01:34 PM
Monday 03 January 2022
I wrote – Manal Al-Masry:
Certificates retain their attractiveness to customers’ savings by providing the highest return offered at the level of the rest of the banks with the advent of the new year 2022, which makes them the most in demand.
8 banks topped the banking system in providing a high return on 3-year savings certificates with a regular monthly periodicity without any change over the course of their connection.
It is possible to borrow once morest the guarantee of the certificate at a rate of up to 95% of the nominal value of the certificate and with a debit rate of return that increases between 2% to 3% as a minimum, above the certificate price.
The certificate may not be redeemed before the lapse of 6 months from the date of the day following the purchase, and it shall be redeemed according to the redemption schedule announced by the bank.
Masrawy offers the interest rate offered on 3-year savings certificates in 8 banks, which gives the highest return at the level of the banking system.
1- Med Bank Certificate: The interest rate is 11.25% annually, and the return is paid monthly.
2- Al-Ahly Bank: the interest rate is 11% annually, and the return is paid monthly.
3- Banque Misr: The interest rate is 11% annually, and the return is paid monthly.
4- Egyptian Agricultural Bank: The interest rate is 11% annually, and the return is paid monthly.
5- Al-Ahly of Kuwait: 11% annually, the return is paid monthly.
6- The Arab Investment Bank: 11% annually, and the return is paid monthly.
7- The real estate bank: 11% annually, and the return is paid annually.
8- Mashreq Bank: 11% annually, and the return is paid monthly.
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