Small Saving Account — National Bank of Egypt | Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

BANKY NOW 2 Nov 2026
  • Central Bank of Egypt
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Small Saving Account

National Bank of Egypt · Savings · Egyptian Pound · 4.0 · Saturday 10 October 2026 - 03:29 PM

This account is an ideal choice, specifically designed for young people or individuals with small, limited savings.

Interest rate
8.75%
Min. opening deposit
EGP 1,000
Monthly fee
EGP 30

Banky Analysis

Suits you if

  • I want to start with a small amount
  • 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

All of this is measured against products in EGP only

Last checked Monday 02 November 2026 - 04:02 PM

Returns

Interest type
Fixed
Base rate
8.75%
Max rate
8.75%
Payout
Compounded annually
Rate tiers
  1. EGP 3,001 – EGP 30,000
    8.75%
  2. EGP 30,001 – EGP 50,000
    7.75%
  3. EGP 50,001 – EGP 100,000
    7%
  4. ≥ EGP 100,001
    6.5%

Balance & withdrawals

Min opening deposit
EGP 1,000
Min balance for interest
EGP 3,001
Max withdrawals/mo
100000
Overdraft allowed
No

Fees

Opening fee
EGP 100
Monthly fee
EGP 30
Quarterly fee
EGP 125
Below-minimum fee
EGP 50

Features & requirements

Debit card
Yes
Online banking
Yes
Mobile banking
Yes
Joint account
Yes
Minor account
Yes
For women
No
For pensioners
No

Do the maths

Small Saving 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

  • The account balance earns a preferential return on amounts up to EGP 30,000.
  • Waiver of account opening fees and the minimum opening balance requirement when opening your account via AlAhliNet or AlAhliMobile.
  • A joint account (in the names of more than one person) can be opened.
  • The bank allows accounts to be opened with a minimum balance of just 1,000 pounds, making it accessible to a wide range of small savers.
  • Ability to manage the account via online banking and obtain a debit card for withdrawals and purchases.

Cons

  • The account offers a relatively high yield only on small balances, but the rate gradually decreases as the balance increases.
  • The calculation of the actual return begins only for balances exceeding EGP 3,000 (calculation starts from EGP 3,001).

Our take

This account is an ideal choice designed specifically for young people or individuals with modest savings (30,000 EGP or less) who wish to invest their funds and earn a good return without requiring a large initial capital. However, if you possess substantial funds or savings exceeding 100,000 EGP, this account would not be financially advantageous, as the return rates for large balances are lower; in such cases, alternatives—such as tiered savings accounts or savings certificates—would be far more profitable options.

This account is an ideal choice, specifically designed for young people or individuals with small, limited savings.

Compare

Alternatives at a glance
Small Saving Account National Bank of Egypt This one Daily Saving Plus Account bank nxt Saving Account National Bank of Egypt Wafa Saver Attijariwafa bank Egypt
Interest rate
8.75% 6% 7.5% – 11.5% 4% – 7.5%
Min. opening deposit
EGP 1,000 EGP 5,000 EGP 5,000 EGP 5,000
Monthly fee
EGP 30 EGP 100 EGP 30 EGP 40
Compare with 3 similar savings

Added Monday 13 July 2026 - 02:16 PM Updated Saturday 10 October 2026 - 03:29 PM