Does automatic renewal have the same old return?

No, automatic renewal does not guarantee the continuation of the same old return.

Key points

• At maturity, the certificate may be renewed at the price and terms of the product then in effect, or to an alternative product according to the bank's rules.

• A few days before maturity, contact the bank to find out the current renewal rate and decide whether to let it renew or switch to a better product.

The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting.

Source

• Central Bank of Egypt — Know Your Rights

• Banque Misr — EGP Certificates of Deposit

• Banque Misr — Fees and Commissions Tariff