“New Investment Certificate (B) from National Bank Offers 11% Interest Rate”

The citizen is constantly looking for new savings certificates with high returns, as a new certificate was introduced by the National Bank, and this certificate is considered the best in terms of competitive return, as it lasts for only one year, and it is the investment certificate (B).

Interest rate on investment certificate (b)

According to the official National Bank of Egypt website, this certificate is made available for purchase, starting from the amount of 500 pounds, up to its multiples, and the fixed return on the certificate is due every month, and it can be spent from ATMs, provided that the interest rate on the certificate is 11%.

What is a Certificate of Investment (B)?

Certificates are issued to natural persons, Egyptians and foreigners, adults and minors, and it is also permissible to borrow with the guarantee of these certificates from any of the bank’s branches according to the instructions in force and the rates of returns on the date of borrowing. the purchase.

Advantages of investment certificate

One of the advantages of the investment certificate is that the return is disbursed through automatic teller machines spread throughout the Republic, during weekdays and 24 hours a day, and the duration of the certificate is one year starting from the working day following the date of purchase and is automatically renewed on its due date unless it is redeemed. or instructions otherwise.

The certificates generate a monthly periodic return at a fixed rate of return throughout the term of the certificate, determined according to the prevailing rate on the date of issuance of the certificates, calculated as of the business day following the date of purchase, and disbursed on its maturity date.

Investment certificates of the National Bank and Banque Misr

The “Al-Ahly of Egypt” offered the 22% certificate from the National Bank of Egypt, which is for a period of 3 years with a decreasing monthly return, i.e. in the first year 22%, the second year 18% and the third year 16%, and the minimum purchase is one thousand pounds.

Likewise, in Banque Misr, a 22% certificate with a decreasing return was offered as follows: 22% in the first year, 18% in the second year, 16% in the third year, and a minimum of 1,000 pounds.

Also, Banque du Caire, the bank revealed a 22% certificate, for a period of 3 years and decreasing interest, which is as follows: the first year is 22%, the second is 18%, the third is 16%, and the minimum is 10,000 pounds.