Banque Misr Launches ”Flex Plus” Deposit Series with Competitive Returns Up to 17%
Banque Misr, Egypt’s second-largest state-owned bank, has unveiled its latest saving product, the "Flex Plus" deposit series. Designed to provide maximum flexibility and high returns, the new EGP-denominated deposits offer annual interest rates reaching 17%. The suite includes various tenors, such as a 6-month deposit with a 17% annual return paid at maturity, and a 9-month option offering a 16% annual yield with monthly interest disbursements. This launch is part of the bank’s ongoing strategy to diversify its investment portfolio and provide retail customers with secure, high-yield alternatives in a fluctuating market.
A standout feature of the "Flex Plus" range is the introduction of upfront interest deposits. Customers can now opt for 6-month or 9-month tenors where the interest (up to 15.5%) is paid immediately at the time of issuance. With minimum deposit requirements starting as low as EGP 10,000, Banque Misr is making high-tier saving instruments accessible to a broader demographic. Furthermore, these deposits offer credit facilities, allowing holders to take loans or issue credit cards against their savings, ensuring that liquidity remains available even while earning substantial returns.