Interest is calculated starting from 5000 EGP only
No fees to open
The savings account is free with no fees to open the account
Fast and easy procedures
Open a savings account from your mobile phone in just a few seconds
Open an account
There is no minimum balance to open an account.
Minimum balance
The minimum average balance during the month is EGP 2,000 applied after the first three months of opening the account
Interest payment
Interest is calculated daily and paid monthly
Competitive Interest rates
EGP 5,000 to 49,999 = 15%
EGP 50,000 to 499,999 = 18%
EGP 500,000 to 1,000,000 = 21%
Get your Savings Account in 3 simple steps
1. Access Mashreq Online services through My e& App
2. Select “accounts”
3. Select “open a new account” and choose Saving account
Have more questions?
No initial deposit required to open the account
and completely free for the first 90 days,
however after the first 90 days if average
monthly balance dropped below 2000 EGP, a fee
of EGP 25 monthly will be applied
The savings account is available in Egyptian pounds only
Interest is calculated daily and paid monthly
Yes maximum balance for interest calculation is 1 million EGP