The National Bank and Banque Misr decided to increase interest rates on deposit certificates for all banks, in line with economists, analysts and investment banks, Dr. explained. Abdel Rahman Shaaban, an economist, said that this comes within the procedures of raising interest rates on deposit certificates. At the present time, interest in bank certificates and investment certificates is increasing following the meeting of the Monetary Policy Committee, and we provide you with all information regarding the certificates of the National Bank of Egypt with a return of up to 30%. After the recent central bank meeting that provides a high and large return announced by a central bank.
Certificates of the National Bank of Egypt, with a return of up to 30%, following the last Central Bank meeting
The 18% savings gifts that were provided by the National Bank of Egypt will expire in March of 2022, so operating banks in Egypt are working to launch new certificates that have a greater annual and monthly return, due to the high rates of inflation and interest on a global scale. The Central Bank held a recent meeting and announced the issuance of certificates with a return of up to 30% so far. These certificates were not announced in the Egyptian newspapers within a few hours.
Certificates with a return of up to 30%
Conditions for submitting Banque Misr and Al-Ahly certificates
- The certificate for savings is issued either by the National Bank or Banque Misr to Egyptian citizens from 18 to 59 years of age.
- The term of savings certificates in banks is three years, and a savings certificate is issued at a value of 500 pounds, which is multiplied by a maximum of 2,500 pounds in all participating banks in the Arab Republic of Egypt.
- The return is disbursed through the customer’s current account.
- All costs are covered by guarantees.
- During the process of purchasing the certificate, it is not permissible to obtain a loan once morest the security of these certificates.
- Alternatively, the customer can obtain a loan once morest the guarantee of certificates from the National Bank or New Misr Bank at an interest rate of 25%, as well as issuance of all types of credit cards.