National Bank of Egypt increases interest rates for certificates in 2024

The National Bank of Egypt (NBE) has adjusted the return on the Platinum Savings Certificate with a variable return, in line with the recent Central Bank of Egypt’s decision to raise interest rates.

The change in the return rate on the NBE certificates of deposit came on Sunday, with the previous interest rate of 19.5 percent rising to 21.5 percent – a two percent increase. The platinum certificate with the variable return is the most closely linked to CBE’s decision due to its connection to the CBE’s deposit rate.

Platinum Variable Interest certificate:

• The savings period for this certificate is up to three years.


• The triple savings certificate with a monthly return is characterized by having a fixed return throughout the duration of the certificate.


• The minimum amount to purchase a savings certificate is LE 1,000 and its multiples.


• Interest accrued as of the following business day of purchase.


• The return on the certificate is disbursed monthly.

Platinum Certificate Step Down:

• The savings period for this certificate is up to three years.


• Monthly rate throughout certificate duration.


• Interest accrued as of the following business day of purchase.


• Interest reaches 22 percent in the first year, 18 percent in the second year, and 16 percent in the third year.


• The minimum amount to purchase a savings certificate is LE 1,000 and its multiples.

Egyptian Certificate Aman:

• The minimum amount for purchase starts from LE 500.


• The maximum investment in the certificate is LE 2,500.


• The certificate is invested for a period of three years with a return of 13 percent.


• No borrowing is allowed against the Certificates, and no credit card of whatever type may be issued against them.


• It is fully redeemed at maturity (nominal value + interest after deducting the insurance premiums). The nominal value of the Certificate (purchase amount) is redeemable at any time per the customer’s request.