Step Up Account — Egbank | 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

Egbank · Savings · Egyptian Pound · 2.0 · Tuesday 20 October 2026 - 01:11 AM

The Egyptian Gulf Bank offers a Tiered Savings Account with annual interest rates of up to 5% for monthly payouts and Up to 5.5% for quarterly payouts, calculated on the lowest credit balance, with 24/7 ATM access locally and internationally.

Interest rate
2% – 5.5%
Min. opening deposit
EGP 5,000
Monthly fee
EGP 0

Banky Analysis

Not for you if

  • Grow my savings the most
    • Net yield after fees lower than average
  • I want to start with a small amount
  • I want an account with banking features
    • More banking features 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
2%
Max rate
5.5%
Payout
Multiple
Rate tiers
  1. EGP 2,000 – EGP 9,999 Compounded monthly
    2%
  2. EGP 2,000 – EGP 9,999 Compounded quarterly
    2.25%
  3. EGP 10,000 – EGP 49,999 Compounded monthly
    2.5%
  4. EGP 10,000 – EGP 49,999 Compounded quarterly
    2.75%
  5. EGP 50,000 – EGP 99,999 Compounded monthly
    3%
  6. EGP 50,000 – EGP 99,999 Compounded quarterly
    3.25%
  7. EGP 100,000 – EGP 499,999 Compounded monthly
    3.5%
  8. EGP 100,000 – EGP 499,999 Compounded quarterly
    3.75%
  9. EGP 500,000 – EGP 999,999 Compounded monthly
    4%
  10. EGP 500,000 – EGP 999,999 Compounded quarterly
    4.25%
  11. EGP 1,000,000 – EGP 4,999,999 Compounded monthly
    4%
  12. EGP 1,000,000 – EGP 4,999,999 Compounded quarterly
    4.5%
  13. ≥ EGP 5,000,000 Compounded monthly
    5%
  14. ≥ EGP 5,000,000 Compounded quarterly
    5.5%

Balance & withdrawals

Min opening deposit
EGP 5,000
Min balance for interest
EGP 0
Overdraft allowed
No

Fees

Opening fee
EGP 150
Monthly fee
EGP 0
Quarterly fee
EGP 300
Below-minimum fee
EGP 0

Features & requirements

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

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Results are estimates for guidance only and may differ from a bank's actual offer.

Our take 2.0

2.0 Banky rating

Pros

  • Access your accounts 24/7 through Egyptian Gulf Bank ATMs or any ATM displaying the 123 logo, locally and internationally.
  • The account operates on a tiered interest rate system, meaning the higher the balance, the higher the return

Cons

  • The account is available to individual customers only.

Our take

The Egyptian Gulf Bank offers a Tiered Savings Account with interest rates of up to 5% annually for monthly payouts and Up To 5.5% annually for quarterly payouts, depending on the account balance tier. Interest is calculated based on the lowest credit balance in the account. Customers can access their funds 24/7 through Egyptian Gulf Bank ATMs or any ATM operating on the 123 network, locally and internationally.

The Egyptian Gulf Bank offers a Tiered Savings Account with annual interest rates of up to 5% for monthly payouts and Up to 5.5% for quarterly payouts, calculated on the lowest credit balance, with 24/7 ATM access locally and internationally.

Compare

Alternatives at a glance
Step Up Account Egbank This one Everyday Savers CIB Egypt saving account MID BANK Current account with monthly interest Emirates NBD
Interest rate
2% – 5.5% 2% – 10% 2.75% – 8.75% 1% – 6% Interest rate (Tiered)
Min. opening deposit
EGP 5,000 EGP 20K EGP 2,000 EGP 10K
Monthly fee
EGP 0 EGP 0 EGP 0 EGP 0
Compare with 3 similar savings

Added Tuesday 20 October 2026 - 12:38 AM Updated Tuesday 20 October 2026 - 02:49 PM