I blinked Returns on savings certificates The returns changed in a number of banks, following the decision of the Central Bank of Egypt to reduce interest rates by 1% during the recent Monetary Policy Committee meeting, bringing the overnight deposit rate to 19% and the lending rate to 20%. Therefore, the search for details of the highest-yielding savings certificates increased, whether in the National Bank or the Bank of Egypt, as they have the trust of the vast majority of Egyptians.
The best Bank of Egypt certificates
Banque Misr continues to offer a variety of certificates with different payment cycles and returns to meet the needs of multiple segments of customers. The bank offers savings options with returns of up to 22%, with a minimum starting from 500 pounds in some pots, which gives customers flexibility in choosing the most appropriate certificate according to their financial goals and future plans.
Ibn Misr’s triple diminished testimony
The “Ibn Misr” certificate is one of the most prominent and highest certificates currently offered at Banque Misr, and its features and details can be explained as follows:
The certificate is issued to natural individuals only.
Duration of the certificate: 3 years.
Minimum amount to purchase a certificate: 1000 pounds and its multiples.
– Return disbursement periodicity: monthly, annual.
The value of the certificate, or part of it, can be refunded after 6 months from the date of issuance of the certificate.
It is possible to borrow against the guarantee of the certificate.
Monthly return rate
First year: 20.50%.
– Second year: 16.25%.
– Third year: 12.25%.
Annual return rate
First year: 20.50%.
– Second year: 16.25%.
– Third year: 13.25%.
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“Al Qimma” certificate with a fixed return of 16%
Banque Misr also provides a 3-year “Qemma” certificate, with a fixed return of 16% per annum, disbursed monthly.
The minimum purchase starts from 1,000 pounds and its multiples, with the possibility of partial or total refund after 6 months, in addition to the possibility of borrowing against a certificate guarantee.
My day certificate
Banque Misr offers a Yumati certificate for a period of 3 years, and is issued to natural individuals only, whether Egyptians or foreigners, with a minimum of 1,000 pounds and multiples thereof.
The return on the Umati variable certificate decreased to 19% instead of 20%, but it is still a suitable option for those who want a quick periodic return while benefiting from interest rate movements.
Interest rates on National Bank certificates today
The platinum certificate with a graduated annual return can be purchased from the National Bank of Egypt for 1,000 pounds and multiples thereof.
Platinum certificate with a graduated monthly return
Duration of the certificate: 3 years
Return method: monthly sliding scale
Return rate: 21% in the first year, 15.25% in the second, 12% in the third
Platinum certificate with a fixed monthly return
Duration of the certificate: 3 years
Return method: fixed monthly
Return rate: 16%
Platinum certificate with an annual return
Duration of the certificate: 3 years
Return method: annual
Return rate: 22% in the first year, 17.5% in the second, 13% in the third.
Advantages of National Bank certificates
You can borrow against the guarantee of these certificates from any branch of the National Bank of Egypt.
All types of credit cards can be issued with the guarantee of these certificates.
The value of the certificate cannot be refunded before 6 months have passed, starting from the next working day of purchasing the certificate.
The certificate can be redeemed before the end of the term in accordance with the rules and conditions announced by the bank, and the certificate is redeemed at the end of its term for its full nominal value.
Steps to purchase platinum certificates
Anyone wishing to purchase the certificate with the highest interest from the National Bank of Egypt must log into the customer’s account on the National Bank of Egypt application.
– Selects the icon for purchasing certificates on the main page of the application.
He determines the certificate he wishes to purchase after reviewing all its features and conditions for obtaining it.
Click on the purchase certificate icon.
