Top 5 Savings Accounts in August 2021

Publish Date: in Finance Today

Top 5 Savings Accounts in August 2021

Which saving account provides the highest interest?

Savings accounts are considered one of the most popular banking products for bank customers, such as transferring pensions or salaries to them. In contrast to the current account, which can also be transferred to the pension, the savings account is linked to the debit cards, and the debit card that you can use in purchases from a place where there is a point of sale machine.


 

The benefits on this type of account vary between monthly interest, quarterly interest, half yearly interest, and annual interest. Almost all banks share the papers required to open accounts, which includes::


 

  • A valid national ID card

 

  • Income statement
     

Here are the top 5 savings accounts in August 2021:

 

 

1- Abu Dhabi Commercial Bank (ADCB)

 

-Account name : Tawfeer Plus

-Interest Rate: from to 6.75% up to 7.50% annually

-Minimum balance to open an account: 5,000 EGP

-Minimum balance to earn interest:  5,000 EGP



 

2- Audi Bank

 

-Account name: Step Up

-Interest Rate: from 5.10% to 8% annually

-Minimum balance to open an account: 500 EGP

-Minimum balance to earn interest: 20,000 EGP




 

3- Banque Misr (BM)

 

-Account name: Youth Saving Account

-Interest Rate: From 4.75% up to 5.25% annually

-Minimum balance to open an account: 500 EGP

-Minimum balance to earn interest: 500 EGP



 

4- Arab African International Bank (AAIB)

 

-Account name: Golden 

-Interest Rate: from 4.25% to 8% annually

-Minimum balance to open an account: 5,000 EGP

-Minimum balance to earn interest:  5,000 EGP




 

5- National Bank of Egypt (NBE)

 

-Account name : Saving Account

-Interest Rate: From 3.20% up to 5.25% annually

-Minimum balance to open an account: 1,000 EGP

-Minimum balance to earn interest: 3,001 EGP