Certificates

Our take

The triple certificate with a 19% monthly variable return is a flexible investment option that allows you to benefit from any future increase in interest rates, with the possibility of borrowing up to 95% of its value using it as collateral. Despite its high return, it carries the risk of reduced earnings if interest rates fall, in addition to having administrative fees and loans with higher interest rates (+5% above the return) compared to the fixed certificate.

Our take

Evaluation of the 'Alex Prime Gold' certificate (18.5% variable return - monthly) This certificate offers an attractive option for small investors looking for monthly payouts and a flexible, competitive return over 3 years that adjusts with interest rate changes.

Our take

Alex Star Certificates Evaluation (Monthly and Quarterly) These certificates are a stable investment option for those looking for fixed and guaranteed returns over 3 years, with a preference for regular payout periods that suit their living or saving needs.

Our take

saib Bank’s Excellence Certificate is a suitable option for high-net-worth savers seeking a fixed return over a 3-year term, with flexibility to receive interest on a monthly or semi-annual basis. The certificate also offers added benefits such as borrowing against the certificate and early redemption after six months, enhancing liquidity management. However, the high minimum investment requirement of EGP 500,000 limits accessibility for small and medium-sized savers.

A fixed-return savings certificate designed for affluent customers seeking stable income and payout flexibility.

Our take

National Bank of Kuwait (NBK) offers the three-year "Evolve" certificate with a variable annual yield of up to 19.5%, allowing customers to benefit from future interest rate fluctuations. The certificate requires a minimum investment of EGP 100,000 and features monthly interest payouts. It also offers additional benefits, most notably the option to borrow up to 90% of the certificate's value against it, as well as the ability to make partial or full redemptions six months after the issuance date.

National Bank of Kuwait offers the three-year "Evolve" certificate with a variable annual return of up to 19.5%.

Our take

Housing & Development Bank’s 3-year variable certificate is a suitable option for customers who expect interest rates to remain high or increase in the future. The certificate offers a variable return linked to market rates while maintaining a guaranteed minimum yield of 17.25%. It also provides flexibility through daily monthly, quarterly, and semi-annual payout options, making it suitable for different income needs. In addition, the low minimum purchase amount of EGP 500 makes it accessible to a wide range of savers.

A flexible variable-rate certificate offering high returns with a guaranteed minimum yield of 17.25% and a low entry amount of EGP 500.

Our take

The EGBANK 3-Year Fixed-Rate Certificate is suitable for customers seeking stable returns throughout a three-year investment period, with the flexibility to choose either monthly or quarterly interest payments. The low minimum investment of EGP 1,000 makes the certificate accessible to a wider range of customers, while the ability to obtain financing, a credit card, or an overdraft of up to 95% of the certificate’s value provides an important financing advantage. However, the six-month lock-in period and the three-year commitment reduce liquidity flexibility. Overall, the certificate may suit customers who prefer a fixed return and regular income while maintaining the option to use the certificate as collateral for financing.

The EGBANK 3-Year Fixed-Rate Certificate is suitable for customers seeking stable returns throughout a three-year investment period, with the flexibility to choose either monthly or quarterly interest payments. The low minimum investment of EGP 1,000 makes the certificate accessible to a wider range of customers, while the ability to obtain financing, a credit card, or an overdraft of up to 95% of the certificate’s value provides an important financing advantage. However, the six-month lock-in p

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

Our take

The Premium Fixed-Rate Certificate is designed for customers with substantial savings who seek a stable monthly income and a fixed return throughout the certificate’s three-year term. With a minimum investment of EGP 1 million, the product targets a specific segment of customers while offering strong financing benefits, including loans and overdraft facilities of up to 95% of the certificate’s value, as well as a secured credit card of up to 90%. However, the six-month lock-in period and early redemption charges reduce liquidity flexibility. Overall, the certificate is suitable for customers who prioritize stable returns and regular monthly income and do not require access to their invested funds in the short term.

The Premium Fixed-Rate Certificate is designed for customers with substantial savings who seek a stable monthly income and a fixed return throughout the certificate’s three-year term. With a minimum investment of EGP 1 million, the product targets a specific segment of customers while offering strong financing benefits, including loans and overdraft facilities of up to 95% of the certificate’s value, as well as a secured credit card of up to 90%. However, the six-month lock-in period and early r

Our take

Tharwa Plus Certificate combines a fixed and variable return structure. Customers receive a fixed annual return of 18% during the first year, paid monthly, while the return becomes variable during the second and third years and is linked to the CBE deposit rate. This structure may allow customers to benefit if interest rates rise in the future, but it also exposes them to lower returns if interest rates decline. The ability to borrow up to 90% of the certificate’s nominal value provides additional financing flexibility, although the borrowing rate is at least 2% above the applicable certificate rate. Overall, the certificate may be suitable for customers seeking monthly income during the first year while maintaining potential exposure to future interest-rate movements, provided they are comfortable with a three-year investment period and the early-redemption charges.

Tharwa Plus Certificate combines a fixed and variable return structure. Customers receive a fixed annual return of 18% during the first year, paid monthly, while the return becomes variable during the second and third years and is linked to the CBE deposit rate. This structure may allow customers to benefit if interest rates rise in the future, but it also exposes them to lower returns if interest rates decline. The ability to borrow up to 90% of the certificate’s nominal value provides addition

Our take

Variable-rate certificates are suitable for customers who want to benefit from changes in interest rates while maintaining a degree of flexibility, particularly with the option of full or partial redemption after six months and multiple interest payment frequencies. The 3-year certificates offer returns linked to the CBE deposit corridor rate, with an additional 0.50% for monthly payments and 1.00% for quarterly payments. The 5-year certificates are also linked to the deposit corridor rate, with different deductions depending on the payment frequency. However, the variable-rate structure means that returns may decline if interest rates fall. Overall, these certificates are more suitable for customers who prefer market-linked returns and redemption flexibility rather than a fixed return throughout the investment period.

Variable-rate certificates are suitable for customers who want to benefit from changes in interest rates while maintaining a degree of flexibility, particularly with the option of full or partial redemption after six months and multiple interest payment frequencies. The 3-year certificates offer returns linked to the CBE deposit corridor rate, with an additional 0.50% for monthly payments and 1.00% for quarterly payments. The 5-year certificates are also linked to the deposit corridor rate, with

Our take

The 3-year certificate is suitable for customers seeking a high fixed return with regular income, offering up to 18% annually when interest is paid quarterly, compared with 17.50% for monthly payouts. The ability to obtain financing of up to 90% of the certificate’s value is an additional benefit for customers who may need liquidity. However, the 3-year commitment and fixed-rate structure may limit flexibility if interest rates change. Overall, the certificate is best suited to customers who prioritize stable returns and can maintain their investment over the medium term.

The 3-year certificate is suitable for customers seeking a high fixed return with regular income, offering up to 18% annually when interest is paid quarterly, compared with 17.50% for monthly payouts. The ability to obtain financing of up to 90% of the certificate’s value is an additional benefit for customers who may need liquidity. However, the 3-year commitment and fixed-rate structure may limit flexibility if interest rates change. Overall, the certificate is best suited to customers who pri