{"id":646292,"date":"2017-06-11T04:13:44","date_gmt":"2017-06-11T04:13:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/11\/nbe-hikes-interest-rates-on-cds-and-savings-accounts\/"},"modified":"2017-06-11T04:13:44","modified_gmt":"2017-06-11T04:13:44","slug":"nbe-hikes-interest-rates-on-cds-and-savings-accounts","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/11\/nbe-hikes-interest-rates-on-cds-and-savings-accounts\/","title":{"rendered":"NBE hikes interest rates on CDs and savings accounts"},"content":{"rendered":"

The National Bank of Egypt (NBE) raised interest rates on its short-term certificates of deposit by 100 bps to 7.5% for one-week CDs and 100 bps for the longest-term under one year, Al Borsa said<\/a> on Saturday. Rates on savings accounts have also increased by 60-75 bps.<\/p>\n","protected":false},"excerpt":{"rendered":"

The National Bank of Egypt (NBE) raised interest rates on its short-term certificates of deposit by 100 bps to 7.5% for one-week CDs and 100 bps for the longest-term under one year, Al Borsa said on Saturday. Rates on savings accounts have also increased by 60-75 bps.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9298],"tags":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-646292","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"c477eba3-6221-4ca6-bd4a-abb7f6dc8170","order":"0","is_powered_by":true,"section_story_id":"0fa75de0-d8be-4f5b-af7b-070bfdfe8ea8","story_type":"1","photo_url":"","photo_position":"above","related_issue":[646255],"teaser":"","voice_url":""},"yoast_head":"\nNBE hikes interest rates on CDs and savings accounts - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/11\/nbe-hikes-interest-rates-on-cds-and-savings-accounts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBE hikes interest rates on CDs and savings accounts\" \/>\n<meta property=\"og:description\" content=\"The National Bank of Egypt (NBE) raised interest rates on its short-term certificates of deposit by 100 bps to 7.5% for one-week CDs and 100 bps for the longest-term under one year, Al Borsa said on Saturday. Rates on savings accounts have also increased by 60-75 bps.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/11\/nbe-hikes-interest-rates-on-cds-and-savings-accounts\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-11T04:13:44+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/11\/nbe-hikes-interest-rates-on-cds-and-savings-accounts\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/11\/nbe-hikes-interest-rates-on-cds-and-savings-accounts\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"NBE hikes interest rates on CDs and savings accounts\",\"datePublished\":\"2017-06-11T04:13:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/11\/nbe-hikes-interest-rates-on-cds-and-savings-accounts\/\"},\"wordCount\":53,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/11\/nbe-hikes-interest-rates-on-cds-and-savings-accounts\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/11\/nbe-hikes-interest-rates-on-cds-and-savings-accounts\/\",\"name\":\"NBE hikes interest rates on CDs and savings accounts - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-06-11T04:13:44+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/11\/nbe-hikes-interest-rates-on-cds-and-savings-accounts\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/11\/nbe-hikes-interest-rates-on-cds-and-savings-accounts\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/11\/nbe-hikes-interest-rates-on-cds-and-savings-accounts\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NBE hikes interest rates on CDs and savings accounts\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"NBE hikes interest rates on CDs and savings accounts - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/11\/nbe-hikes-interest-rates-on-cds-and-savings-accounts\/","og_locale":"en_US","og_type":"article","og_title":"NBE hikes interest rates on CDs and savings accounts","og_description":"The National Bank of Egypt (NBE) raised interest rates on its short-term certificates of deposit by 100 bps to 7.5% for one-week CDs and 100 bps for the longest-term under one year, Al Borsa said on Saturday. 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Variable interest savings accounts will also now carry interest rates ranging from 3.75% to 11%, after the bank issued a 75-200\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648248,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/31\/cib-raises-interest-rates-on-short-term-deposit-certificates\/","url_meta":{"origin":646292,"position":1},"title":"CIB raises interest rates on short-term deposit certificates","author":"enterpriseam admin","date":"31 May 2017","format":false,"excerpt":"CIB has raised interest rates on short-term certificates of deposit by 100 bps to 3.5% for one week CDs and 11.5% for one-year CDs, according to Al Borsa. Interest rates on savings accounts and personal loans remain unchanged. Several banks, including BLOM Bank and the National Bank of Egypt, had\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":629883,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/03\/private-sector-banks-begin-lowering-interest-rates-in-response-to-cbes-latest-rate-cut\/","url_meta":{"origin":646292,"position":2},"title":"Private sector banks begin lowering interest rates in response to CBE\u2019s latest rate cut","author":"enterpriseam admin","date":"3 April 2018","format":false,"excerpt":"Private sector banks have begun lowering rates and scrapping high-yielding CDs in response to the CBE\u2019s decision last Thursday to slash key interest rates by 100 bps, according to Al Mal. CIB slashed rates on its savings accounts and certificates by 100-125 bps and QNB Al Ahli-Egypt also docked 50\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574784,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/22\/nbe-banque-misr-scrap-high-interest-savings-certificates\/","url_meta":{"origin":646292,"position":3},"title":"NBE, Banque Misr scrap high-interest savings certificates","author":"enterpriseam admin","date":"22 September 2020","format":false,"excerpt":"NBE, Banque Misr scrap high-interest CDs: State-owned National Bank of Egypt (NBE) and Banque Misr have stopped offering 15% fixed-rate savings certificates launched in mid-March, the institutions told the local press (here and here). The banks started selling the high-interest certificates in March to protect savers and ease pressure on\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/234.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":648092,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/28\/banque-misr-blom-bank-raise-interest-rates\/","url_meta":{"origin":646292,"position":4},"title":"Banque Misr, Blom Bank raise interest rates","author":"enterpriseam admin","date":"28 May 2017","format":false,"excerpt":"Banque Misr and Blom Bank have raised interest rates on loans and certificates of deposit following the CBE\u2019s decision to hike rates by 200 bps last week, Al Shorouk reports. Blom Bank increased interest on short-term CDs by a maximum of 200 bps, and is studying doing the same for\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648141,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/29\/nbe-will-not-raise-interest-rates-on-personal-loans-only-commercial-loans\/","url_meta":{"origin":646292,"position":5},"title":"NBE will not raise interest rates on personal loans, only commercial loans","author":"enterpriseam admin","date":"29 May 2017","format":false,"excerpt":"The National Bank of Egypt (NBE) will not be raising interest rates on personal loans taken out before the CBE\u2019s decision to hike interest rates by 200 bps last week, the bank\u2019s head of Retail and SME Banking tells Al Ahram. 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