Egyptian Banks Launch High-Yield Savings Certificates in 2026: Returns Up to 22% with Monthly and Daily Payouts

Bank Misr has raised the return on its three-tiered “Qimma” savings certificate to 17.25% with monthly payout, according to a report published on April 21, 2026, by Youm7. The increase reflects ongoing competition among Egyptian banks to retain deposits ahead of the maturity of high-yield government certificates issued in 2023 and 2024, which are set to expire at the beginning of January 2026 and have now reached their final payout dates in April 2026.

The Qimma certificate, offered by Bank Misr, features a declining return structure over its three-year term: 27% in the first year, decreasing to 23% in the second year, and 19% in the third year, with interest paid annually. However, the bank has introduced a monthly payout variant of this product, now yielding 17.25% per annum distributed monthly, providing savers with a more regular income stream. The minimum investment required remains 1,000 Egyptian pounds.

This move is part of a broader trend in Egypt’s banking sector, where both state-owned and private lenders are adjusting their savings product offerings in response to shifting liquidity dynamics. According to market analysis from Tesaa World, private banks such as Commercial International Bank (CIB), Arab African International Bank (AAIB), and Suez Canal Bank have launched new savings instruments or restructured existing ones to compete for customer deposits as the high-yield government certificates reach maturity.

CIB introduced a “Premium” fixed-rate certificate at 17.25% annually paid monthly for a three-year term with a minimum investment of 5 million pounds, alongside a “Plus” certificate at 16% annually and another at 15.25% paid daily. AAIB offers a three-year certificate with variable returns: 20.25% daily, 20.50% monthly, and 21% quarterly, and has restructured its savings accounts to include an “E_Golden Saving” account with an 18% annual return and an “E_Day Today” account offering a 17% daily return. Suez Canal Bank launched an “Infinity” certificate at 21% annually for three years with a 5 million pound minimum, and “Elite” certificates with returns of 17.25% and 17.5% annually.

State-owned banks are also active in this space. The National Bank of Egypt (NBE) offers its own version of the Qimma-like product under the name “Al Qimma Ascending,” which mirrors Bank Misr’s structure: 27% in the first year, decreasing to 23% and then 19%, paid annually over three years with a 1,000 pound minimum. NBE also provides a “Platinum Certificate” with both monthly and annual payout options — 21.5% monthly and 22.5% annually — for the same term and minimum investment. NBE’s one-year certificate offers a fixed 23% return, non-redeemable before maturity.

Other traditional savings certificates remain available across the sector. Banque du Caire’s three-year savings certificate provides a fixed monthly return of 21.25% with a 1,000 pound minimum. Bank of Alexandria offers a similar product at 20.75% monthly, while AAIB and QNB Alahli each provide three-year certificates at 20.5% monthly payout. Banque Misr’s “Yaumati” certificate offers a fixed monthly return of 21.5% with a lower minimum investment of 750 pounds, making it accessible to a broader base of savers.

The timing of these adjustments aligns with the final maturity dates of the government’s high-yield certificates. According to a LinkedIn post by Techno Time dated January 3, 2026, Bank Al Ahly and the Bank of Egypt began distributing monthly returns of up to 21.5% and annual returns of up to 27% into customer accounts starting that Monday, with payments continuing until the final maturity date on April 28, 2026. This indicates that the peak payout phase of the government certificates has now concluded, prompting banks to introduce alternative products to retain the liquidity previously attracted by those instruments.

Egypt’s broader economic context underscores the significance of these banking developments. As of 2025, the country’s population reached 116.3 million, with a nominal GDP of $429.7 billion in 2026 and a GDP per capita of $3,904. Inflation, as measured by the consumer price index, stood at 20.42% in 2025, according to the World Bank data reflected in the Economy of Egypt page on Wikipedia. The unemployment rate was 7.4% in 2025, with youth unemployment (aged 15 to 24) at 18.8%. These figures highlight the importance of accessible, inflation-beating savings options for Egyptian households, particularly as real returns on deposits remain a key concern amid elevated price pressures.