Banque Misr offers a range of savings certificates to suit customers who want to invest their savings and earn a regular return, including floating-rate certificates whose interest rates are linked to the Central Bank of Egypt's deposit rate.

After the Monetary Policy Committee decided to raise key interest rates by 100 basis points, taking the overnight deposit rate to 20%, the return on floating-rate certificates linked to the corridor rate rose according to each certificate's pricing formula.

These include the floating-rate monthly-payout certificates with tenors of 3, 4 and 5 years, as well as the "Yomati" certificate with a floating daily payout, with a minimum purchase starting from EGP 1000.

First: Interest rates on Banque Misr's floating-rate monthly-payout certificates

Banque Misr offers floating-rate monthly-payout certificates with various tenors. The return is calculated as the corridor deposit rate plus 0.25%, with a minimum return that varies by the certificate's tenor.

The key details are as follows:

3-year floating-rate certificate

  • Tenor: 3 years.

  • Interest rate: 20.25% a year, based on the corridor deposit rate plus 0.25%, with a minimum return of 17.50%.

  • Payout frequency: Monthly.

  • Minimum purchase: EGP 1000 and multiples thereof.

4-year floating-rate certificate

  • Tenor: 4 years.

  • Interest rate: 20.25% a year, based on the corridor deposit rate plus 0.25%, with a minimum return of 16.75%.

  • Payout frequency: Monthly.

  • Minimum purchase: EGP 1000 and multiples thereof.

5-year floating-rate certificate

  • Tenor: 5 years.

  • Interest rate: 20.25% a year, based on the corridor deposit rate plus 0.25%, with a minimum return of 16.25%.

  • Payout frequency: Monthly.

  • Minimum purchase: EGP 1000 and multiples thereof.

Terms and conditions of the floating-rate monthly-payout certificates

  • The certificates are issued to natural persons, both Egyptians and foreigners.

  • The minimum issue amount is EGP 1000 and multiples thereof.

  • The return is paid monthly and varies with the corridor deposit rate plus 0.25%, subject to the minimum set for each tenor.

  • All or part of the certificate's value can be redeemed after 6 months from the issue date, in accordance with the certificate's redemption rules.

  • Loans can be taken against the certificate.

Second: Interest rate on Banque Misr's "Yomati" certificate

Banque Misr's "Yomati" certificate is a savings certificate with a floating daily return linked to the Central Bank of Egypt's corridor deposit rate.

Following the increase in the deposit rate to 20%, the certificate's return reaches 20% a year, paid daily, in line with the corridor rate.

The certificate's details are as follows:

  • Tenor: 3 years.

  • Interest rate: 20% a year, floating in line with the corridor deposit rate.

  • Payout frequency: Daily.

  • Minimum purchase: EGP 1000 and multiples thereof.

  • Eligibility: Natural persons, both Egyptians and foreigners.

  • All or part of the certificate's value can be redeemed after 6 months from the issue date, in accordance with the certificate's redemption rules.

  • Loans can be taken against the certificate.