Banque Misr has decided to reintroduce the new savings product, the "Talaat Harb" certificate. This certificate represents a savings opportunity for a fixed one-year term that provides a locked-in interest rate for the entire duration of holding the certificate.

The certificate yields a 27% annual return paid at maturity. If desired, the return can be paid monthly at an annual rate of 23.5%. The minimum investment is 1000 Egyptian pounds, with higher amounts in multiples, issued to individuals, minors, Egyptians, and non-Egyptians. The one-year term starts the next business day after the purchase.

Starting Friday, January 5, 2024, the certificates can be purchased through online/mobile banking, BM Online,ATM or any of the bank's 800 branches nationwide. The certificate will be activated by the next business day, January 8, 2024. 

Borrowing against the certificates is allowed, as is issuing credit cards secured by the certificates. Certificates are redeemable after six months according to the bank's redemption terms and conditions.