2023-06-18 09:07:10
A large segment of citizens are wondering regarding the new savings certificates with high returns, which are offered by banks during this period, especially those that were offered by the National Bank of Egypt, which announced that this certificate is the best in return compared to the rest of the certificates, especially because it is For one year only, it is known as the “B” investment certificate and can be obtained from any branch of the National Bank nationwide.
Investment Certificate (B) in the National Bank
The National Bank of Egypt website said that the new certificate has been introduced and made available for purchase with amounts starting from 500 pounds and up to its multiples, and this means that these certificates achieve a fixed return on a monthly basis, which can be spent through ATMs, and amounts to regarding 11% on the certificate.
According to the site, the controls for purchasing that certificate are as follows:
- Certificates are issued to Egyptian and foreign natural persons.
- It is permissible to borrow with the guarantee of these certificates.
- The certificate shall be returned at the end of the period for its full nominal value.
- The certificate can also be retrieved following six months have passed from the working date following the day of purchase.
Advantages of the investment certificate in the National Bank
Some media reports have monitored the most prominent advantages of this new certificate, which is available through the branches of the National Bank, starting from 500 pounds, and it came as follows:
- The citizen can cash the return through branches or through ATMs.
- The validity of the certificate is for one year starting from the business day following the date of purchase and is automatically renewed.
- The certificates generate a monthly return at a fixed rate.
It is worth noting that there are several banks that have announced savings certificates with distinct returns other than Al Ahli Bank, including Qatar National Bank Al Ahli and Al Ahli United Bank.
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