The Central Bank of Egypt's (CBE) Monetary Policy Committee is preparing to meet next Thursday to discuss interest rates, as customers look for the best savings products offering a fixed, regular return.

Banks operating in Egypt offer a variety of fixed-rate 3-year savings certificates, with differing interest rates and minimum amounts, allowing customers to choose the savings product that suits their needs. In the following report, we review the 6 best fixed-rate 3-year savings certificates with interest paid daily, at annual rates ranging from 15.25% to 17.75%.

1- MID Elite Certificate from MIDBANK

  • Interest rate: 17.75%

  • Payout frequency: daily

  • Tenor: 3 years

  • Minimum amount: EGP 100,000.

2- Fixed-Return 3-Year Certificate (Wathiqa) from Arab Bank

  • Interest rate: 17.5%

  • Payout frequency: daily

  • Tenor: 3 years

  • Minimum amount: EGP 1,000,000.

3- PRIME Certificate from SAIB

  • Interest rate: 17.25%

  • Payout frequency: daily

  • Tenor: 3 years

  • Minimum amount: EGP 1,000.

4- Al Tamayoz (Excellence) Certificate from The United Bank

  • Interest rate: 17.25%

  • Payout frequency: daily

  • Tenor: 3 years

  • Minimum amount: EGP 1,000,000.

5- 3-Year Certificate from EG BANK

  • Interest rate: 16.5%

  • Payout frequency: daily

  • Tenor: 3 years

  • Minimum amount: EGP 1,000.

6- Primo Plus Certificate from Banque du Caire

  • Interest rate: 15.25%

  • Payout frequency: daily

  • Tenor: 3 years

  • Minimum amount: EGP 100,000.