Banque du Caire has launched a new savings product offering customers annual returns of up to 16.25 percent, as the Egyptian lender moves to provide more flexible banking solutions and attract greater household savings.
The Tharwa current account, introduced for individual customers, allows account holders to earn returns calculated on their daily balances, with payments credited monthly, the bank said in a statement.
Banque du Caire said the product was designed to give customers greater control over their savings while benefiting from competitive returns in a changing economic environment.
“The lender aims to offer customers greater flexibility in managing their savings while benefiting from competitive returns,” the bank said.
Under the new account structure, customers can receive annual returns of up to 16.25 percent, depending on their account balance. The minimum amount required to open the account is 50,000 Egyptian pounds, while eligibility for returns begins once the balance reaches at least 100,000 Egyptian pounds.
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The launch comes as Egyptian financial institutions continue to expand their savings products in an effort to attract deposits, encourage banking participation and support broader financial inclusion.
Banque du Caire said the Tharwa account is part of its wider strategy to develop modern banking services that meet the needs of individuals and improve access to competitive financial products.
The bank has increasingly focused on expanding its retail banking offerings as competition among Egyptian lenders intensifies, with customers seeking products that provide both liquidity and attractive returns.
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Unlike traditional fixed-term savings products, current accounts typically offer customers easier access to their funds, making products such as Tharwa attractive to savers looking for flexibility alongside income generation.
The introduction of the account also reflects wider trends in Egypt’s banking sector, where lenders have been adjusting their products to respond to inflation pressures, changing consumer behaviour and increased demand for savings instruments.
Banque du Caire has been expanding its portfolio of financial products in recent months. In April, the bank introduced a three-year savings certificate offering monthly returns, alongside an 18-month savings deposit product with competitive yields.
The bank said these initiatives form part of its commitment to providing innovative solutions that support customers’ financial goals and strengthen its role in Egypt’s banking landscape.
Egypt’s financial sector has been undergoing reforms aimed at increasing financial inclusion, encouraging digital banking adoption and bringing more citizens into the formal banking system.
Banks have responded by introducing a wider range of products targeting different customer segments, including individuals, small businesses and entrepreneurs.
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For Banque du Caire, the Tharwa account represents another step in its efforts to deepen relationships with retail customers and expand its market presence.
The lender said it remains focused on improving customer experience through products that combine convenience, accessibility and competitive financial benefits.
The announcement comes at a time when Egyptian households continue to look for savings options that can preserve value while offering regular returns.
By offering returns linked to daily balances and monthly payments, Banque du Caire said the Tharwa account provides customers with a balance between earning potential and access to their funds.
The bank said it expects the product to contribute to its broader objectives of expanding its customer base, strengthening financial participation and supporting the development of Egypt’s banking sector.
