{
  "id": 18952328,
  "title": "National Bank of Egypt increases yield on Platinum certificates",
  "url": "https://urgent.news/2026/11/08/national-bank-of-egypt-increases-yield-on-platinum-certificates",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-08T12:17:08.000Z",
  "source": {
    "name": "Egypt Independent",
    "slug": "egypt-independent",
    "url": "https://www.egyptindependent.com/national-bank-of-egypt-increases-yield-on-platinum-certificates/"
  },
  "original_language": "en",
  "account": "The National Bank of Egypt (NBE) has raised the yield on its fixed-rate Platinum certificates of deposits, increasing the annual interest rate by one percentage point for both monthly and quarterly payout options. The new rates are set at 18.75 percent for monthly payouts and 18.85 percent for quarterly payouts, up from the previous rates of 17.75 percent and 17.85 percent, respectively. NBE CEO Mohamed al-Etreby confirmed that the Asset and Liability Committee (ALCO) approved the rate adjustments, which became effective on Sunday, November 8. There are two types of Platinum certificates, with differences in interest payout frequency. The monthly payout certificate now yields 18.75 percent, up from 17.75 percent, while the quarterly payout certificate's yield has risen to 18.85 percent from 17.85 percent, a difference of 0.10 percentage points. To illustrate the impact, a LE 100,000 investment with monthly payouts would generate an annual return of LE 18,750, or LE 1,562.50 per month. Conversely, a LE 100,000 investment in the quarterly payout certificate would yield an annual return of LE 18,850, or LE 4,712.50 every three months. The yield adjustment follows the Central Bank of Egypt's Monetary Policy Committee decision on October 29 to raise key interest rates by 100 basis points. This increase included a 100 basis point raise in the overnight deposit rate to 20 percent, the lending rate to 21 percent, the main operation rate to 20.5 percent, and the discount rate to 20.5 percent.",
  "summary": "The National Bank of Egypt (NBE) has decided to raise the annual yield on its fixed-rate Platinum certificates of deposits. The rate is now 18.75 percent for certificates with monthly interest payouts, and 18.85 percent for those with quarterly payouts – an increase of one percentage point for each, up from the previous rates of … The post National Bank of Egypt increases yield on Platinum…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}