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 first year, 25 percent in the second year, and 20 percent in the third year, decreasing to 19 percent depending on the periodicity of the disperse with the minimum benefit being LE1,000.
Triple Floating CDs from the QNB AlAhli Bank
The duration of the QNB AlAhli certificate is three years, with an interest rate of 27.25 percent, and a monthly exchange period, with a minimum purchase value of the LE 1000.
Triple Floating CDs from the Al-Ahli Bank of Kuwait
The duration of the certificate is three consecutive years, with an interest rate of 27.05 percent, and a monthly exchange period, with a minimum purchase value of LE 1000.
Qatar National Bank (QNB) CDs
The QNB Bank offers a three-year diversified certificate, with returns between 20 percent and 20.15 percent, with a minimum purchase of LE 1,000.
Commercial International Bank (CIB)
The Commercial International Bank (CIB) savings certificate is for three years with a return of 22 percent, disbursed monthly, and the minimum purchase is LE1,000.
Banque Misr
The Banque Misr certificate is for a period of up to three years, with a return of 30 percent in the first year, 25 percent in the second year, and 20 percent in the third year, with the minimum purchase at LE1,000.
Edited translation from Al-Masry Al-Youm
