Monthly Saving Account — Al Baraka Bank Egypt | Banky

Editor-in-Chief Mohamed Salah

ع

Editor-in-Chief Mohamed Salah

BANKY NOW 2 Nov 2026
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Islamic

Monthly Saving Account

Al Baraka Bank Egypt · Savings · Islamic · Egyptian Pound · 4.7 · Wednesday 19 August 2026 - 01:38 PM

A suitable savings account for individuals, offering a variable monthly return, convenient online banking, and higher returns based on the account balance

Interest rate
6% – 16%
Min. opening deposit
EGP 3,000
Monthly fee
EGP 40

Returns

Interest type
Floating
Base rate
6%
Max rate
16%
Payout
Compounded monthly
Rate tiers
  1. EGP 5,000 – EGP 49,999
    6%
  2. EGP 50,000 – EGP 499,999
    9%
  3. EGP 500,000 – EGP 999,999
    11%
  4. EGP 1,000,000 – EGP 2,999,999
    12%
  5. EGP 3,000,000 – EGP 4,999,999
    13%
  6. EGP 5,000,000 – EGP 9,999,999
    13.5%
  7. EGP 10,000,000 – EGP 49,999,999
    14.75%
  8. ≥ EGP 50,000,000
    16%

Balance & withdrawals

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

Fees

Opening fee
EGP 150
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

Monthly Saving Account

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

Our take 4.7

4.7 Banky rating

Pros

  • Monitoring your account balance, as well as conducting various financial transactions through the online banking service.
  • Account statements are sent quarterly.

Cons

  • The account is available to individuals only.

Our take

Al Baraka Bank Egypt’s Monthly Savings Account is a suitable banking option for individuals looking to save while earning a variable return credited monthly, with the convenience of online banking services and easy account monitoring. The increasing return rates for higher balances are an attractive feature for customers with larger savings; however, it is important to note that the return is variable and is calculated based on the minimum balance maintained during the month.

A suitable savings account for individuals, offering a variable monthly return, convenient online banking, and higher returns based on the account balance

Compare

Alternatives at a glance
Monthly Saving Account Al Baraka Bank Egypt This one Female Account Kuwait Finance House Egypt Free Investment Faisal Islamic Bank-Egypt Al Ghina Abu Dhabi Islamic Bank Egypt
Interest rate
6% – 16% 6% 4.8% 5% – 16.5% Interest rate (Tiered)
Min. opening deposit
EGP 3,000 EGP 5,000 EGP 5,000 EGP 250K
Monthly fee
EGP 40 EGP 0 EGP 0 EGP 30
Compare with 3 similar savings

Added Tuesday 19 May 2026 - 10:00 PM Updated Monday 19 October 2026 - 08:39 PM