As more customers look for a regular income, daily-payout certificates stand out as one of the leading savings products, paying cash returns every day while preserving the principal. Banks operating in Egypt are competing to offer daily-payout certificates that differ in interest rate and minimum purchase, giving customers a range of options to suit their investment needs.

In the following report, Banky reviews the highest-paying daily-payout savings certificates at Egyptian banks and how much a customer can earn by investing EGP 1 million in each, to help compare returns and choose the one that best fits each customer's financial goals.

MIDBANK's Mid Elite certificate

  • Interest rate: 17.75% a year

  • Payout frequency: daily

  • Certificate tenor: 3 years

  • Minimum purchase: EGP 100000

How to calculate it

If you save EGP 1 million in MIDBANK's Mid Elite certificate, you will receive:

  • Annual return: 1000000 * 17.75% = EGP 177500 a year

  • Daily return: 177500 ÷ 12 ÷ 30 = EGP 493 a day

Arab Bank's 3-year Wathiqa

  • Interest rate: 17.5% a year

  • Payout frequency: daily

  • Certificate tenor: 3 years

  • Minimum purchase: EGP 1000000

How to calculate it

If you save EGP 1 million in Arab Bank's 3-year Wathiqa, you will receive:

  • Annual return: 1000000 * 17.5% = EGP 175000 a year

  • Daily return: 175000 ÷ 12 ÷ 30 = EGP 486 a day

SAIB's PRIME certificate

  • Interest rate: 17.25% a year

  • Payout frequency: daily

  • Certificate tenor: 3 years

  • Minimum purchase: EGP 1000

How to calculate it

If you save EGP 1 million in SAIB's PRIME certificate, you will receive:

  • Annual return: 1000000 * 17.25% = EGP 172500 a year

  • Daily return: 172500 ÷ 12 ÷ 30 = EGP 479 a day

The United Bank's Al Tamayoz certificate

  • Interest rate: 17.25% a year

  • Payout frequency: daily

  • Certificate tenor: 3 years

  • Minimum purchase: EGP 1000000

How to calculate it

If you save EGP 1 million in The United Bank's Al Tamayoz certificate, you will receive:

  • Annual return: 1000000 * 17.25% = EGP 172500 a year

  • Daily return: 172500 ÷ 12 ÷ 30 = EGP 479 a day

EGbank's 3-year certificate

  • Interest rate: 16.5% a year

  • Payout frequency: daily

  • Certificate tenor: 3 years

  • Minimum purchase: EGP 1000

How to calculate it

If you save EGP 1 million in EGbank's 3-year certificate, you will receive:

  • Annual return: 1000000 * 16.5% = EGP 165000 a year

  • Daily return: 165000 ÷ 12 ÷ 30 = EGP 458 a day