In light of the current circumstances related to stopping the sale of certificates with the largest return, whose returns amounted to 18%, which collected regarding 750 billion pounds, the National Bank of Egypt decided to make amendments related to increasing the return on all savings and investment certificates it issued, and the bank decided to raise the interest rate offered on The platinum certificate is up to three percent, which has a period of three years. The amendment also included an increase in the interest on the five-year platinum certificate also by 3%. We will provide you with more details regarding the certificates of the National Bank of Egypt.
Investment certificate in the National Bank of Egypt
(National Bank of Egypt saving certificates)
In accordance with the Central Bank’s decision, which stipulated raising the normal deposit rates and the one-night lending return, the National Bank of Egypt decided to make adjustments to all savings certificates, as follows:
Triple Platinum Certificate with 14% return:
- The triple platinum certificate is a new certificate that the National Bank of Egypt has offered to customers, with a fixed return of 14%, which the customer spends monthly.
- This is provided that the minimum purchase of the certificate is 1,000 pounds and its multiples. Therefore, if the certificate is worth 40,000 thousand pounds, it will give you a monthly return of 65,000 thousand pounds per month.
Features of the National Bank of Egypt investment certificate
This certificate is distinguished by the fact that it allows the customer to obtain a loan with a guarantee of its value only. All you have to do is to go to any branch of the National Bank of Egypt and follow the instructions contained therein.
- This certificate also allows the customer to issue a credit card of all kinds, provided that the return on this certificate is calculated from the day following the purchase of the certificate.
- The bank also declared the triple certificate with a return of 14%, and the customer is not entitled to redeem it before the lapse of six months, provided that this period is calculated from the day following the purchase of the certificate.
- However, the customer has the right to recover its value before the end of its specified period of three years, in accordance with the rules and conditions contained therein, and the customer has the right to recover its value in full at the end of its period.
- It is three years, and therefore it can be said that if the certificate is worth 400,000 pounds, the client will spend 56,000 pounds per month as a return on it.