The Egyptian investor’s guide to savings, CDs, and time deposits
· Egyptian market news · MISR
🏦 The savings landscape has shifted over the past couple of years. winding down
What that means for you: exceptional one-year yields are gone
If you’ve got money sitting idle and you’re still on the fence about where to put it
Certificates of deposit
Certificates of deposit (CDs) remain the most popular savings product in Egypt, and for good reason
#1- National Bank of Egypt (NBE):
💡 You can find all of NBE’s CD options on their website or through the NBE banking app.
#2- Commercial International Bank (CIB): raised its three-year Premium CD
💡 You can find all of CIB’s CD options on their website or through the CIB banking app.
#3- Banque Misr (BM):
💡 You can find all of BM’s CD options on their website by downloading the interest rates sheet.
#4- Banque du Caire (BDC): Primo Affluent certificate
💡 You can find all of BDC’s CD options on their website.
Beyond these options
Unlike CDs, time deposits are more flexible
Most Egyptian banks currently offer EGP time deposits in the 14-17% range up to 17% annually
BDC also offers an 18-month time deposit that pays 22% at maturity
The Citizen Bond: Citizen Bond
Looking for more ways to save and invest beyond CDs, time deposits, and funds? here