Sunday 06/August/2023 – 09:54 PM
Many citizens seek to know the details of the new certificates of the National Bank in dollars and pounds, after the basic inflation rates reached the level of 41% during June 2023, and the Monetary Policy Committee’s decision to raise interest.
National Bank certificates
वतुत्र National Bank certificates The latter is in dollars and pounds, with a high return to enable Egyptian citizens working abroad and at home to invest and save.
Dollar savings certificates
A few days before the meeting of the Monetary Policy Committee of the Central Bank, which approved an interest rate hike of 1%, the National Bank turned to saving certificates in US dollars for a period of 3 years, with the possibility of purchasing certificates as of Wednesday, July 26, 2023.
The first dollar certificate was in the National Bank of Egypt, under the name Al-Ahly Plus, and the duration of the certificate is 3 years (36 months) at an annual return rate of 7%. The return is paid in the same currency quarterly, and 50% of the value of the certificate can be borrowed in pounds, for investment purposes, with a maximum of To 10 million pounds, at a return rate of 2.25% less than the Central Bank’s lending rate.
The National Bank offers Egyptian citizens the second dollar certificate, Al-Ahly, immediately, and the duration of the certificate is 3 years, at an annual return rate of 9%, which is paid in advance in the equivalent in Egyptian pounds, equivalent to 27% of the value of the certificate for the total period of the certificate, and the value of the certificate starts from one thousand pounds, and it is not permissible to borrow. The certificate shall be returned on the maturity date in the same US dollar currency.
National Bank certificates
The National Bank also offers certificates in Egyptian pounds, with a return of 19 and 22%, for a period of 3 years, and the first certificate grants an annual interest of 19%, paid monthly, and the minimum purchase price starts from the first thousand pounds and its multiples, while the second certificate is granted in the first year with a return of 22%, and 18 % for the second year, and 16% for the third year. The return is paid monthly, and the minimum purchase price starts from the first thousand pounds and its multiples.
2023-08-06 18:55:59
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