Egyptian banks have recently issued a series of bank certificates with new rates, which have received great demand from citizens, hoping to increase annual and monthly income through the new National Bank certificates, as well as about four other banks that have offered their certificates to clients, similar to the Central Bank’s decisions.Al-Masry has decided to raise the interest rate on deposits and loans to offer certificates at a higher rate during this year, and we will try to clarify more details on the method of purchase and the conditions required, as well as the banks that issue savings bonds.
New National Bank certificates
After the Central Bank of Egypt announced its recent decisions, the banks placed the new certificate of 17.25%, which this time outperformed the National Bank and Banque Misr, as more than one bank entered this percentage , including Cairo Bank and QNB, all these issues in order to increase the value of investments in the local currency, which is the Egyptian pound, and trying to reduce the impact of the global economic crisis.
In all, the National Bank certificates of 17.25%, alongside the other announced banks, last for a period of no less than three years, during which time the investment in bank certificates is made, and many start looking for how to break the certificate in which they are present to put money in the certificate of 17.25%, which means More profits accrue for the customer, knowing that each bank certificate has conditions referenced by the bank affiliated to it.
Conditions for the National Bank certificate 17.25%
- It can be bought from the beginning of 1000 Egyptian pounds or more.
- The bank provides returns in four forms, an annual amount of 17.25% and a rate of 16% for the monthly withdrawal.
- All customers can obtain a loan as collateral for the certificate they have purchased.
- It is forbidden to return the entire money in case of the will to cancel the certificate before 6 months.
- When you only put in an amount of 200 thousand, you get 34500 pounds a year.
- The stability of the return and the calculation of the profit from the second day of purchase.
