Deposits | Banky

Islamic

Egyptian pound deposit certificates

SCBank 3.0 Islamic

Rate 8.75% – 11.75%

Term 1 yr

Min. deposit EGP 2,000

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Added Wednesday 19 August 2026 - 03:33 PM Updated Wednesday 19 August 2026 - 03:42 PM

Returns

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Amount & term

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Our take 3.0

3.0 Banky rating

Pros

Low minimum investment: The minimum investment starts at EGP 2,000, making the product accessible to a wide range of customers.
Wakala-based structure: The deposit is structured under the Wakala investment model, in line with the nature of Islamic banking products.

Cons

Payment frequency depends on the term: Customers may not be able to freely select any payment frequency for every maturity, as return payment options depend on the applicable terms and tiers.
Lower return on very short terms: The one-week option offers a return of 8.75%, which is lower than the rates available for some longer terms.

Our take

The EGP Wakala Investment Deposits are suitable for individuals and companies seeking a Sharia-compliant investment with a low minimum investment and flexible maturity options. However, the maximum advertised return of 11.75% may make other higher-yielding products more attractive for customers primarily focused on maximizing returns.

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Islamic

Variable deposit certificates

SCBank 3.0 Islamic

Rate 10.88% – 15.38%

Term Flexible

Min. deposit EGP 1,000

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Added Wednesday 19 August 2026 - 02:54 PM Updated Wednesday 19 August 2026 - 03:42 PM

Returns

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Amount & term

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Our take 3.0

3.0 Banky rating

Pros

Flexible investment terms: Customers can choose from maturities ranging from one week to one year
Flexible return payment options: Returns can be paid monthly, quarterly, semi-annually, or annually, depending on the applicable terms.

Cons

Tier-based returns: The applicable return varies according to the deposit amount and maturity period.
High balance required for the highest return: Customers need to maintain more than EGP 10 million for one year to receive the maximum annual rate of 15.38%.

Our take

The Variable EGP Wakala Investment Deposits are suitable for individuals and companies seeking a Sharia-compliant investment with flexible maturity periods and return payment options. The product offers a wide range of maturities, starting from one week up to one year, with returns payable monthly, quarterly, semi-annually, or annually. Return rates increase according to the deposit amount and maturity period, reaching 15.38% annually for deposits exceeding EGP 10 million with a one-year term. The product is particularly suitable for customers seeking flexibility in investment duration and return payments, while customers looking for a fixed and predictable return may prefer fixed-rate certificates or deposits.

The Variable EGP Wakala Investment Deposits are suitable for individuals and companies seeking a Sharia-compliant investment with flexible maturity periods and return payment options. The product offers a wide range of maturities, starting from one week up to one year, with returns payable monthly, quarterly, semi-annually, or annually. Return rates increase according to the deposit amount and maturity period, reaching 15.38% annually for deposits exceeding EGP 10 million with a one-year term.

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Multi frequencies time deposits

NBE 4.0

Rate 9.1% – 15.5%

Term 7 yrs

Min. deposit EGP 1,000

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Added Sunday 09 August 2026 - 08:34 AM Updated Sunday 09 August 2026 - 08:49 AM

Returns

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Amount & term

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Withdrawal & renewal

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Our take 4.0

4.0 Banky rating

Pros

It is possible to borrow against it in accordance with applicable rules.
You can invest for the long term with the flexibility to choose the return frequency.
It may be redeemed prior to the end of the term, in accordance with the rules and conditions announced by the bank.
Low minimum amount to open the deposit: starts at just EGP 1,000.

Cons

Lower interest yield compared to certificates: The interest rate on deposits is significantly lower than that of the savings certificates offered by the bank.
Diminishing returns with longer terms: For long-term deposits (ranging from 4 to 7 years or more), the annual return rate is lower compared to shorter terms (one or two years).
Loss of interest upon early withdrawal: Although the deposit can be redeemed at any time, withdrawing it before maturity results in a recalculation of the return or the deduction of a portion of it as an early withdrawal penalty.

Our take

A deposit is a short-term liquidity management tool rather than a long-term investment vehicle. If your goal is a higher return, certificates are the most suitable choice; however, if you prioritize flexibility and quick access to liquidity, a deposit is the better option. Choose a "deposit" in the following situations: If you have temporary surplus funds that you know you will need in the near future (within a week, a month, or a period ranging from a few months to a year) and wish to earn a return on them rather than leaving them in a current account. If you are concerned about locking up your funds and want the ability to withdraw or reclaim them at any time, without having to wait for a six-month period to elapse.

Deposits at the National Bank of Egypt are a short-term liquidity management tool, not a long-term investment instrument.

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Time deposits

ABE 4.0

Rate 4.25% – 8.75%

Term 3 yrs

Min. deposit EGP 1,000

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Added Sunday 09 August 2026 - 08:17 AM Updated Sunday 09 August 2026 - 08:29 AM

Returns

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Amount & term

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Withdrawal & renewal

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Our take 4.0

4.0 Banky rating

Pros

Flexibility in terms and minimums: Time deposit terms range from 7 days to 3 years.
The bank allows borrowing or obtaining credit cards secured by the deposit, up to 80%–85% of its value.
Tax Exemption: Returns earned on deposits are exempt from taxes.

Cons

Low interest rates on short-term deposits: Yields on time deposits (with terms of less than one year) are relatively low compared to high-yield accounts or certificates of deposit.
A relatively high minimum threshold for placing the deposit.

Our take

Products offered by the Agricultural Bank of Egypt represent a safe and convenient option for savers who prefer dealing with local branches in regional centers and provinces. They offer optimal financial returns, with short-term deposits catering to those who wish to lock up liquidity for brief periods—ranging from one to six months—without committing to long-term withdrawal restrictions. While deposits at the Agricultural Bank of Egypt offer a traditional savings solution characterized by flexibility and a variety of available terms, they are generally classified as tools for short-term liquidity management rather than instruments for long-term investment.

Deposits at the Agricultural Bank of Egypt are considered a traditional savings solution characterized by flexibility and a variety of available maturities.