At present, more than one bank operating in Egypt has revealed an increase in the interest of the new savings bonds, in particular the National Bank and Banque Misr, and this is to increase the interest rate recently approved by the Central Bank, which has interested in very significantly the operations of the banks in the last few weeks, and which will continue for a period of time to come, particularly after Egypt has obtained another large loan of billions of dollars.
Benefits of £ 20,000 from Banque Misr and Al-Ahly Bank savings bonds
Banks operating in Egypt have announced to increase the value of savings bonds after the Central Bank’s decision to raise the interest rate by 2% on deposits and loans, and this in an exceptional meeting to curb economic inflation in this moment.
Therefore, the National Bank, and before it the Banque Misr, approved the granting of interest at the rate of 17.25% on the value of the savings bonds requested by the citizen at one of the branches of the bank at the level of the Republic.
The proceeds of savings bonds purchased of 20,000 Egyptian pounds are spent on a monthly, quarterly, half-yearly or annual basis, which is what distinguishes the new savings bonds issued by some banks in the previous period.
The yields are paid at 16% in the case of monthly payment, at 16.25% in the case of quarterly payment and at 15.50% in the case of six-monthly payment, and the ratio reaches 17.25 in the case of annual payment, which is the maximum return in all certificates.
In addition, a number of banks have issued savings certificates with a value of 17.25. The first of these banks were Banque Misr, Al-Ahly Bank, Cairo Bank, Arab African Bank, Agricultural Bank and Commercial International Bank.
