National Savings cuts profit rates up to 36bps

Mettis Global reported that the Central Directorate of National Savings (CDNS) has revised profit rates across its instruments, with most certificates and accounts seeing reductions of 30 to 36 basis points. The changes took effect in stages between September 8 and September 11, 2026. Short-tenor and Islamic products moved in the opposite direction.

Defence Savings Certificates saw their rate lowered by 33 basis points to 11.61% from 11.94%, while Behbood Savings Certificate and Pensioners Benefit Account each fell 36 basis points to 12.60% from 12.96%. Shuhada Family Welfare Account was cut by the same 36 basis points to 12.60%. Regular Income Certificates dropped 36 basis points to 11.16% from 11.52%, and Special Savings Certificates and Special Savings Account were each trimmed 30 basis points to 10.90% from 11.20%.

Short Term Savings Certificate rose 11 basis points to 11.28% from 11.17%, moving against the wider trend. The Sarwa Islamic Saving Account and the Sarwa Islamic Term Account, both on 1-year tenors, each rose 15 basis points to 11.25% from 11.10%. Mettis Global's report gives the effective dates for each instrument, which range from September 8 to September 11.