Mashreq Bank raises interest rate on 3-year savings certificates

Updated 6/11/2023 2:08:00 PM
Mashreq Bank raises interest rate on 3-year savings certificates

Arab Finance: Mashreq Bank Egypt has raised the interest rate offered on its three-year savings certificates in Egyptian pound to 19.5% from 18.75%, marking one of the highest interest rates offered on certificates of deposits (CDs) in Egypt, as per an emailed release on June 11th.

Customers above 21 years old or minors with a guardian can book the CD with a minimum deposit of EGP 1,000.

It is worth mentioning that the bank offers a diverse range of savings certificates, including the three-year CD with quarterly, semi-annual, and annual yields.

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