Step Up Saving Account (USD) — Egbank | Banky

Editor-in-Chief Mohamed Salah

ع

Editor-in-Chief Mohamed Salah

BANKY NOW 2 Nov 2026
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Step Up Saving Account (USD)

Egbank · Savings · US Dollar · 2.0 · Tuesday 20 October 2026 - 02:35 PM

The USD Step-Up Savings Account offers tiered interest rates of up to 0.75% annually, a minimum opening balance of USD 500, and flexible interest payout options.

Interest rate
0.1% – 0.75%
Min. opening deposit
USD 500
Monthly fee
USD 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 USD only

Last checked Monday 02 November 2026 - 04:02 PM

Returns

Interest type
Fixed
Base rate
0.1%
Max rate
0.75%
Payout
Multiple
Rate tiers
  1. USD 500 – USD 49,999 Compounded monthly
    0.1%
  2. USD 500 – USD 49,999 Compounded quarterly
    0.15%
  3. USD 500 – USD 49,999 Compounded semi-annually
    0.2%
  4. USD 500 – USD 49,999 Compounded annually
    0.25%
  5. USD 50,000 – USD 99,999 Compounded monthly
    0.2%
  6. USD 50,000 – USD 99,999 Compounded quarterly
    0.25%
  7. USD 50,000 – USD 99,999 Compounded semi-annually
    0.3%
  8. USD 50,000 – USD 99,999 Compounded annually
    0.35%
  9. USD 100,000 – USD 499,999 Compounded monthly
    0.3%
  10. USD 100,000 – USD 499,999 Compounded quarterly
    0.35%
  11. USD 100,000 – USD 499,999 Compounded semi-annually
    0.4%
  12. USD 100,000 – USD 499,999 Compounded annually
    0.45%
  13. USD 500,000 – USD 999,999 Compounded monthly
    0.4%
  14. USD 500,000 – USD 999,999 Compounded quarterly
    0.45%
  15. USD 500,000 – USD 999,999 Compounded semi-annually
    0.5%
  16. USD 500,000 – USD 999,999 Compounded annually
    0.55%
  17. USD 1,000,000 – USD 4,999,999 Compounded monthly
    0.5%
  18. USD 1,000,000 – USD 4,999,999 Compounded quarterly
    0.55%
  19. USD 1,000,000 – USD 4,999,999 Compounded semi-annually
    0.6%
  20. USD 1,000,000 – USD 4,999,999 Compounded annually
    0.65%
  21. ≥ USD 5,000,000 Compounded monthly
    0.6%
  22. ≥ USD 5,000,000 Compounded quarterly
    0.65%
  23. ≥ USD 5,000,000 Compounded semi-annually
    0.7%
  24. ≥ USD 5,000,000 Compounded annually
    0.75%

Balance & withdrawals

Min opening deposit
USD 500
Min balance for interest
USD 50,000
Overdraft allowed
No

Fees

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

Features & requirements

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

Do the maths

Step Up Saving Account (USD)

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 2.0

2.0 Banky rating

Pros

  • Interest is calculated based on the lowest credit balance during the month.
  • Interest is credited monthly, quarterly, semi-annually, or annually, according to the customer's choice.

Cons

  • The account is available to natural persons only

Our take

The USD Step-Up Savings Account offers a minimum opening balance of USD 500, with interest rates of up to 0.60% for monthly payouts, 0.65% for quarterly payouts, 0.70% for semi-annual payouts, and 0.75% for annual payouts, applicable to the highest balance tier of USD 5 million and above. The account allows individuals to save in foreign currency while benefiting from tiered interest rates that increase with the balance, flexible interest payout frequencies to suit their needs, and interest calculated on the lowest credit balance during the month.

The USD Step-Up Savings Account offers tiered interest rates of up to 0.75% annually, a minimum opening balance of USD 500, and flexible interest payout options.

Compare

Alternatives at a glance
Step Up Saving Account (USD) Egbank This one Savers Account CIB Egypt Interest-bearing current account in US dollars Egbank US Dollar Savings Account HSBC EGYPT
Interest rate
0.1% – 0.75% 0.1% – 0.2% 0.1% – 0.75% 0.1%
Min. opening deposit
USD 500 USD 1,000 USD 50K USD 5,000
Monthly fee
USD 0 USD 0 USD 0 USD 0
Compare with 3 similar savings

Added Tuesday 20 October 2026 - 02:10 PM Updated Tuesday 20 October 2026 - 02:37 PM