I- Save account — Al Baraka Bank Egypt | Banky

Editor-in-Chief Mohamed Salah

ع

Editor-in-Chief Mohamed Salah

BANKY NOW 3 Nov 2026
  • Central Bank of Egypt
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Islamic

I- Save account

Al Baraka Bank Egypt · Savings · Islamic · Egyptian Pound · 4.0 · Wednesday 19 August 2026 - 01:21 PM

A flexible account with a variable return of up to 12%, calculated daily and credited monthly, with online account management and free account opening

Interest rate
12%
Min. opening deposit
EGP 3,000
Monthly fee
EGP 40

Returns

Interest type
Floating
Base rate
12%
Payout
Compounded monthly
Rate tiers
  1. ≥ EGP 5,000
    12%

Balance & withdrawals

Min opening deposit
EGP 3,000
Min balance for interest
EGP 5,000
Overdraft allowed
No

Fees

Opening fee
EGP 0
Monthly fee
EGP 40
Quarterly fee
EGP 0
Below-minimum fee
EGP 100

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

I- Save account

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 4.0

4.0 Banky rating

Pros

  • Funds can be added to the account through internal transfers between the customer’s accounts within the bank via digital channels, incoming transfers from other banks, or deposits through ATMs
  • Account opening is free of charge.

Cons

  • All services available through the bank’s digital channels cannot be accessed through the bank’s branches.
  • Cash withdrawals and deposits are not available through the bank’s branches, except for the first deposit into the main account of a new customer

Our take

The I Save Account offers a variable annual return of up to 12%, calculated daily and credited at the end of each month. It also allows customers to manage their accounts and conduct transactions through online banking and the mobile application, with free account opening.

A flexible account with a variable return of up to 12%, calculated daily and credited monthly, with online account management and free account opening

Compare

Alternatives at a glance
I- Save account Al Baraka Bank Egypt This one Start Account Al Baraka Bank Egypt Elevate Account Kuwait Finance House Egypt Free Investment Faisal Islamic Bank-Egypt
Interest rate
12% 13% 10.5% – 18% 4.8%
Min. opening deposit
EGP 3,000 EGP 1,000 EGP 5,000 EGP 5,000
Monthly fee
EGP 40 EGP 5 EGP 0 EGP 0
Compare with 3 similar savings

Added Tuesday 19 May 2026 - 09:58 PM Updated Monday 19 October 2026 - 08:37 PM