As the Central Bank of Egypt's Monetary Policy Committee meeting approaches, fixed-rate savings certificates are becoming more important, especially as customers look for savings products that guarantee a set return for the full term of the certificate. In this report, we review the highest-yielding 3-year savings certificates with a fixed annual interest rate available at banks ahead of the upcoming meeting's decisions, setting out the interest rate and key details of each certificate.

Fixed-rate 3-year certificates, across all payout frequencies, attract many customers thanks to their features and competitive interest rates. Arab African International Bank leads the fixed-rate 3-year certificates with its Emerald certificate at 19%, the highest rate in the market.

1- Emerald 3-year certificate from Arab African International Bank

  • Interest rate: 19%

  • Minimum to open the certificate: EGP 1,000

2- 3-year certificate from Bank NXT

  • Interest rate: 18.5%

  • Minimum to open the certificate: EGP 1,000

3- Premium 3-year certificate from Emirates NBD Egypt

  • Interest rate: 18.5%

  • Minimum to open the certificate: EGP 500,000

4- Al Safwa certificate from Kuwait Finance House (KFH) Egypt

  • Profit rate: 18.5%

  • Minimum to open the certificate: EGP 50,000

5- Primo certificate from Banque du Caire

  • Interest rate: 18.5%

  • Minimum to open the certificate: EGP 1,000

6- Mid Elite certificate from MIDBANK

  • Interest rate: 18.5%

  • Minimum to open the certificate: EGP 100,000

7- Diamond Plus certificate from Housing & Development Bank

  • Interest rate: 18%

  • Minimum to open the certificate: EGP 250,000

8- Al Kheir certificate from Agricultural Bank of Egypt

  • Interest rate: 18%

  • Minimum to open the certificate: EGP 1,000

9- Fixed-rate 3-year certificate from Arab Bank

  • Interest rate: 18%

  • Minimum to open the certificate: EGP 1,000,000

10- 3-year certificate from QNB Egypt

  • Interest rate: 17.65%

  • Minimum to open the certificate: EGP 1,000