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QNB Egypt has launched the “SMART” Variable-Rate Monthly Savings Certificate, offering customers the opportunity to earn a competitive return linked to the Central Bank of Egypt’s (CBE) overnight deposit rate, while guaranteeing a minimum return rate of 17.25%.
The “SMART” Certificate is an innovative savings solution designed to provide customers with a monthly income while offering the potential to benefit from interest rate changes, combining the opportunity for higher returns with the stability and security of savings.
The current return on the certificate stands at 19.50% per annum, calculated as the CBE Deposit Corridor Rate plus 0.50%, subject to a guaranteed minimum return rate of 17.25%, effective July 27, 2026.
The certificate is available to individual customers in Egyptian pounds for a three-year term, with returns paid monthly. Returns are calculated starting from the business day following the certificate’s issuance date.
The minimum subscription amount is EGP 500,000, with additional subscriptions available in multiples of EGP 1,000. There is no limit on the number or amount of certificates a customer can purchase.
The “SMART” Certificate also enables customers to inquire about their certificates through QNB Egypt’s electronic banking services, as well as to obtain credit facilities secured against the certificate and denominated in the same currency.
Customers may redeem the certificate six months after issuance, subject to the applicable terms and conditions.
The launch of the “SMART” Certificate reflects QNB Egypt’s commitment to offering a diverse range of savings solutions that meet customers’ evolving needs, while providing greater flexibility in managing their savings and benefiting from competitive monthly returns.
