Five-year certificate of the National Bank Banks are one of the places that citizens prefer to put their money inside because it contains a security system in addition to interests that are paid annually or monthly according to the type of investment certificates that the citizen subscribes to, and the National Bank of Egypt offers a set of large savings certificates that vary according to the number of years The minimum amount by which the money is placed, it is worth noting that the Central Bank has announced stopping the issuance of bank certificates with an interest rate of 14%, which was launched several months ago and achieved great success approaching one trillion Egyptian pounds following a large number of citizens entered it, whether in Al-Ahly or Bank of Egypt.
Five-year certificate of the National Bank
Of course, a specific percentage is set according to each bank in Egypt or the world, which determines the annual and monthly interest rate. As for the five-year National Bank certificate, the interest rate for it reaches 12.25%, which is good compared to some other bank certificates, and the minimum level is suitable for all customers Where a minimum amount of one thousand pounds is placed, knowing that it is used every five years as agreed upon between the National Bank and the client.
The advantages of the fixed Al-Ahly Bank certificate
- The annual interest on the amounts placed in the five-year National Bank certificate amounts to 12.25%.
- The duration of the certificate is to last up to 5 years.
- The customer can start from the amount of 1000 Egyptian pounds.
- The interest is calculated starting from the next month following purchasing the National Bank’s fixed certificate.
- A citizen can withdraw a loan as agreed upon by the customer service within the bank, with the guarantee of the certificate he purchased.
- He can get the value of the certificate he subscribed to following a minimum of six months has passed until he withdraws the full amount.
- In the case of placing an amount of up to 500,000 pounds, the customer can reap benefits of up to 61,250 pounds following the prescribed period.