Highest CDs returns in Egyptian banks after CBE cut interest rate

Egypt Independent

19-04-2025

The Central Bank of Egypt (CBE) has decided to cut interest rates on Thursday by 225 basis points, bringing the deposit rate to 25 percent and the lending rate to 26 percent.
This is the first rate cut in five years.
In conjunction with this decision, many wondered about the fate of certificate of deposits returns, especially at the National Bank of Egypt.
The CEO of the National Bank of Egypt, Mohamed al-Etreby, revealed that the bank intends to hold a meeting for the Assets and Liabilities Committee next week to review interest rates on CDs in line with the new monetary policy.
Etreby said that the interest rate cut would stimulate lending and economic activity. He also expected a decline in treasury bill yields, which would positively impact the cost of public debt.
Will bank CDs yields decline soon?
Citizens are increasingly anticipating any potential change in CDs interest rates, especially in light of high inflation and the ongoing search for savings instruments that provide a fixed income with a high return.
National Bank of Egypt CDs
Daily Platinum Certificate: Offers a daily return of 23 percent for one year, with a minimum purchase of LE 1,000.
Platinum Certificate with monthly step down interest: Starts with a monthly return of 26 percent in the first year, gradually decreasing to 18 percent in the third year.
Annual Platinum Certificate: Provides a monthly return of 23.5 percent and an annual return of up to 27 percent, for a period of one year.
Banque Misr CDs
Al-Qimma Certificate: Fixed annual return of 21.5 percent for three years.
Talaat Harb Certificate: Monthly return of 23.5 percent and annual return of 27 percent.
QNB Bank
Monthly return between 20 percent and 20.15 percent, for a period of three years.
Nasser Social Bank (for those over 60 years old)
Three-year 'Rad al-Gamil' Certificate: Annual return of 24.25 percent, monthly return of 22.25 percent.
Edited translation from Al-Masry Al-Youm