Banque Misr reduced interest rates on its high-interest USD certificates of deposit (CDs) by 0.5%.

Banque Misr started selling a new three-year certificate of deposit (CD), with declining annual interest rates of 30% for the first year of issuance, 25% for the second year, and 20% for the third year, as per a statement.

The National Bank of Egypt (NBE) has issued three-year certificates of deposit (CDs), with a declining annual interest rates of 30% for the first year of issuance, 25% for the second year, and 20% for the third year.

Emirates NBD Egypt has issued new three certificates of deposit (CDs).

Nasser Social Bank (NSB) has issued new three-year certificates of deposit (CDs), with an annual yield of 20% disbursed monthly.

State-run banks the National Bank of Egypt (NBE) and Banque Misr have started selling a new one-year certificate of deposit (CD) at an annual interest rate of 27% which will be disbursed annually.

Emirates NBD-Egypt has raised the interest rates offered on its three- and five-year certificates of deposit (CDs) in USD.

Banque Misr will start selling new three-year certificates of deposit (CDs), Al-Qimma and Elite, in US dollars, starting Wednesday, July 26th.

National Bank of Egypt (NBE) will offer new three-year certificates of deposit (CDs), Al Ahly Fawran and Al Ahly Plus, in US dollars, starting Wednesday, July 26th.

Egypt’s largest private lender has introduced again the three-year Wealth CD with a fixed monthly interest rate of 19%. The minimum booking value for purchasing the certificate is EGP 5 million and multiples of EGP 1,000.

On April 2nd, the largest two state-run banks, NBE and Banque Misr, started selling new three-year CDs at an annual interest rate of 22% to be paid in the first year, 18% for the second year, and 16% for the third one.

The newly offered certificates are the three-year Premium CD with an annual fixed interest rate of 20%, the three-year Plus CD with an annual fixed yield of 19%, and the three-year fixed Prime CD with an annual fixed interest rate of 18%.

This step aligns with the bank’s commitment to meeting the requirements of all segments and encouraging deposit holders to maintain the purchase value of their savings.

Al Baraka Bank Egypt has offered the Diamond Plus certificate of deposit (CD) for sale, with an annual variable return of no less than 19%

On April 2nd, the largest two state-run banks, NBE and Banque Misr, started selling a new three-year CD at an annual interest rate of 22% to be paid in the first year, 18% for the second year, and 16% for the third one.

The two banks decided to issue the new CDs after the CBE raised interest rates by 200 basis points in its second meeting during 2023.

Nasser Social Bank has raised interest rate on its three-year certificates of deposit (CDs) to 19% annually, 17.75% quarterly, and 17.5% monthly.

The National Bank of Egypt (NBE) and Banque Misr are set to stop the issuance of the certificates of deposit (CDs) with a 25% annual yield on Tuesday, January 31st, Banque Misr’s Chairman Mohamed El-Etreby said in a televised phone call on January 29th.