01:55 PM
Friday 16 September 2022
I wrote – Manal Al-Masry:
14 banks lead in providing a high interest rate on the triple certificates of fixed income at the level of the banking system, with an interest rate of 13.5%, 14% and up to 15.25%, according to a survey conducted by Masrawy on certificates in banks.
Banks began offering a high-yield certificate, starting from last March, following the Central Bank decided to raise interest rates to curb inflation and absorb the shock of the Federal Reserve’s interest-raising and the negative consequences of global economic conditions affected by the war in Russia and Ukraine.
The Central Bank decided, in an extraordinary meeting of the Monetary Policy Committee, to raise the interest rate by 1% last March for the first time in five years, and then raised it by 2% at the next meeting last May.
The Central Bank will hold a meeting of the Monetary Policy Committee next Thursday to discuss the fate of interest in its sixth meeting this year.
Masrawy offers the highest interest rates on high savings certificates in 14 banks currently at the level of the banking system before the next interest meeting at the Central Bank.
Nasser Social Bank
Triple Certificate: The interest rate is 15% annually, the return is paid annually, or 14.25% annually, the return is paid quarterly, or 14% annually is paid monthly, and its purchase starts from the first thousand pounds as a minimum.
Triple Certificate (Give Back) for the elderly only: at a return rate of 15.25% annually, the return is paid annually, or 14.5% annually, the return is paid quarterly, or 14.25% annually is paid monthly and starts to be purchased from the first thousand pounds as a minimum.
National Bank of Egypt
The platinum certificate is for a period of 3 years for a fixed return: the interest rate is 14% annually, and the return is paid monthly, and its purchase starts from the first thousand pounds as a minimum.
Egypt Bank
The Summit Certificate is for 3 years for a fixed return: the interest rate is 14% annually, the return is paid monthly, and its purchase starts from the first thousand pounds as a minimum.
Arab Investment Bank
It offers a triple certificate: the interest rate ranges between 14% annually and the return is paid on a monthly basis, 14.05% quarterly return, and 14.10% annual return, and its purchase starts from the first 10,000 pounds as a minimum.
Al Baraka Bank of Egypt
A savings certificate with a variable return for a period of 3 years: a variable return according to the results of the business, and the return is currently not less than 14% annually with a monthly payment cycle, and it is purchased from the first thousand pounds.
Arab African International Bank
The Triple Certificate Emerald: The interest rate ranges between 13.75% annually and the return is paid on a monthly periodicity, 14% annually is paid on a quarterly basis, 14.125% annually is paid on a semi-annual periodicity, and 14.25% is paid annually, and its purchase starts from the first 5,000 pounds as a maximum. minimum.
Housing & Development Bank
3-year certificate: with interest ranging between 13.5% annually for the monthly return period, and 13.75% annually for the quarterly return period, and its purchase starts from the first thousand pounds as a minimum.
Royal Certificate: The Development Bank sells this certificate at an interest rate of 14.25%, to be paid annually, provided that the minimum purchase amount is not less than one million pounds.
Al Ahli Bank of Kuwait
3-year certificate: with an interest rate of 13.5% annually, with a monthly periodicity to pay the return, and its purchase starts from the first thousand pounds as a minimum.
Triple certificate, which can be purchased from one million pounds: the interest rate is 14% annually and is paid monthly.
Egyptian Export Development Bank
He sells a triple savings certificate with an interest of 14% annually, which is paid annually, and it starts buying it from the first thousand pounds as a minimum.
Commercial International Bank CIB
It offers a triple certificate: at an interest rate of 13.5% annually, and the return is paid monthly with a fixed return, provided that the minimum purchase of the certificate is not less than 100,000 pounds.
4-year certificate: offers an interest rate of 14% annually, provided that the minimum purchase of the certificate is not less than 100,000 pounds.
Attijariwafa Bank of Egypt
Triple Certificate of Fixed Return: The interest rate ranged between 13.5% annually for the monthly return periodicity, 13.7% annually for the quarterly return periodicity, 13.8% annually for the annual return periodicity, and 14% annually with the return disbursing cumulatively at the end of the certificate period. .
The purchase of this certificate starts from the first 20,000 pounds as a minimum.
SAIB Bank
The triple certificate (the saver): sells a certificate with an interest of 13.5% annually, and the return is paid monthly, and it is purchased from the first 5 thousand pounds.
Triple Certificate (Excellent): The return is recorded at 14% annually for the monthly return periodicity, but its purchase starts from the first million pounds as a minimum.
Abu Dhabi Commercial Bank Egypt
My Triple Money Certificate: The interest rate ranges between 13.5% annually for the monthly return periodicity, 13.6% annually for the quarterly return periodicity, and 13.75% annually for the semi-annual return periodic, and its purchase starts from the first 5,000 pounds.
Triple Certificate (Excellence): The interest rate is 14% annually, and the return is paid monthly, provided that the minimum purchase amount is not less than 250 thousand pounds.
Suez Canal Bank
Triple Certificate: The interest rate ranges between 13.5% annually for the monthly return periodicity, 13.6% annually for the quarterly return periodicity, and 13.75% annually for the annual return-disbursement periodic, and its purchase starts from the first 10,000 pounds as a minimum.
