CDs Archives - OZ Arab Media

NBE, Banque Misr cut interest rate on US dollar CDs

Banque Misr and the National Bank of Egypt (NBE) on Tuesday announced a reduction in the interest rate for the three-year dollar-denominated certificates of deposits (CDs) with a quarterly return to five percent – down from six percent annually. The interest rate on the three-year CDs with a prepaid return, equivalent to the Egyptian pound, …

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Egypt Independent March 19, 2025

Banks across Egypt offering CDs up to 30% per month

Several banks operating in Egypt have recently launched Certificate of Deposits with lucrative monthly and annual returns. Here are the highest interest CDs in Egyptian banks this year: National Bank of Egypt Citizens can invest in CDs from the National Bank of Egypt for three years, with a return of 30 percent in the …

The post Banks across Egypt offering CDs up to 30% per month appeared first on Egypt Independent.

Egypt Independent June 2, 2024

In Egypt, proceeds of new CDs exceeded LE 32 billion in 3 days

A banking source revealed that the proceeds of the new certificates of deposits at the National Bank of Egypt and Banque Misr, with returns of 27 percent and 23.5 percent, exceeded LE32 billion during the past three days. The source added that NBE’s proceeds exceeded LE17 billion, while Banque Misr’s reached about LE15 billion on …

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Egypt Independent January 10, 2024

Proceeds from 1st day of Egyptian banks issuing CDs at LE11 billion

The proceeds of the new certificates of deposits, offered by the National Bank of Egypt and Banque Misr on Friday with returns of 23.5 percent and 27 percent, recorded LE 11 billion on the first day. Heavy demand of Egyptians for these CDs continues via mobile banking and the Internet. Banking experts advised customers to …

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Egypt Independent January 7, 2024