NBE reduces interest rates on savings certificates
Updated 8/31/2025 2:32:00 PM
Arab Finance: The National Bank of Egypt (NBE) cut interest rates on savings certificates by 1.50% and 4%, effective Monday, September 1st, 2025.
Mohamed El-Etreby, Chairman of the NBE, announced that the bank’s Assets and Liabilities Committee (ALCO) had decided the following:
- Amending the return rate on the three-year Egyptian pound platinum certificate with a monthly return to 17%, up from the previous return of 18.50%.
- Amending the return rate on the monthly-graded platinum certificates to 21% in the first year, 16.75% in the second year, and 13.5% in the third year.
- Amending the interest rate on the annual-graded platinum certificates to 23% in the first year, 18.5% in the second year, and 14% in the third year.
Moreover, the bank announced changes to the interest rate on dollar-denominated certificates as follows:
The monthly return will be up to 4.75% for the 3-year savings certificates, 4.85% for the 5-year certificates, and 4.90% for the 7-year certificates.
The lender’s decision came after the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) announced a 200 basis points (bps) cut to key policy rates during its August 28th meeting.
Related News
