10:49 PM Thursday, February 01, 2024
Written by Manal Al-Masry:
QNB AlAhli Bank announced that it raised the interest rate on triple fixed-return certificates to reach 22.25%, and the interest is disbursed monthly. It also decided to offer new certificates with high interest rates that meet the needs of different segments of customers, according to a statement today.
QNB AlAhli Bank’s decision came after the Central Bank raised the interest rate by 2% on deposits and lending in its first meeting during 2024 on Thursday, in line with market expectations.
QNB Al Ahli Bank said that it raised the interest rate on the QNB Al Ahli triple certificate with a fixed return on the pound, which can be linked starting from a thousand pounds, and the “First” certificate, which can be issued with a minimum of 500 thousand pounds.
The “Exclusive” certificate was offered with a minimum of one million Egyptian pounds for the first issuance of the certificate, and the “First Plus” certificate with a minimum of 5 million Egyptian pounds for the first issuance of the certificate, according to QNB Bank.
The “Ultra” certificate was also introduced, which can be linked to a minimum of 10 million pounds for the first issuance of the certificate, noting that all certificates can be issued in multiples of one thousand pounds after the first issuance.
These certificates, according to the statement, allow the return to be added to the QNB AlAhli current account, the current account with a return, or the savings account. The return can also be reinvested to pay insurance premiums, as well as the possibility of obtaining a loan or issuing a credit card guaranteed by the certificate.
The certificate can also be purchased through electronic channels (mobile banking and internet banking) or by going to one of the bank’s branches, which number about 234 branches distributed throughout the republic.
2024-02-01 20:49:00
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