QNB Bank Egypt announced the launch of two new savings certificates under the name “First” and “First Years”, in a step that reflects a clear trend towards expanding the bouquet of fixed-return savings funds, and providing financial solutions that combine security and attractive returns, in a way that meets the needs of different segments of customers within the Egyptian banking market.
This report from Banker dealt with the details of the return on QNB Egypt savings certificates, especially for the “First” and “First Seconds” savings certificates, reviewing the characteristics of each certificate in terms of investment duration, subscription limits, and prescribed returns, in addition to clarifying the options for disbursing the return, additional benefits related to liquidity, and the possibility of obtaining credit facilities.
QNB Bank certificates with a fixed return for 3 years
The new QNB certificates are based on providing savings with a fixed return throughout the investment period, which extends to three years, ensuring clarity of vision for customers and stability of return without being affected by market fluctuations.
The bank takes into account the difference in financial capabilities among customers, as the minimum investment in the “First” certificate starts from 500 thousand pounds, which gives a wide segment the opportunity to benefit from a fixed return, while the “First Seconds” certificate targets those with high financial net worth, with a minimum starting from 5 million pounds, to meet the needs of large investors looking for distinct savings solutions.
Returns on QNB Bank certificates
The bank provides complete flexibility in the periodicity of interest disbursement, as the customer can choose to disburse it monthly, quarterly, or annually, according to his financial needs. The return rate in the “First” certificate reaches 16% when disbursed monthly, while the “First Years” certificate offers an annual return of up to 17.25%, which places the two certificates among the competitive offers currently offered within the banking sector.
Advantages of QNB Bank certificates
The offer is not limited to the return only, but includes a set of benefits that give the customer greater flexibility in managing his money, as the return can be added to any of his accounts with the bank, whether current, current with a return or savings account, with withdrawal available at any time throughout the day using a direct debit card.
The “First” and “First Seconds” certificates also provide the possibility of obtaining credit facilities guaranteed by the certificate, which provides immediate liquidity without the need to break the savings pool.
Encouraging long-term saving
The offering of the “First” and “First Years” certificates comes in the context of banks’ move towards encouraging long-term savings, and providing safe financial tools that help attract local savings and employ them effectively, in a way that supports financial stability and enhances the role of the banking sector in financing economic activities.
The two certificates of encouraging long-term savings represent a new addition to safe investment options, especially for investors who want a fixed return with flexibility in obtaining liquidity, and to benefit from the financial solvency and banking experience that QNB Bank Egypt enjoys within the market.
