The Central Bank of Egypt's Monetary Policy Committee decided to raise key interest rates by 100 basis points, or 1%, taking the overnight deposit rate to 20% and the overnight lending rate to 21%.

Following the CBE's decision, customers are increasingly interested in the interest rates on floating-rate savings certificates, which pay a periodic return that changes in line with the interest rates announced by banks.

Against this backdrop, Banky lists the 16 highest-paying 3-year floating-rate savings certificates with monthly interest at banks operating in Egypt, with rates of up to 20.75% per annum and minimum purchase amounts that vary from bank to bank.

Top 3-Year Floating-Rate Certificates With Monthly Interest After the CBE Meeting

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

  • Profit rate: 20.75% per annum.

  • Minimum purchase: EGP 50,000.

  • Tenor: 3 years.

  • Payout frequency: monthly.

2- MID PLUS certificate from MIDBANK

  • Interest rate: 20.65% per annum.

  • Minimum purchase: EGP 100,000.

  • Tenor: 3 years.

  • Payout frequency: monthly.

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

  • Interest rate: 20.5% per annum.

  • Minimum purchase: EGP 1,000.

  • Tenor: 3 years.

  • Payout frequency: monthly.

4- 3-year floating-rate certificate from Commercial International Bank (CIB)

  • Interest rate: 20.5% per annum.

  • Minimum purchase: EGP 1,000.

  • Tenor: 3 years.

  • Payout frequency: monthly.

5- Floating-rate certificate from QNB Egypt

  • Interest rate: 20.5% per annum.

  • Minimum purchase: EGP 1,000.

  • Tenor: 3 years.

  • Payout frequency: monthly.

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

  • Interest rate: 20.5% per annum.

  • Minimum purchase: EGP 5,000.

  • Tenor: 3 years.

  • Payout frequency: monthly.

7- 3-year certificate from The United Bank

  • Interest rate: 20.5% per annum.

  • 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: 20.5% per annum.

  • Minimum purchase: EGP 1,000.

  • Tenor: 3 years.

  • Payout frequency: monthly.

9- SAIB Prime 3-year certificate

  • Interest rate: 20.5% per annum.

  • Minimum purchase: EGP 1,000.

  • Tenor: 3 years.

  • Payout frequency: monthly.

10- Gari Plus certificate from Suez Canal Bank

  • Interest rate: 20.5% per annum.

  • Minimum purchase: EGP 1,000.

  • Tenor: 3 years.

  • Payout frequency: monthly.

11- NXT Edge certificate from Bank NXT

  • Interest rate: 20.5% per annum.

  • Minimum purchase: EGP 50,000.

  • Tenor: 3 years.

  • Payout frequency: monthly.

12- 3-year certificate from Emirates NBD Egypt

  • Interest rate: 20.5% per annum.

  • Minimum purchase: EGP 5,000.

  • Tenor: 3 years.

  • Payout frequency: monthly.

13- Primo certificate from Banque du Caire

  • Interest rate: 20.5% per annum.

  • Minimum purchase: EGP 1,000.

  • Tenor: 3 years.

  • Payout frequency: monthly.

14- 3-year certificate from Industrial Development Bank

  • Interest rate: 20.5% per annum.

  • 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: 20.5% per annum.

  • Minimum purchase: EGP 1,000.

  • Tenor: 3 years.

  • Payout frequency: monthly.

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

  • Interest rate: 20.5% per annum.

  • Minimum purchase: EGP 5,000.

  • Tenor: 3 years.

  • Payout frequency: monthly.