Egypt's banking market is awaiting the meeting of the Central Bank of Egypt's Monetary Policy Committee, as customers look for the best savings products offering a periodic floating return that tracks interest-rate developments.

Against this backdrop, Banky lists the top 15 floating-rate savings certificates at banks operating in Egypt ahead of the central bank's meeting. Interest rates on the certificates reach up to 19.75% a year, with the minimum purchase and payout frequency varying from bank to bank.

1- Al Nokhba certificate from Kuwait Finance House (KFH) Egypt

  • Profit rate: 19.75% a year

  • Minimum purchase: EGP 50,000

  • Tenor: 3 years

  • Payout frequency: monthly

2- MID PLUS certificate from MIDBANK

  • Interest rate: 19.65% a year

  • Minimum purchase: EGP 100,000

  • Tenor: 3 years

  • Payout frequency: monthly

3- Platinum certificate from National Bank of Egypt (NBE)

  • Interest rate: 19.5% a year

  • Minimum purchase: EGP 1,000

  • Tenor: 3 years

  • Payout frequency: monthly

4- Floating-rate 3-year certificate from CIB

  • Interest rate: 19.5% a year

  • Minimum purchase: EGP 1,000

  • Tenor: 3 years

  • Payout frequency: monthly

5- Floating-rate certificate from QNB Egypt

  • Interest rate: 19.5% a year

  • Minimum purchase: EGP 1,000

  • Tenor: 3 years

  • Payout frequency: monthly

6- 3-year certificate from Arab African International Bank (AAIB)

  • Interest rate: 19.5% a year

  • Minimum purchase: EGP 5,000

  • Tenor: 3 years

  • Payout frequency: monthly

7- 3-year certificate from The United Bank

  • Interest rate: 19.5% a year

  • Minimum purchase: EGP 5,000

  • Tenor: 3 years

  • Payout frequency: monthly

8- Floating-rate certificate from National Bank of Kuwait – Egypt (NBK Egypt)

  • Interest rate: 19.5% a year

  • Minimum purchase: EGP 1,000

  • Tenor: 3 years

  • Payout frequency: monthly

9- SAIB Prime 3-year certificate

  • Interest rate: 19.5% a year

  • Minimum purchase: EGP 1,000

  • Tenor: 3 years

  • Payout frequency: monthly

10- Gari Plus certificate from Suez Canal Bank

  • Interest rate: 19.5% a year

  • Minimum purchase: EGP 1,000

  • Tenor: 3 years

  • Payout frequency: monthly

11- NXT Edge certificate from Bank NXT

  • Interest rate: 19.5% a year

  • Minimum purchase: EGP 50,000

  • Tenor: 3 years

  • Payout frequency: monthly

12- 3-year certificate from Emirates NBD Egypt

  • Interest rate: 19.5% a year

  • Minimum purchase: EGP 5,000

  • Tenor: 3 years

  • Payout frequency: monthly

13- Primo certificate from Banque du Caire

  • Interest rate: 19.5% a year

  • Minimum purchase: EGP 1,000

  • Tenor: 3 years

  • Payout frequency: monthly

14- 3-year certificate from Industrial Development Bank

  • Interest rate: 19.5% a year

  • Minimum purchase: EGP 100

  • Tenor: 3 years

  • Payout frequency: monthly

15- 3-year certificate from Al Ahli Bank of Kuwait – Egypt (ABK-Egypt)

  • Interest rate: 19.5% a year

  • Minimum purchase: EGP 1,000

  • Tenor: 3 years

  • Payout frequency: monthly

16- Star certificate from Abu Dhabi Commercial Bank – Egypt (ADCB)

  • Interest rate: 19.5% a year

  • Minimum purchase: EGP 5,000

  • Tenor: 3 years

  • Payout frequency: monthly