2023-06-28 19:11:00
Citizens are constantly looking for a new savings certificate with a high return, because savings certificates are the most common savings vessel in the banks of the banking sector, as the banking sector recently witnessed the issuance of a group of high-return certificates, and we monitor in the following lines the highest savings certificates in 4 banks.
Bank certificates
Ahli Bank
The National Bank of Egypt offers the Platinum Certificate, and its duration is 3 years, and the minimum purchase is 1000 pounds and its multiples, and the return type is fixed throughout the certificate period, and the return is 19% per month, and the National Bank also provides the Platinum Certificate, whose return is gradual, and the period is also 3 years and the minimum One thousand pounds for purchase and its multiples, and the return is 22% in the first year, 18% in the second year, and 16% in the third year.
Egypt Bank
Banque Misr provides the same certificates of the National Bank of Egypt, but with different names. The first one with a fixed return is called “Al-Qimma”, and the second one is “Ibn Misr” graduated.
Industrial Development Bank
The Industrial Development Bank is distinguished by presenting a certificate with a prepaid return, called “Your Choice”, as it is 39.14%, and the minimum purchase is 50,000 pounds for the first time, and then increasing it by multiples of 5,000 pounds without a maximum.
Housing & Development Bank
Also among the highest certificates in government banks is the Housing and Development Bank, which provides the triple certificate for a period of 3 years, and the return is fixed during the certificate period, whether 18.5% per month or 20% annually, and the minimum purchase is 100 thousand pounds.
Savings certificates
Why did the National Bank of Egypt and Egypt offer savings certificates with an interest rate of up to 25%?
Hany Genena, an economist and lecturer at the American University, said that the National Bank of Egypt and the National Bank of Egypt offered certificates with a high return of up to 25%, aiming to encourage citizens to give up the dollar.
He added that issuing these certificates also aims to compensate savers for inflation rates that are expected to rise further during the next three months, in addition to the fact that the deadlines for savings certificates with a return of 18% are nearing completion, and therefore these certificates aim to renew these savings with a higher interest.
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