National Bank of Egypt (UK) savings rates — compare every account, plus switch offers and guides

Who they are

National Bank of Egypt (UK) Limited (NBEUK) is a wholly owned subsidiary of National Bank of Egypt, which is the largest and oldest bank in Egypt and ranks among the largest banks in Africa and the Middle East. The parent bank was founded in June 1898 , and NBEUK has been present in the UK since the 1980s, operating from the heart of Mayfair. It is the only subsidiary or branch of any Egyptian bank in the UK , giving it a genuinely distinctive position in London's banking landscape. NBEUK is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and by the PRA.

What they offer savers

NBEUK is a specialist rather than an all-rounder, and it is worth understanding that before you apply. They only offer fixed term deposits - there are no easy access or ISA products here. These are USD or GBP fixed rate deposits, with terms ranging from 6 months to 3 years. Minimum amounts are £100,000 or currency equivalent for new customers and £10,000 or currency equivalent for existing customers. That high entry point for new savers means NBEUK sits firmly in the market for those with a meaningful lump sum to put away, rather than everyday savers building a pot from scratch. Specific rates change regularly, so check the live figures shown on this page for the current picture.

FSCS protection

As of 1 December 2025, FSCS protection on deposits held at National Bank of Egypt (UK) Limited increased from £85,000 to £120,000. NBEUK holds its own banking licence, so this limit applies separately from any other UK bank you hold savings with. As always, if you have deposits across multiple institutions, it is worth checking whether any share a licence - but that is not a concern specific to NBEUK.

Is it right for you?

NBEUK is a niche choice. It helps personal customers build wealth through multi-currency deposit products, and acts as a gateway to Egypt for businesses that trade with Egypt and the wider GCC region. If you have a larger lump sum and want a GBP or USD fixed term deposit, it is worth a look. But if you need easy access, an ISA, a current account with a debit card, or a low minimum deposit, NBEUK does not currently offer debit or credit cards, and while you can open GBP, USD and EUR current accounts, they only offer fixed term deposits on the savings side. Account opening is done via branch visit , so this is not a digital-first experience. As ever, compare the live rates shown on this page before making any decision - they move, and the figures here are always the most up-to-date guide.