Current account with monthly interest — Emirates NBD | Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

BANKY NOW 3 Nov 2026
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Current account with monthly interest

Emirates NBD · Savings · Egyptian Pound · 3.5 · Monday 12 October 2026 - 12:02 AM

An individual EGP current account providing progressive interest credited monthly, requiring a minimum balance of 10k EGP.

Interest rate (Tiered)
1% – 6%
Min. opening deposit
EGP 10K
Monthly fee
EGP 0

Banky Analysis

Suits you if

  • 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
  • I want to start with a small amount

All of this is measured against products in EGP only

Last checked Monday 02 November 2026 - 04:02 PM

Returns

Interest type
Tiered
Base rate
1%
Max rate
6%
Payout
Compounded monthly
Rate tiers
  1. EGP 10,000 – EGP 49,999
    1%
  2. EGP 50,000 – EGP 349,999
    2%
  3. EGP 350,000 – EGP 999,999
    4%
  4. EGP 1,000,000 – EGP 4,999,999
    5%
  5. ≥ EGP 5,000,000
    6%

Balance & withdrawals

Min opening deposit
EGP 10,000
Min balance for interest
EGP 10,000
Overdraft allowed
No

Fees

Opening fee
EGP 250
Monthly fee
EGP 0
Quarterly fee
EGP 250
Below-minimum fee
EGP 150

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

Current account with monthly interest

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 3.5

3.5 Banky rating

Pros

  • Lower minimum balance requirement to start earning interest (10,000 EGP) compared to the daily option.

Cons

  • Interest is paid out at the end of the month rather than daily, with relatively lower interest rates compared to the daily account.

Our take

The monthly interest option for the Current Plus Account offers individual customers a unique opportunity to grow their EGP funds, with interest calculated daily on the closing balance and credited monthly, provided a minimum balance of 10,000 EGP is maintained throughout the month, alongside withdrawal and checkbook facilities.

An individual EGP current account providing progressive interest credited monthly, requiring a minimum balance of 10k EGP.

Compare

Alternatives at a glance
Current account with monthly interest Emirates NBD This one AAIB Youth Arab African International Bank Ahlan Account Credit Agricole Egypt Everyday Savers CIB Egypt
Interest rate (Tiered)
1% – 6% 16% Interest rate14.75% Interest rate2% – 10% Interest rate
Min. opening deposit
EGP 10K EGP 0 EGP 3,000 EGP 20K
Monthly fee
EGP 0 EGP 10 EGP 60 EGP 0
Compare with 3 similar savings

Added Monday 18 May 2026 - 02:08 PM Updated Sunday 25 October 2026 - 10:41 PM