Start 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
  • 🇺🇸 USD Buy 55.28 Sell 55.42 −0.08 −0.15%
  • 🇪🇺 EUR Buy 61.80 Sell 61.97 −0.25 −0.40%
  • 🇬🇧 GBP Buy 74.13 Sell 74.34 −0.11 −0.15%
  • 🇸🇦 SAR Buy 14.73 Sell 14.77 −0.02 −0.16%
  • 🇦🇪 AED Buy 15.05 Sell 15.09 −0.02 −0.15%
  • 🇰🇼 KWD Buy 179.43 Sell 179.94 −0.22 −0.12%
  • 24 Karat 7,040.00 +25.00 +0.36%
  • 21 Karat 6,160.00 +20.00 +0.33%
  • 18 Karat 5,280.00 +15.00 +0.28%
  • Gold Pound 49,280.00 +160.00 +0.33%
  • Ounce 218,970.00 +710.00 +0.33%
Islamic

Start Account

Al Baraka Bank Egypt · Savings · Islamic · Egyptian Pound · 4.0 · Wednesday 19 August 2026 - 07:12 PM

The Start Account is designed for young customers aged 15 to 21, offering 13% annual interest credited monthly, with a debit card and Internet Banking, and a maximum balance of EGP 500,000.

Interest rate
13%
Min. opening deposit
EGP 1,000
Monthly fee
EGP 5

Returns

Interest type
Floating
Base rate
13%
Payout
Compounded monthly
Rate tiers
  1. ≥ EGP 3,000
    13%

Balance & withdrawals

Min opening deposit
EGP 1,000
Min balance for interest
EGP 3,000
Overdraft allowed
No

Fees

Opening fee
EGP 0
Monthly fee
EGP 5
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
Yes
For women
No
For pensioners
No

Do the maths

Start Account

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 4.0

4.0 Banky rating

Pros

  • Issuance of a debit card
  • The account can be accessed and managed through Internet Banking

Cons

  • The maximum account balance is EGP 500,000

Our take

The Start Account is designed for young customers aged 15 to 21, with a minimum opening balance of EGP 1,000. Interest is calculated on balances starting from EGP 3,000 at a variable annual rate of 13%, based on the lowest monthly balance and credited monthly. The account also offers a debit card, Internet Banking access, and a maximum account balance of EGP 500,000.

The Start Account is designed for young customers aged 15 to 21, offering 13% annual interest credited monthly, with a debit card and Internet Banking, and a maximum balance of EGP 500,000.

Compare

Alternatives at a glance
Start Account Al Baraka Bank Egypt This one Sanaa Saving Account Al Baraka Bank Egypt Reward Account Kuwait Finance House Egypt Free Investment Faisal Islamic Bank-Egypt
Interest rate
13% 13% 15% 4.8%
Min. opening deposit
EGP 1,000 EGP 1,000 EGP 50K EGP 5,000
Monthly fee
EGP 5 EGP 0 EGP 0 EGP 0
Compare with 3 similar savings

Added Tuesday 19 May 2026 - 10:04 PM Updated Monday 19 October 2026 - 09:14 PM