Youth Savings Account — ARAB INTERNATIONAL BANK | Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

BANKY NOW 2 Nov 2026
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Youth Savings Account

ARAB INTERNATIONAL BANK · Savings · Egyptian Pound · 3.5 · Saturday 10 October 2026 - 01:11 AM

A youth-focused savings account (ages 15–21) with a low EGP 1,000 threshold, featuring a +1% bonus interest rate over normal rates, fee waivers, and a free debit card.

Interest rate
11% – 12%
Min. opening deposit
EGP 1,000
Monthly fee
EGP 0

Banky Analysis

Suits you if

  • Grow my savings the most
    • Net yield after fees higher than average
  • I want to start with a small amount
  • I want an account with banking features
    • More banking features 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
11%
Max rate
12%
Payout
Multiple
Rate tiers
  1. ≥ EGP 1,000 Compounded monthly
    11%
  2. ≥ EGP 1,000 Compounded quarterly
    11.5%
  3. ≥ EGP 1,000 Compounded semi-annually
    11.75%
  4. ≥ EGP 1,000 Compounded annually
    12%

Balance & withdrawals

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

Fees

Opening fee
EGP 200
Monthly fee
EGP 0
Quarterly fee
EGP 120
Below-minimum fee
EGP 0

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

Youth Savings 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 3.5

3.5 Banky rating

Pros

  • Completely free of fees with a low entry barrier (EGP 1,000) and a preferential rate (+1%), perfectly serving younger clients.

Cons

  • Age-restricted (up to 21 years old only), requiring conversion or account type adjustment upon reaching adulthood.

Our take

The Youth Monthly Savings Account is designed for individuals aged 15 to 21 to foster financial literacy and savings habits. It offers a bonus 1% interest rate over the standard monthly savings rate, zero opening fees or commissions, a free debit card, and digital banking access.

A youth-focused savings account (ages 15–21) with a low EGP 1,000 threshold, featuring a +1% bonus interest rate over normal rates, fee waivers, and a free debit card.

Compare

Alternatives at a glance
Youth Savings Account ARAB INTERNATIONAL BANK This one Super Daily Plus Savings Account bank nxt MID Prime Saving Account MID BANK Mega Saving Account banque du caire
Interest rate
11% – 12% 11% – 15.25% 11% – 17.75% 11% – 18.5%
Min. opening deposit
EGP 1,000 EGP 5,000 EGP 5,000 EGP 5,000
Monthly fee
EGP 0 EGP 100 EGP 0 EGP 0
Compare with 3 similar savings

Added Sunday 19 July 2026 - 03:33 PM Updated Wednesday 26 August 2026 - 10:10 PM