Annual Saving Account — Al Baraka Bank Egypt | Banky

Editor-in-Chief Mohamed Salah

ع

Editor-in-Chief Mohamed Salah

BANKY NOW 3 Nov 2026
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Islamic

Annual Saving Account

Al Baraka Bank Egypt · Savings · Islamic · Egyptian Pound · 2.7 · Wednesday 19 August 2026 - 07:08 PM

An annual savings account for individuals offering a variable interest rate of up to 9.00%, calculated on the lowest monthly balance and credited annually, with a debit card and Internet Banking services.

Interest rate
3% – 9%
Min. opening deposit
EGP 3,000
Monthly fee
EGP 40

Returns

Interest type
Floating
Base rate
3%
Max rate
9%
Payout
Compounded annually
Rate tiers
  1. EGP 5,000 – EGP 49,000
    3%
  2. EGP 50,000 – EGP 999,999
    4%
  3. EGP 1,000,000 – EGP 4,999,999
    5%
  4. EGP 5,000,000 – EGP 9,999,999
    6%
  5. EGP 10,000,000 – EGP 14,999,999
    7%
  6. EGP 15,000,000 – EGP 19,999,999
    8%
  7. ≥ EGP 20,000,000
    9%

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

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Annual Saving Account

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

Our take 2.7

2.7 Banky rating

Pros

  • The account can be accessed and services can be subscribed to through Internet Banking
  • Issuance of a debit card

Cons

  • The interest rate on the account is relatively low

Our take

The account offers a variable annual interest rate of up to 9.00%, calculated based on the lowest monthly balance and credited once a year. It also provides a debit card and access to Internet Banking services. Interest calculation starts from a balance of EGP 3,000, with the interest rate varying according to the account balance tier.

An annual savings account for individuals offering a variable interest rate of up to 9.00%, calculated on the lowest monthly balance and credited annually, with a debit card and Internet Banking services.

Compare

Alternatives at a glance
Annual Saving Account Al Baraka Bank Egypt This one Al Ghina Abu Dhabi Islamic Bank Egypt My Daily Account Kuwait Finance House Egypt Free Investment Faisal Islamic Bank-Egypt
Interest rate
3% – 9% 5% – 16.5% Interest rate (Tiered)3% – 4% 4.8%
Min. opening deposit
EGP 3,000 EGP 250K EGP 1,000 EGP 5,000
Monthly fee
EGP 40 EGP 30 EGP 0 EGP 0
Compare with 3 similar savings

Added Tuesday 19 May 2026 - 10:02 PM Updated Monday 19 October 2026 - 09:06 PM