Egypt Interest Rates

The Egyptian economy with a population of 79 Million (Est 2010) ranks 26th in the world with a GDP PPP of 498 billion and GDP PPP per capita of 6,367 vs 47,123 (United States) according to the IMF in 2010. Its currency is the Egyptian Pound (EGO). Bank deposits held for a fixed term in Egypt are called time deposits. According to CIA.gov its inflation was 18.3% in 2008 and 11.8% in 2009.

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Egypt Bank Interest Rates

Showing rates for 8 Bank deposit providers in Egypt.
Provider Branch Founded Ownership
Banque Misr Banque Misr 495 1920 N/A
National Bank of Egypt National Bank Of Egypt 338 1898 N/A
Banque du Caire Banque Du Caire 231 1952 Foreign
AlexBank AlexBank 210 1957 Foreign
CIB CIB 161 1975 Local
HSBC Egypt HSBC Egypt 71 1982 Foreign
Barclays Bank Egypt Barclays Bank Egypt 54 1999 Foreign
Faisal Islamic Bank of Egypt Faisal Islamic Bank Of Egypt 29 1979 Local
Citibank Egypt Citibank Egypt 9 1955 Foreign

Egypt Discussion Activity

  • CIB
    Q: I live in the United States of America. Can I buy a CD or time deposit at CIB without actually visiting one of their offices in Egypt? Can the purchase be done on line? Thank you.

    Reply David from Ocean City, United States
  • CIB
    Q: I went to your branch in hurghada I was quoted a deposit rate of 16%. Please send me details. Is this best your best rate Venezuela is quoting 40%

    Reply Paul from Liverpool, United Kingdom
  • Deposits
    Q: May a foreigner with a tourist visa open a time deposit account?

    Reply David from Philippines
  • Deposits
    Q: Can I open a time deposit account at your bank? I am a South African. If so, can you send me the Application forms please.

    Reply Elize from Cape Town, South Africa
  • Savings
    Q: I want to open high Interest savings account. I am British & live in the U.K. But l am interested in investing in Egypt bank account. This account will be used in the future to purchase a property in Sharm el Sheikh. Thank you

    Reply Sandy from Egypt
  • Citibank Egypt
    Q: can i receive my usa social security at your bank?

    Reply Al Sarieh from Stockton, United States
  • Deposits
    Q: What is the CURRENT CD rate? How safe is the money?

    Reply Carolyn Grimes from Homosassa, United States
    • R: Hey I actually live in Egypt and just wanted to clear some stuff up: 1)CDs are now up to 20% not 10.5% 2) yes there are safe 3)There are three types of cds 3 years with a return of 16%, a year and a half with a return of 20% and a 5 year cd with a return of 20% By the way signing up for a cd is really easy right now the bank with the highest interest rates is "Banque Misr" here is the link if you want to check it out: http://banquemisr.com/

      Reply Omar
  • Savings
    Q: I am thinking of buying a property in hurghada, would I be able to open a savings account

    Reply jon c from Bury, United Kingdom
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