The 9 best banks to create certificates with a distinctive return of up to 18% Banque Misr raised the interest rate on all savings certificates by 3 or 5 years to 1%. This is an annual return of 10.5% per month, declared monthly stable certificate, the 3-year rate of return is about 14%, which is called peak certificate.
Nasser Bank Certificate
Nasser Social Bank offers the highest 3-year savings certificate in the Egyptian market with 15% annual return, 14.25% quarterly return and 14% monthly return.
The value of the certificate starts from EGP 1,000 and its multiples, with profits from the day after deposit and can also be redeemed after 6 months from the date of issue.
National Bank Certificate
The National Bank of Egypt offers triple certificates at a fixed interest rate of 14% paid monthly provided that the minimum certificate is 1000 Egyptian pounds and its multiples The vouchers allow the customer to borrow on a guaranteed basis from any branch of the bank according to valid instructions and issue different credit cards secured with these vouchers and return the purchase date from Next business day.
Arab African Bank Certificate
The Arab African Bank offers triple emerald saving certificates at a monthly rate of 13.75%, a quarterly rate of 14%, a semi-annual rate of 14.125%, an annual rate of 14.25%, a cumulative rate of return of 33%.
Al Ahli Bank of Kuwait Certificate
Al Ahli Bank of Kuwait – Egypt introduces a new triple savings certificate with a fixed return of up to 13.5% p.a. in EGP, with interest paid on a monthly repayment cycle.
Al Ahli Bank of Kuwait Certificate allows to secure borrowing with a certificate of up to 95% and can also be linked to a simple minimum of 1000 EGP to suit all social groups.
Triple Certification (Premium) from CIB
The International Business Bank (CIB) offers a 3-year Triple Savings Certificate (Premium) with a minimum purchase of EGP 100,000 and multiples of EGP 1,000.
3-year fixed triple certificate (premium) yield is calculated per month at 13.5% interest
Al Baraka Bank Certificate
Al Baraka Bank – Egypt offers a certificate for three years with a variable monthly return rate of at least 14% and a minimum deposit starting from 1,000 EGP and its multiples.
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The new certification is designed to provide customers with competitive banking products to encourage all customers to start planning and stabilizing.
Housing and Development Bank Certificate
The China Construction Bank provides triple certificates of no less than 1000 Egyptian pounds and their multiples, because the bank only provides gold certificates for individuals, with a monthly return of 13.5% and a half-year return of 13.75%
The bank also offers a 3-year ownership certificate with a minimum of EGP 1 million, a multiple of 100,000, an interest rate of 14.25% and an annual return.
Banque Misr Summit Savings Certificate up to 14%
- This certificate is given to natural persons only.
- The duration of this certificate is 3 years only.
- Certificates are earned up to EGP 1,000 and can be multiplied at a fixed rate over the life of the certificate, and this rate is paid monthly.
- After 6 months from the date of issuance of the certificate, people can redeem the value of the certificate or at least part of it according to the specific rules of the certificate.
- People can get loans through this certificate.
Five-year savings certificate at a fixed price
Information on five-year fixed-rate savings certificates from Banque Misr.
- This certificate is issued to natural persons only.
- The term of this certificate is 5 years.
- The maximum limit for obtaining the certificate is 1200 EGP and it can be multiplied at a fixed rate of up to 1000 EGP for the entire duration of the certificate, and this rate is paid monthly or annually.
- After 6 months from the date of issuance of the certificate, people can redeem the value of the certificate or at least part of it according to the specific rules of the certificate.
Triple certificate with variable monthly returns in Banque Misr
- Only natural persons can obtain this certificate.
- The duration of this certificate is 3 years only.
- The maximum limit for obtaining this certificate is 500 EGP and it can be multiplied at a fixed rate of return for the duration of the certificate, and this rate is paid monthly.
- After 6 months from the date the certificate was issued, people can redeem the certificate, or at least partially redeem the certificate according to the specific rules of the certificate.
- People can get loans through this certificate.
A certificate of choice with a cumulative return
- Only natural persons can obtain this certificate.
- The duration of this certificate is 5 or 10 years.
- A person can borrow with this certificate.
- The maximum limit for obtaining the certificate is 1000 Egyptian pounds, and it can be doubled.
Certificates with an interest rate of 18% or 20%
Financial expert Dr. Mustafa Badra said it is safe to say that with inflation rising to 15.6%, banks may again resort to offering certificates of 18% and 20% returns, especially since the gap between returns and inflation is now negative, which requires evidence. of high interest rates.
The financial expert added that the rise in interest rates strengthened the Egyptian pound against the dollar and foreign currencies, and also led to attracting liquidity from the market, which allowed the country to combat inflation and reduce excess demand by reducing market liquidity.
Total non-central bank deposits amounted to 7.08 trillion pounds at the end of April of last year, compared to about 6.9 trillion pounds at the end of March, an increase of more than 108 billion pounds in a month, according to the Central Bank. Egypt.