Banque Misr, NBE cut rates on USD 3-year CDs

Updated 3/19/2025 9:01:00 AM
Banque Misr, NBE cut rates on USD 3-year CDs

Arab Finance: Banque Misr and the National Bank of Egypt (NBE) cut interest rates on their three-year term certificates of deposit (CDs) in US dollars by 0.5%, effective March 17th, according to a statement.

In this regard, Banque Misr’s Al Qema and Elite savings certificates offer annual returns of 7.5% and 5.5%, respectively.  

Meanwhile, the annual returns of NBE’s Al Ahly Fawran and Al Ahly Plus certificates stand at 7.5% and 5.5%, respectively.

In October 2024, the two lenders reduced interest rates by 0.5% as well.

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