After the decision of the Central Bank of Egypt, the interest rate was raised through the Monetary Policy Committee, whereby the interest rates on deposits were raised to 13.25% and the loan and loan rates were 14. , 25%, overnight, and the main transaction rate was 13.75%, or 200 basis points.
The search for citizens interested in saving certificates and investing their own money has increased the new rate of return of Banque Misr certificates, which increases the rate of return every time the interest rate is raised by the Central Bank of Egypt.
The news spread that Banque Misr decided to reissue a savings voucher with an annual yield of 18%, which it had issued 5 months ago, and it lasted for a while, then the bank decided to discontinue it.
The news reached Banque Misr, who replied through her official website, where Bey Misr confirmed that she had not issued an 18% yield savings certificate since her suspension, after reaching her target, which amounted to around 750 billion pounds.
He indicated to a bank that it decided to raise the rate of return from the summit certificate after the Central Bank’s decision, to reach 17.25% per annum,
And not 18%, which is the highest yield in the banking market right now.
Banque Misr allowed the payment of a return of 16% on this certificate monthly and a return of 16.25% on a periodic quarterly return.
The semiannual yield of this certificate is 16.5%.
Certificate details
The certificate is issued to natural persons only.
Duration of the certificate: 3 years.
Minimum purchase of the certificate: £ 1,000 and multiples thereof.
Fixed interest rate for the entire term of the certificate, paid monthly / quarterly / semi-annually / annually.
The value of the certificate, or part of it, is refundable after 6 months from the date of issue of the certificate
You can redeem the value of the certificate or part of it according to the certificate redemption rules
You can borrow against the certificate collateral
