2023-05-11 09:05:00
12:05 PM
Thursday, May 11, 2023
I wrote-Manal Al-Masry:
The pace of competition between banks to issue high-yield certificates subsided following the Commercial International Bank (CIB), the largest private sector bank at the level of the banking system, lowered the interest rate on its certificates, bringing the interest rate of the highest certificate to less than 20%.
At the beginning of this week, the Commercial International Bank (CIB) reduced the interest rate on all three fixed-income certificates by a rate ranging between 1% and 2%, while re-introducing the Wealth certificate once more, but at a lower interest rate than the previous one, regarding a month following its increase on April 6. .
10 banks are competing to offer triple certificates with high interest on the Egyptian pound for fixed and gradual return, with the aim of promoting investment in the Egyptian pound.
Commercial International Bank
The triple certificate of fixed return (Premium): The interest rate is 18% annually, and the return is paid monthly.
The minimum purchase is 2 million pounds, then multiples of 1,000 pounds.
The triple certificate (Plus) for fixed return: the interest rate is 17.5%, and the return is paid monthly.
The minimum purchase is 500,000 pounds and multiples of 1,000 pounds.
– Triple Certificate (Prime): The interest rate is 17%, and the return is paid monthly.
The minimum purchase price for the certificate is 50,000 pounds and multiples of 1,000 pounds.
– Wealth certificate for 3 years: an annual interest rate of 19%, the return is paid monthly.
The minimum purchase is 5 million pounds, then multiples of 1,000 pounds.
National Bank of Egypt
– The (Platinum) certificate for fixed return for a period of 3 years: at an annual interest rate of 19%, paid monthly, and the minimum purchase price starts from the first thousand pounds and its multiples.
– The (Platinum) certificate for a period of 3 years with a gradual (decreasing) return: the annual interest rate ranges from 22% in the first year, 18% for the second year, and 16% for the third year, and the return is paid monthly, and the minimum purchase price starts from the first thousand pounds and its multiples.
Egypt Bank
– Al-Qimma certificate for a period of 3 years (for fixed return): at an annual interest rate of 19%, paid monthly.
The minimum purchase price starts from the first thousand pounds and its multiples.
– Certificate (Ibn Masr 2) for 3 years with a gradual (decreasing) return: the annual interest rate on it ranges from 22% in the first year, 18% for the second year, and 16% for the third year, and the return is paid monthly.
The minimum purchase price starts from the first thousand pounds and its multiples.
Cairo Bank
– (Primo Gold) certificate for 3 years: an annual interest rate of 19%, the return is paid monthly.
The minimum purchase price starts from the first 10,000 pounds, then multiples of 1,000 pounds.
– (Primo Gold) certificate for a period of 3 years with a gradual (decreasing) return: the annual interest rate ranges from 22% in the first year, 18% for the second year, and 16% for the third year, and the return is paid monthly.
The minimum purchase price starts from the first 10,000 pounds, then multiples of 1,000 pounds.
QNB ALAHLI Bank
– QNB ALAHLI certificate offered under the name (Awael): 19% interest rate, the return is paid monthly, 19.10% is paid quarterly, and 19.25% is paid annually.
Purchase starts from the first 10,000 pounds, and multiples of 1,000 pounds.
Arab African International Bank
– Triple certificate: an annual interest rate of 17.25%, paid monthly, 17.5% paid quarterly, and 18.75% paid annually.
The minimum purchase starts from the first 5 thousand pounds as a minimum.
Egyptian Agricultural Bank
– The triple “Al-Khair” certificate: an annual interest rate of 19%, the return is paid monthly, and 19.5% is paid semi-annually.
Buying starts from the first thousand pounds.
HSBC Bank Egypt
– Triple certificate: an annual interest rate of 17.25%, and the return is paid monthly.
Selling the certificate starts from the first 10,000 pounds as a minimum, and in multiples of 1,000 pounds.
Emirates NBD Bank Egypt
– Triple certificate of savings: an annual interest rate of 18%, the return is paid monthly, 18.25%, the return is paid quarterly, and 18.5% on an annual return exchange period.
The minimum purchase price is EGP 350,000, then multiples of EGP 1,000.
Egyptian Gulf Bank (EGBank)
– A certificate with a 3-year term for a fixed return: at an annual interest rate of 19%, and the return is paid monthly.
1683803334
#reducing #large #bank #highest #interest #rate #banks
