Grant Savings Account
- Interest rate
- 15.25%
- Min. opening deposit
- EGP 2,000
- Monthly fee
- EGP 0
Banky Analysis
4.5/5
Suits you if
- Grow my savings the most
- Net yield after fees higher 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
- 15.25%
- Payout
- Compounded monthly
Balance & withdrawals
- Min opening deposit
- EGP 2,000
- Min balance for interest
- EGP 10,000
- Overdraft allowed
- No
Fees
- Opening fee
- EGP 2,000
- Monthly fee
- EGP 0
- Quarterly fee
- EGP 170
- 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
Our take
Pros
- Fixed return with monthly payouts: The account offers a fixed return of 15.25%, paid out on a monthly basis, providing a regular, recurring income that helps the family or guardian cover a portion of the children’s ongoing expenses.
Cons
- Minimum balance requirements and account opening fees: The account requires a minimum balance of 10,000 EGP to qualify for interest, in addition to an account opening fee of 2,000 EGP—a financial burden that may prevent small savers from benefiting from the product.
Our take
The "Grant Savings Account" (Hesab Al-Minha) from the Egyptian Arab Land Bank is a savings and investment tool designed for guardians who wish to secure their children's future. It offers a fixed annual return of 15.25%, paid out on a monthly basis. While it provides an opportunity to build a savings fund for children, the account’s terms impose certain financial requirements—specifically, a relatively high minimum balance threshold (10,000 EGP) to qualify for interest, as well as account-opening fees that are notably high.
Compare
| Grant Savings Account Egyptian Arab Land Bank This one | Ahlan Digital Account Credit Agricole Egypt | Monthly Saving Plus account bank nxt | Sitara Plus Savings Account saib bank |
|---|---|---|---|
| Interest rate | |||
| 15.25% | 15.75% | 13% – 18% | 12.5% – 15.75% |
| Min. opening deposit | |||
| EGP 2,000 | EGP 500 | EGP 5,000 | EGP 20K |
| Monthly fee | |||
| EGP 0 | EGP 60 | EGP 100 | EGP 40 |
Added Monday 26 October 2026 - 11:18 PM Updated Monday 26 October 2026 - 11:40 PM