Housing & Development Bank (HDB) has introduced a daily payout option at an interest rate of 19% on its 3-year floating-rate certificate, letting customers receive the return on their savings every day, alongside the payout frequencies already available on the certificate: monthly, quarterly and semi-annual.

Housing & Development Bank 3-Year Floating-Rate Certificate

  • Interest rate:

    • Daily: 19%, with a minimum of 17.25%

    • Monthly: 19.25%, with a minimum of 17.25%

    • Quarterly: 19.3%, with a minimum of 17.25%

    • Semi-annual: 19.35%, with a minimum of 17.25%

  • Tenor: 3 years

  • Minimum: EGP 500 and multiples thereof

Benefits of the Housing & Development Bank 3-Year Floating-Rate Certificate

  • The certificate is for individuals.

  • Tenor: three years.

  • The certificate is issued in Egyptian pounds.

  • Floating annual interest rate

  • The certificate can be redeemed 6 months after the purchase date, in line with the bank's redemption policy.