Al-Ahly and Bank of Egypt to Begin Paying High-Yield Certificates from Monday
Al-Ahly Bank and Bank of Egypt will start depositing the first installments for their high-yield savings certificates—offering 23.5% monthly returns and 27% annual returns—into customers’ accounts from this Monday, continuing until the final maturity date on April 28, 2026.
The banks initially issued these high-interest certificates on January 4, 2024, with maturities beginning the day after issuance. The move aimed to absorb liquidity from previous certificates that offered 22.5% and 25% interest, respectively.
The first installment for these high-yield certificates, which accumulated approximately EGP 1.3 trillion over 16 months, was made in January, with most customers renewing their certificates to continue benefiting from the attractive rates.
Mohamed El-Etreby, CEO of Al-Ahly Bank, addressed customers, stating that the current 3-year certificates with a 16% annual rate, paid monthly, provide the highest returns among Egyptian banks. He advised customers to subscribe to the certificates upon maturity before potential future interest rate cuts.
El-Etreby also confirmed that the banks do not plan to issue new certificates at the 27% yield, given the decline in inflation from 38% in September 2023 to 12.3% in November 2025.
In 2025, the Central Bank of Egypt reduced interest rates for the first time in four and a half years, cutting by 7.25% over five steps, with the latest reduction in December lowering deposit rates to 20% and lending rates to 21%.