Banque du Caire has launched a new suite of savings certificates offering returns of up to 18.5%, as part of its ongoing strategy to provide flexible savings and investment solutions tailored to the needs of different customer segments while helping maximise returns on savings.
In a statement, the bank said the new products include savings certificates designed for its Affluent “Primo” customers, featuring fixed returns and a variety of interest payment frequencies. The package also includes certificates offering monthly and step-up returns, giving customers greater flexibility in selecting products that align with their financial objectives.
Under the new Primo Affluent programme, Banque du Caire introduced two savings certificates with a minimum subscription amount of EGP 1m. The first offers a fixed annual return of 18.5%, with interest paid annually, while the second provides a fixed annual return of 17.5%, with returns disbursed on a quarterly basis.
The bank also launched additional savings certificates for a broader customer base. These include a three-year certificate offering a fixed monthly return of 17.25%, with a minimum subscription of EGP 1m.
Another three-year step-up certificate offers a variable return structure, starting at 18% in the first year, declining to 16% in the second year and 14% in the third year. Interest is paid monthly, with a minimum subscription amount of EGP 50,000.
Mohamed Tharwat, Head of Retail Banking at Banque du Caire, said the launch reflects the bank’s commitment to offering a diversified range of savings and investment products that provide customers with greater flexibility in choosing payout frequencies according to their financial needs and goals.
He added that the bank remains focused on continuously developing its savings and investment portfolio and introducing innovative financial solutions that deliver attractive returns while reinforcing its competitive position in the Egyptian banking sector.
