National Bank certificates The new 2023 What are the certificates of the National Bank of Egypt 20%? How to buy savings certificates from the National Bank? What are the return values for each certificate? All this information and more, we will list it in this article. Certificates of the National Bank of Egypt 20% The Egyptian Bank announced several decisions to stabilize and protect the Egyptian economy.
- The interest rate was raised to 200 points and this was announced by the Monetary Policy Committee.
- The returns of the savings certificates were raised by a group of Egyptian banks, following raising the returns of the savings certificates in the National Bank of Egypt.
- The National Bank of Egypt raised the savings certificate to achieve financial returns and work to attract more customers.
- The National Bank offered platinum certificates, the annual return of these certificates reaches 17.25% for a period of three years.
- It was announced by some experts that these certificates are for a limited period and will not last from 6 months to a year only, and following this period the savings certificates will be suspended.
National Bank investment certificates
There are several types of investment certificates, namely:
- Investment Certificate (A): The annual interest rate for this certificate is 9.5%, and the return will be disbursed at the end of the certificate’s term or cumulatively. The term of this certificate is 10 years.
- Investment Certificate (B): The interest of this certificate is paid on a quarterly basis, and the interest is 8%. The term of this certificate is two years, and the return is fixed.
- Investment Certificate (B): The term of this certificate is 3 years and the return is quarterly. The interest rate for this certificate is 10% per year.
- Investment Certificate (C): This certificate has no return, as the interest rate is zero; This is in return for entering the prize draw, which starts from 10,000 Egyptian pounds to 50,000 Egyptian pounds, and the term for this certificate lasts for 20 years.
- The investment certificate is for a year: the return of this certificate is paid monthly, and the interest of the investment certificate is 7.5.
What are Platinum Certificates?
- The duration of this certificate is 3 years, with an interest rate of 17.25%.
- This certificate can be purchased starting from thousands of Egyptian pounds. You can choose any date you want to pay the interest of the certificate, whether it is monthly with an interest of 16%, quarterly with an interest of 16.25%, or semi-annual with a return of 16.5%.
What are the banks that raised the value of the return
There are several banks that have raised the yield of savings certificates to 17.25%, and among these banks:
- Al Baraka Bank This bank issued certificates of variable interest, this bank follows the Islamic transactions in the bank.
- Arab African International Bank.
- Nasser Social Bank.
How to buy savings certificates
You can purchase these certificates in three ways, as announced by the National Bank:
- You can go to the National Bank branch closest to you, National Bank branches are located everywhere, that is the main method.
- The savings certificate can be easily purchased through phone banking.
- There is another way to buy a savings certificate through internet banking.
Thus, we have finished listing all the important information that revolves around the 20% certificates of the National Bank of Egypt, and how they are purchased in the easiest way.
