Egyptian banking sector savings certificate offerings

Egyptian banks have introduced various savings certificate options to provide competitive returns for customers following interest rate stabilization.

Initially, Commercial International Bank (CIB) offered several three-year products, including a premium fixed-rate certificate with an 18% annual return paid monthly, and variable-rate certificates with daily or monthly payouts linked to Central Bank of Egypt rates.

Subsequently, other institutions expanded these offerings. United Bank launched a three-year certificate providing a 40% upfront return of the certificate value. Banque Misr introduced multiple products, such as the ‘Al Qemma’ certificate with monthly or quarterly returns, the ‘Ibn Misr’ certificate featuring a declining return structure over three years, and cumulative certificates offering a total return of 66.56% after three years.

As of September 2026, the Central Bank of Egypt has maintained its key interest rates for five consecutive meetings, holding the overnight deposit rate at 19% and the lending rate at 20% following a decline in inflation to 14.5% in August. In response, the National Bank of Egypt has offered its Platinum Certificate with fixed annual returns of 17.75% for monthly payouts or 17.85% for quarterly payouts, alongside a variable-rate Platinum Certificate at 19.50% linked to the central bank’s deposit rate. Banque Misr continues to offer its ‘Al Qemma’ certificate with a 17.75% monthly fixed return, the ‘Ibn Misr’ certificate, and its cumulative certificate with a 66.56% total return after three years.