-scale option for individuals wishing to hold limited cash savings in foreign currencies.
- Interest rate
- 1.5% – 2%
- Min. opening deposit
- USD 0
- Monthly fee
- USD 0
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
What's good
- Fees lower than average
All of this is measured against products in USD only
Last checked Monday 02 November 2026 - 04:02 PM
Returns
- Interest type
- Fixed
- Base rate
- 1.5%
- Max rate
- 2%
- Payout
- Multiple
- USD 100 – USD 5,0001%
- USD 100 – USD 5,0001.25%
- USD 5,001 – USD 20,0001.5%
- USD 5,001 – USD 20,0002%
Balance & withdrawals
- Min opening deposit
- USD 0
- Min balance for interest
- USD 100
- Max withdrawals/mo
- 300000
- Overdraft allowed
- No
Fees
- Opening fee
- USD 0
- Monthly fee
- USD 0
- Quarterly fee
- USD 1
- Below-minimum fee
- USD 0
Features & requirements
- Debit card
- No
- Online banking
- Yes
- Mobile banking
- Yes
- Joint account
- Yes
- Minor account
- Yes
- For women
- No
- For pensioners
- No
Do the maths
Our take
Pros
- No minimum balance to open an account: The bank allows you to open an account easily, without requiring a minimum initial deposit.
- It offers competitive annual returns (depending on the payout frequency and the account currency—US Dollar, Euro, or British Pound).
- Available to all customers aged 15 and older, with no upper age limit.
- An additional feature of the US Dollar account includes quarterly draws (January, April, July, and October) offering the chance to win cash prizes of EGP 50,000—credited to a prepaid card or local account—for every $100 maintained in the account over a three-month period.
- The ability to generate a free electronic account statement via the AlAhli Net / AlAhli Mobile app, as well as the option to purchase foreign currency certificates and deposits, with returns credited directly to the account.
Cons
- The bank imposes a maximum account balance limit of 20,000 (US dollars, euros, or British pounds), which is unsuitable for large foreign currency savings.
- No debit card available: The account does not allow the issuance of a debit card for direct foreign currency withdrawals and purchases.
- Periodic charges: Administrative fees equivalent to the account currency (1 unit) are deducted every three months, in addition to fees for paper account statements, if applicable.
Our take
It is a suitable, compact option for individuals wishing to hold limited foreign currency savings (under 20,000) and earn a modest return, while enjoying the convenience of opening and managing the account electronically (available to those over the age of 15). However, if foreign currency savings exceed the established limit (20,000), or if you are seeking higher returns and a long-term investment, the bank’s foreign currency savings certificates would be a better and more financially advantageous choice.
It is a suitable, small-scale option for individuals wishing to hold limited cash savings in foreign currencies.
Compare
| Al Mostakabal Saving Account National Bank of Egypt This one | Trust savings account Agricultural Bank of Egypt | Dollar savings account saib bank | savings account with progressive returns and monthly interest in US dollars. Emirates NBD |
|---|---|---|---|
| Interest rate | |||
| 1.5% – 2% | 1% – 3% | 0.95% – 1.05% | 0.5% – 3% Interest rate (Tiered) |
| Min. opening deposit | |||
| USD 0 | USD 1,000 | USD 0 | USD 200K |
| Monthly fee | |||
| USD 0 | USD 0 | USD 0 | USD 0 |
Added Saturday 10 October 2026 - 03:50 PM Updated Saturday 10 October 2026 - 05:09 PM