09:00 PM
Wednesday 25 May 2022
I wrote – Manal Al-Masry:
The National Bank of Egypt continues to sell a certificate with a return of 18% for a year, following the Central Bank’s decision to raise interest rates by 2% at its last meeting, according to Hisham Okasha, Chairman of the Board of Directors of the National Bank of Egypt, to “Masrawy” earlier, who confirmed that it will not take place. raise their return.
The National Bank of Egypt offers 9 certificates for various periods of its savings certificates, under the name of platinum or investment.
Masrawy provides details of the interest rate on all certificates offered at the National Bank of Egypt, whether platinum or investment:
First- Platinum Certificates:
The platinum certificate has a one-year term for a fixed return: the interest rate is 18% annually, and the return is paid monthly, and it is the highest among the certificates.
The platinum certificate has a term of 3 years for a fixed return: the interest rate is 11% annually, and the return is paid monthly.
The platinum certificate has a term of 5 years for a fixed return: the interest rate is 10.25% annually, and the return is paid monthly.
The platinum certificate has 3-year terms for the variable return: the interest rate is 11.5%, and the return is paid monthly, and its return is subject to fluctuation, declining and rising, according to the return with the Central Bank.
Second – investment certificates:
Investment certificate (A) for 10 years: the interest rate is 9.5% annually, and the return is paid cumulatively, i.e. at the end of the certificate’s terms.
One year investment certificate: the interest rate is 6% annually, and the return is paid monthly.
Investment certificate (b) for a period of two years for a fixed return: the interest rate is 6.5% annually, and the return is paid quarterly.
Investment certificate (B) for 3 years: the interest rate is 9% annually, and the return is paid quarterly.
– Investment certificate (C) The period of the certificate is 20 years: the interest rate is (zero) and it does not offer any final return in return for entering into a prize draw from 10 thousand pounds to 50 thousand pounds.
It can also be redeemed at the full nominal value following six months have passed from the working day following the date of purchasing the certificate from any of the bank’s branches because there is no return on it.
