Waffar Savings Account (Financial Inclusion) — banque du caire | Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

BANKY NOW 2 Nov 2026
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Waffar Savings Account (Financial Inclusion)

banque du caire · Savings · Egyptian Pound · 3.0 · Monday 26 October 2026 - 05:38 PM

A savings account offering 6% interest from a balance of EGP 1, with free account opening and a Meeza debit card.

Interest rate
6%
Min. opening deposit
EGP 0
Monthly fee
EGP 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 lower than average

What's good

  • No maintenance fees

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
6%
Max rate
6%
Payout
Compounded monthly

Balance & withdrawals

Min opening deposit
EGP 0
Min balance for interest
EGP 1
Max withdrawals/mo
300000
Overdraft allowed
No

Fees

Opening fee
EGP 0
Monthly fee
EGP 0
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

Waffar Savings Account (Financial Inclusion)

See how regular monthly deposits grow your balance over time.

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

Our take 3.0

3.0 Banky rating

Pros

  • The account can be opened for free with no minimum balance.
  • A 6% return is calculated, starting from as little as one pound.
  • The "Meeza" card is issued free of charge, making it suitable for small-scale savers.

Cons

  • Balance and Transaction Limits: The account has a maximum total balance of EGP 1 million, daily debit transaction limits of EGP 90,000, and monthly limits of EGP 300,000. The lack of a checkbook may further limit its flexibility for some customers.

Our take

Banque du Caire’s Waffar Savings Account is a suitable option for customers looking to start saving with small amounts. It can be opened free of charge with no minimum opening balance and offers an annual interest rate of 6%, starting from a balance of EGP 1 and calculated on the lowest balance during the month, with a maximum balance of EGP 1 million. Other benefits include eligibility from age 15 without a guardian, a free Meeza debit card, online and mobile banking, and ATM deposits and withdrawals. However, the account imposes balance and transaction limits and does not offer a checkbook, which may make it less suitable for customers with more complex banking needs or high-value transactions.

A savings account offering 6% interest from a balance of EGP 1, with free account opening and a Meeza debit card.

Compare

Alternatives at a glance
Waffar Savings Account (Financial Inclusion) banque du caire This one Daily Saving Plus Account bank nxt Saving Account National Bank of Egypt Wafa Saver Attijariwafa bank Egypt
Interest rate
6% 6% 7.5% – 11.5% 4% – 7.5%
Min. opening deposit
EGP 0 EGP 5,000 EGP 5,000 EGP 5,000
Monthly fee
EGP 0 EGP 100 EGP 30 EGP 40
Compare with 3 similar savings

Added Monday 26 October 2026 - 05:35 PM Updated Monday 26 October 2026 - 05:38 PM