Mega Savings Certificate
The Mega Savings Certificate is suitable for customers seeking a relatively high return during the first year while receiving a regular monthly income, particularly given its low minimum issuance amount of EGP 1,000. However, the declining-return structure means that the rate gradually falls from 19% in the first year to 15% in the third year. Therefore, customers should consider the return over the entire certificate term rather than focusing only on the first-year rate. The certificate also pr
- Average annual yield · variable
- 17%
- 19% then 17% then 15%
- Term
- 3 yrs
- Min. deposit
- EGP 1,000
- Payout
- Monthly
Banky Analysis
Suits you if
- I need monthly income
- Monthly payout
- Keep my money reachable
- Monthly payout
Not for you if
- Grow my savings the most
- Yield lower than average for this term
- I want a predictable return
- Yield lower than average for this term
All of this is measured against products of 25–36 months in EGP only
Last checked Monday 02 November 2026 - 04:02 PM
Returns
- Yield type
- Variable with Floor
- Payout
- Compounded monthly
- Yield by payout
- Monthly
- ≥ EGP 1,00019%
- ≥ EGP 1,00017%
- ≥ EGP 1,00015%
Amount & term
- Term
- 3 yrs
- Min deposit
- EGP 1,000
Withdrawal & renewal
- Early withdrawal
- Yes
- Auto-renew
- No
- Renewal term
- Flexible
- Available online
- Yes
- Branch visit required
- Yes
- National ID required
- Yes
| From day | Penalty | Description |
|---|---|---|
| 180 | 9% | السنة الأولى |
| 360 | 7% | السنة الثانية |
| 720 | 5% | السنة الثالثة |
Do the maths
Our take
Pros
- High first-year return: The return reaches 19% annually during the first year.
- Financing facility: Customers can obtain a credit card, overdraft, or secured loan of up to 85% of the certificate’s value.
Cons
- Declining return: The annual return decreases from 19% in the first year to 17% in the second year and 15% in the third year.
- No redemption before six months: Customers cannot access their funds during the first six months.
Our take
The Mega Savings Certificate is suitable for customers seeking a relatively high return during the first year while receiving a regular monthly income, particularly given its low minimum issuance amount of EGP 1,000. However, the declining-return structure means that the rate gradually falls from 19% in the first year to 15% in the third year. Therefore, customers should consider the return over the entire certificate term rather than focusing only on the first-year rate. The certificate also provides financing flexibility through the possibility of obtaining a credit card, overdraft, or secured loan of up to 85% of its value. On the other hand, the six-month lock-in period and early redemption deductions reduce liquidity flexibility. Overall, the certificate may suit customers who prioritize a higher return during the initial investment period, prefer monthly income, and can commit to the certificate’s term.
The Mega Savings Certificate is suitable for customers seeking a relatively high return during the first year while receiving a regular monthly income, particularly given its low minimum issuance amount of EGP 1,000. However, the declining-return structure means that the rate gradually falls from 19% in the first year to 15% in the third year. Therefore, customers should consider the return over the entire certificate term rather than focusing only on the first-year rate. The certificate also pr
Compare
| Mega Savings Certificate Egbank This one | Variable certificate QNB EGYPT | Primo Certificate with Tiered Returns banque du caire | Four-year savings certificates with a fixed monthly return. Emirates NBD |
|---|---|---|---|
| Average annual yield · variable | |||
| 17% | 145.14% Total yield · At maturity | 16% | 13.5% Annual yield |
| Term | |||
| 3 yrs | 10 yrs | 3 yrs | 4 yrs |
| Min. deposit | |||
| EGP 1,000 | EGP 1,000 | EGP 50K | EGP 100K |
| Payout | |||
| Monthly | At maturity | Monthly | Monthly |
Added Wednesday 09 September 2026 - 01:47 PM Updated Saturday 10 October 2026 - 11:01 PM