Plus Account — QNB EGYPT | Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

BANKY NOW 2 Nov 2026
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Plus Account

QNB EGYPT · Savings · Egyptian Pound · 4.5 · Friday 09 October 2026 - 05:24 PM

The Tawfeer Plus Savings Account offers low-barrier account opening with monthly interest payouts and full liquidity, but suffers from low return rates on smaller balances and interest calculations based strictly on the lowest balance of the month.

Interest rate
0.75% – 16.5%
Min. opening deposit
EGP 1,000
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
0.75%
Max rate
16.5%
Payout
Compounded monthly
Rate tiers
  1. EGP 20,000 – EGP 99,999
    0.75%
  2. EGP 100,000 – EGP 499,999
    1%
  3. EGP 500,000 – EGP 999,999
    1.5%
  4. EGP 1,000,000 – EGP 4,999,999
    2.5%
  5. EGP 5,000,000 – EGP 9,999,999
    3.75%
  6. EGP 10,000,000 – EGP 14,999,999
    9.75%
  7. EGP 15,000,000 – EGP 19,999,999
    14%
  8. ≥ EGP 20,000,000
    16.5%

Balance & withdrawals

Min opening deposit
EGP 1,000
Min balance for interest
EGP 20,000
Overdraft allowed
No

Fees

Opening fee
EGP 130
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

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Plus Account

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

Our take 4.5

4.5 Banky rating

Pros

  • Low Opening Balance: Account opening starts at a low barrier of just EGP 1,000, making it accessible to a wide range of customers.
  • 24/7 Liquidity & Access: Complete flexibility to withdraw or transfer funds anytime via debit cards and online/mobile banking without lock-in periods.

Cons

  • Lowest Monthly Balance Calculation: Interest is calculated based on the lowest balance reached during the entire month, meaning a single withdrawal reduces interest earned on the rest of the funds for that month.

Our take

The Tawfeer Plus Savings Account in EGP is a traditional tiered savings product designed for customers seeking monthly interest payouts while retaining 24/7 access to their funds via debit cards and digital banking. Although it offers a low minimum opening balance (EGP 1,000), calculating interest based on the "lowest balance of the month" alongside low rates for lower-to-mid tiers reduces its overall yield competitiveness compared to other savings options.

The Tawfeer Plus Savings Account offers low-barrier account opening with monthly interest payouts and full liquidity, but suffers from low return rates on smaller balances and interest calculations based strictly on the lowest balance of the month.

Compare

Alternatives at a glance
Plus Account QNB EGYPT This one Current account with monthly interest Emirates NBD AAIB Youth Arab African International Bank Ahlan Account Credit Agricole Egypt
Interest rate
0.75% – 16.5% 1% – 6% Interest rate (Tiered)16% 14.75%
Min. opening deposit
EGP 1,000 EGP 10K EGP 0 EGP 3,000
Monthly fee
EGP 0 EGP 0 EGP 10 EGP 60
Compare with 3 similar savings

Added Tuesday 30 June 2026 - 01:36 PM Updated Wednesday 26 August 2026 - 10:10 PM