Currently, models that provide monthly interest of up to 30 thousand riyals are being sought in banks. Customers are interested in knowing the return they will get when they put their money in banks, whether through investment certificates or savings accounts.
According to a report published by Al Bayt News, some banks in Egypt offer monthly interests of up to 30,000 riyals. For example, the National Bank and Banque Misr offer 3-year investment certificates with an interest rate of 19%, payable monthly. You can start purchasing these certificates with a minimum amount of one thousand riyals and multiples thereof.
For example, if a certificate worth 30,000 riyals is purchased from Banque Misr or the National Bank, you will receive a monthly return of 475 riyals for 3 years.
The highest return on investment certificates in Egypt today
Mashreq Bank offers an investment certificate that is considered one of the highest certificates available in banks currently. This certificate comes with an annual interest rate of 19.5%, and the return is disbursed monthly. You can start purchasing this certificate with a minimum amount of one thousand pounds.
For example, if a certificate worth 30,000 pounds is placed in Mashreq Bank, you will get a monthly return of 488 pounds.
Agricultural Bank of Egypt also offers an investment certificate with the same interest as Mashreq Bank at 19.5%, and the return is disbursed semi-annually. You can start purchasing this certificate with a minimum amount of one thousand pounds, and interest is due every 3 months in the amount of 1464 pounds.
United Bank certificates 2023
The United Bank offers a 3-year variable-return investment certificate, with an annual interest of 19%, and the return is disbursed monthly. For example, if an investment certificate worth 30,000 pounds is purchased, you will receive a monthly return of 475 pounds for 3 years.
Savings account benefits
Currently, interest rates on most savings accounts range between 6% to 7.5% on £30,000. Therefore, you will receive a monthly interest ranging from 150 pounds to 195 pounds.
2023-09-30 11:57:28
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