2024-01-17 18:13:53
1 hour ago
National Bank certificates
Bank certificates are considered one of the most important investment methods at all in the Arab Republic of Egypt because of their relatively high return compared to all other investment methods, such as a savings account or investment in stocks. Interest rates on bank certificates in the Arab Republic of Egypt have witnessed a significant increase during The recent period, in order to confront high inflation rates.
Therefore, in this article today, we will learn regarding the interest rates on the new National Bank of Egypt certificates, and how to calculate the return on them.
You will receive profits of 28 thousand pounds within one day only from the National Bank
In order to achieve a return of regarding 28 thousand pounds in one day, it is enough to acquire treasury bonds worth 100 thousand pounds with a return of 27.7% for one year. In this case, you will get regarding 27.7 thousand pounds in profits in just 24 hours. This investment features a high return over a short period of time and is an attractive choice for those who aspire to make quick profits.
New interest rates on National Bank of Egypt certificates
The interest rates for National Bank certificates today vary according to the type of certificate, as the bank offers 4 types: the local currency certificate, the savings certificate in foreign currencies, the investment certificate (A, B, C), and the Biladi certificate, where the 3-year platinum certificate stands out with the highest possible interest in The National Bank today, as it provides interest of up to 19% for the monthly return for 3 years, with stability in the return over the certificate period and the possibility of making purchases starting from an amount of one thousand pounds and its multiples.
The 3-year platinum certificate also included a graduated return, as the return rate changes during the duration of the certificate, as the value of the return in the first year reaches 22%, in the second year it reaches 18%, and in the third year it reaches 16%, and it can be purchased starting from From one thousand pounds and even its multiples.
How to calculate the return on National Bank of Egypt certificates
It is easy to calculate the interest of the new certificate at 27% by determining its original value at 100 thousand pounds, as the total annual return can reach an amount of 27 thousand pounds following one year.
After redeeming the certificate, its value returns to the amount of 100 thousand pounds. As for the certificate with a return of 23.5%, its interest can be calculated by determining its value at an amount of 100 thousand pounds, where the citizen can obtain a monthly return amounting to an amount of 1958 pounds, following redeeming the certificate. Its value is 100 thousand pounds.
Factors affecting interest rates on bank certificates
Several factors affect interest rates on bank certificates, the most important of which is inflation rates. The higher the inflation rate, the greater the need to raise interest rates on bank certificates, in order to encourage people to save and confront rising prices.
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