Agricultural Bank of Egypt (ABE) offers its customers the 3-year "Al Khair" savings certificate with a fixed return for the full term: an interest rate of 17.75% with monthly payout and 18% with annual payout. Certificates start at EGP 1,000 and in multiples thereof, can be redeemed after 6 months subject to the terms and conditions, and can be used as collateral for a loan.

Al Khair certificate details and features

  • Tenor: 3 years, with a fixed periodic return for the full term of the certificate.

  • Payout frequency: monthly and annual.

Interest rate:

  • 17.75% with monthly payout.

  • 18% with annual payout, with interest credited annually.

  • Certificate value: from EGP 1,000 and multiples thereof.

  • Interest calculation: interest accrues from the business day following purchase.

  • Early redemption: the certificate can be redeemed after 6 months, subject to the terms and conditions.

  • Borrowing: loans can be taken against the certificate, subject to the terms and conditions.

  • Interest transfer: a savings account or current account, as the customer prefers, is opened to receive the periodic interest.

Required documents:

  • A copy of a valid national ID card.

  • You can apply for the certificate at any of the bank's branches across the governorates.