Banque Misr has increased the annual return on its three-year fixed-rate Al Qema savings certificate as Egypt’s banking sector continues to adjust savings products in response to changing interest rate conditions.
The state-owned bank raised the annual return on the certificate to 17.75 percent for customers receiving monthly payouts, up from 17.25 percent, while introducing a new quarterly payout option offering an annual return of 17.85 percent, effective June 23, 2026, according to a statement.
The move is aimed at providing customers with higher returns on savings as banks compete to attract deposits and offer investment products that protect purchasing power amid inflation pressures.
Banque Misr also announced that it continues to offer variable-rate savings certificates, with the current annual return reaching 19.25 percent. The return is linked to the Central Bank of Egypt’s overnight deposit rate plus 0.25 percent.
The variable-rate products include a three-year certificate with monthly variable returns, a four-year certificate offering a minimum annual return of 17.50 percent with monthly payouts, and a five-year certificate providing a minimum annual return of 16.75 percent, also paid monthly.
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The bank additionally provides a three-year certificate offering a compounded annual return of 17.75 percent, payable semi-annually at maturity. Over the full investment period, the certificate generates a cumulative return of 66.56 percent.
Another product offered by Banque Misr is a three-year certificate linked to the CONIA rate plus 0.25 percent, which provides monthly variable returns. The bank said the certificate delivered an average annual return of 19.96 percent as of the end of May 2026.
Savings certificates remain one of the most popular investment products among Egyptian households, offering fixed or variable returns while allowing individuals to earn income from their deposits.
The minimum purchase value for most certificates starts at EGP 1,000 and multiples of that amount. However, the three-year certificate linked to the daily CONIA rate is available from EGP 500 and multiples.
The certificates are available to individuals, with the investment period beginning on the business day after the purchase date.
Certificate holders can also access additional banking benefits, including loans and credit cards secured against their certificates, providing customers with liquidity while maintaining their savings investments.
However, early redemption is only allowed after six months from the issuance date and remains subject to Banque Misr’s terms and conditions.
Customers can purchase or renew the certificates through the bank’s digital platforms, including BM Online, as well as through Banque Misr’s ATM network and its nationwide branch network of nearly 900 locations.
The adjustment in savings certificate returns comes as Egypt’s financial institutions continue responding to monetary policy changes and efforts by authorities to encourage savings through formal banking channels.
Banque Misr, one of Egypt’s largest banks, has continued expanding its range of savings products as part of efforts to attract deposits and provide customers with different options based on their preferred income schedules and risk preferences.
