In light of the anticipation of the various banks that the Central Bank will issue a new certificate, which will be the highest in terms of interest, and whose yield could reach 20% interest, in the coming days a large number of banks are enthusiastic about issue certificates with an annual interest of 17.25%, and these certificates are the highest interest so far at the banking system level, in order to attract customers and achieve economic recovery in light of the current circumstances, and here are the details.
Many experts and bankers expected the Central Bank, in the coming period, to issue a certificate with a high yield and 20% annual interest, and this will be in Banque Misr and the National Bank, so that the price increase will be controlled, inflation is eliminated and a return is made to promote investment in the Egyptian pound.
This is in light of the low interest on the rest of the other currencies, which helps compensate customers for the erosion and erosion of the value of their savings due to the inflation that has occurred, and eliminates the black market.
Interestingly, the Central Bank decided a month and a half ago, on October 27, to increase the interest on certificates by 2%, in an extraordinary meeting of the Political Committee, to deal with the price increase, and at that time the banks were offering certificates with an interest rate of 17.25%, which determines the value of the Egyptian pound against foreign currencies, according to the state of supply and demand in the market.
We will discuss with you the highest interest rates on savings bonds in 11 banks, and this is done in the light of expectations that the Central Bank will issue new certificates with an interest rate of 29%, after the last meeting, economic changes and the current inflation.
Certificates with the highest yield in 11 banks
1- Banque Mir
Banque Misr issues several certificates, namely:
- Al-Qimma certificate for a period of 3 years, with an interest rate of 17.25% and the yield is paid annually.
- Certificates with 16% yield and the yield of the certificates is paid monthly.
- Certificates with a yield of 16.25% The yield of the certificates is paid quarterly on a quarterly basis.
These certificates can be purchased starting from one thousand pounds and its multiples.
2- The National Bank of Egypt
The National Bank of Egypt offers several certificates, which are:
- Platinum certificate for a period of 3 years, with an interest rate of 17.25% and the yield is paid annually.
- The bank has offered a certificate with 16% interest, which varies according to the frequency of the exchange, and is paid monthly.
- A certificate with an interest rate of 16.25%, payable quarterly, i.e. every three months.
- A certificate with an interest rate of 16.50%, payable semi-annually, i.e. every six months.
The purchase of certificates starts from the first thousand pounds and its multiples.
3- The United Bank
United Bank offers several certificates, which are:
- A triple certificate with an annual return of 16.25% The return is paid monthly.
- A certificate with an interest rate of 16.50% Quarterly yield is paid every three months.
- A certificate with an interest rate of 17% and a yield is paid annually.
- A certificate with 18% pa interest and yield is paid once at the end of the year, which is the term of the certificate.
The purchase of these certificates starts from the first thousand pounds and its multiples.
4- Bank QNB ALAHLI
QNB ALAHLI offers several certificates, namely:
- A triple certificate with 16% annual interest, with periodic change of monthly yield.
- Certificates with an interest rate of 16.25% with a quarterly or quarterly exchange period.
- And certificates of 17.25% of the annual trading period.
The purchase of these certificates starts from the first minimum of £500,000.
5- Bank of Cairo
Banque du Caire offers several certificates:
- Primo Gold certificate, the duration of the certificate is 3 years, with an interest rate of 17.25%, the yield of which is paid annually.
- 16% certificates, the yield of which is paid monthly.
- And certificates with an interest rate of 16.25% with a quarterly exchange period, i.e. every three months.
Purchase of these certificates starts at £10,000 in multiples of £1,000.
6- Al Baraka Bank
Al Baraka Bank issues several certificates, which are:
A new triple investment certificate, with a variable yield of no less than 17.25%, so Al Baraka Bank will be the first Islamic bank to provide its customers with a high yield certificate as stipulated by Islamic Sharia.
The purchase of these certificates begins with a minimum of the first thousand pounds and its multiples.
7- International Bank of Arab Africa
Arab African International Bank offers several certificates, which are:
- A triple certificate, with an interest rate of 17.25%, and the yield is spent annually.
- And a certificate with an interest rate of 16.50% and the yield is paid semi-annually every six months.
- Certificates with a yield of 16.25% and are disbursed on a quarterly basis, i.e. every three months.
- Certificates with a yield of 16% and the yield is paid monthly.
8- Nasser Social Bank
Nasser Bank offers several certificates, which are:
- A senior citizen return certificate, which has a term of 3 years, and this certificate has a yield of 17.5%, and the yield is paid annually.
- The savings voucher has a duration of 3 years, and is for all customers aged 16 and over, with a yield of 17.25%, which is spent annually.
- And a certificate with an interest rate of 16.25%, and the yield is paid every three months, i.e.
- And a certificate with 16% interest and the yield is paid monthly.
The purchase of any certificate from them starts from the first thousand pounds and its multiples.
9- Banca SAIB
SAIB offers several certificates, namely:
- A triple certificate made out to (Crystal) with an interest rate of 17.25% and the yield is paid annually.
- A certificate with 16% interest and yield is paid monthly.
- A certificate with a yield of 16.25% The yield is paid quarterly, i.e. every three months.
- A certificate with an interest rate of 16.5% The yield is paid semi-annually, that is, every six months.
The purchase of these certificates starts at a minimum of the first million pounds.
10- Agricultural Bank
The Agricultural Bank offers several certificates, which are:
- A triple savings voucher with an annual rate of return of 17.25% The return is paid annually.
- A certificate with a yield of 16% per annum and the yield is paid monthly.
- A certificate with a yield of 16.25% per annum. The yield is paid every three months, i.e. quarterly.
The purchase of these certificates starts from a minimum of the first thousand pounds and its multiples.
11- The Egyptian Export Development Bank
The Export Development Bank of Egypt issues this certificate:
A triple certificate with an interest rate of 17%, the yield of which is spent annually, and the purchase of this certificate starts from the first thousand pounds and its multiples.
