National bank certificates The new 2023 What are the certificates of the National Bank of Egypt 20%? How to buy savings bonds from the National Bank? What are the return values for each certificate? All this information and much more, we will list in this article Certificates of the National Bank of Egypt 20% The Bank of Egypt has announced several decisions to stabilize and protect the Egyptian economy.
- The interest rate was raised to 200 points as announced by the Monetary Policy Committee.
- Savings bond yields were raised by a group of Egyptian banks, after they raised savings bond yields in the National Bank of Egypt.
- The National Bank of Egypt has raised its savings certificate to achieve financial returns and work to attract more customers.
- The National Bank has offered platinum certificates, the annual yield of these certificates reaches 17.25% over a three-year period.
- It has been announced by some experts that these certificates are for a fixed term and will not only last from 6 months to a year, after which the savings bonds will be suspended.
National Bank investment certificates
There are several types of investment certificates, namely:
- Investment Certificate (A): The annual interest rate for this certificate is 9.5% and the return will be paid at the end of the term of the certificate or cumulatively. The term of this certificate is 10 years.
- Investment certificate (B): The interest of this certificate is paid on a quarterly basis and the interest is 8%. The term of this certificate is two years and the yield is fixed.
- Investment Certificate (B): The term of this certificate is 3 years and the yield is quarterly. The interest rate for this certificate is 10% per annum.
- Investment certificate (C): this certificate has no yield, since the interest rate is zero; This is in exchange for entering the prize draw, which ranges from 10,000 Egyptian pounds to 50,000 Egyptian pounds, and the term for this certificate is 20 years.
- The investment certificate is annual: the yield on this certificate is paid monthly and the interest on the investment certificate is 7.5.
What are Platinum Certificates?
- The duration of this certificate is 3 years, with an interest rate of 17.25%.
- This certificate can be purchased starting from thousands of Egyptian pounds. You can choose any date you want to pay the interest on the certificate, whether monthly with 16% interest, quarterly with 16.25% interest or semi-annual with a yield of 16.5%.
Which are the banks that have raised the value of the yield
There are several banks that have raised the yield on savings bonds to 17.25%, and among these banks:
- Al Baraka Bank This bank has issued certificates of variable interest, this bank follows Islamic transactions in the bank.
- International Bank of Arab Africa.
- Nasser Social Bank.
How to buy savings bonds
You can buy these certificates in three ways, as announced by the National Bank:
- You can go to the National Bank branch closest to you, National Bank branches are everywhere, this is the main method.
- The savings bond can easily be purchased via telephone banking.
- There is another way to buy a savings certificate through internet banking.
So, we have finished listing all the important information revolving around the National Bank of Egypt 20% certificates and how to buy them the easiest way.
