I wrote – Manal Al-Masry:
Bankers said that banks will not adjust the return on savings certificates, and the certificates will be offered with the same return because they are not subject to the mandatory cash reserve ratio following what the Central Bank raised last Thursday.
The Central Bank of Egypt decided to raise the mandatory cash reserve ratio of deposits on banks to 18% instead of 14%, which accompanied its decision to fix interest rates for the third time in a row during the Monetary Policy Committee meeting last Thursday at 11.25% for deposit and 12.25% for lending.
The mandatory reserve is a percentage of the total deposits of customers with banks in local currency that is less than 3 years, which the Central Bank requires banks to deposit with it without receiving a return for the deposit.
Masrawy presents the interest rates on the highest-yielding triple certificates in 23 banks with the first working day in banks following the decision to increase the mandatory cash reserve ratio on banks.
Nasser Social Bank
Triple Certificate: The interest rate is 15%, the return is paid annually, or 14.25% is paid quarterly, or 14% is paid monthly, and its purchase starts from the first thousand pounds as a minimum.
Triple Certificate (Give Back) for the elderly only: at a return rate of 15.25%, the return is paid annually, or 14.5% is paid quarterly, or 14.25% is paid monthly, and its purchase starts from the first thousand pounds as a minimum.
National Bank of Egypt
The platinum certificate is for a period of 3 years for a fixed return: the interest rate is 14% annually, and the return is paid monthly, and its purchase starts from the first thousand pounds as a minimum.
Egypt Bank
The Summit Certificate is for 3 years for a fixed return: the interest rate is 14% annually, the return is paid monthly, and its purchase starts from the first thousand pounds as a minimum.
Al Baraka Bank of Egypt
A savings certificate with a variable return for a period of 3 years: a variable return according to the results of the business, and the return is not less than 14% annually with a monthly disbursement, and it is purchased from the first thousand pounds.
Arab African International Bank
The Triple Certificate Emerald: The interest rate ranges between 13.75% annually and the return is paid monthly, 14% annually, the return is paid quarterly, 14.125% is paid semi-annually, and 14.25% is paid annually, and its purchase starts from the first 5,000 pounds as a minimum.
Housing & Development Bank:
3-year certificate: with interest ranging between 13.5% annually for the monthly return period, and 13.75% annually for the quarterly return period, and its purchase starts from the first thousand pounds as a minimum.
Royal Certificate: At an interest rate of 14.25%, paid annually, provided that the minimum purchase amount is not less than one million pounds.
Al Ahli Bank of Kuwait
3-year certificate: with an interest of 13.5% annually and a monthly periodicity to pay the return, and its purchase starts from the first thousand pounds as a minimum.
Triple certificate purchase starts from one million pounds: the interest rate is 14% and is paid monthly.
Egyptian Export Development Bank
He sells a triple savings certificate with an interest of 14% per annum, which is paid annually, and its purchase starts from the first thousand pounds as a minimum.
Commercial International Bank CIB
Triple Certificate: An interest is offered at 13.5% annually, and the return is paid monthly with a fixed return, provided that the minimum purchase of the certificate is not less than 100,000 pounds.
4-year certificate: offers an interest rate of 14% annually, provided that the minimum purchase of the certificate is not less than 100,000 pounds.
Attijariwafa Bank of Egypt
Triple Certificate of Fixed Return: The interest rate ranges from 13.5% annually for the monthly return periodicity, 13.7% annually for the quarterly return periodicity, 13.8% annually for the annual return, and 14% annually to be disbursed at the end of the certificate period.
And start buying it from the first 20 thousand pounds as a minimum.
SAIB Bank
The triple certificate (the saver): He sells a certificate with an interest of 13.5% annually, and the return is paid monthly, and it is purchased from the first 5,000 pounds.
The Triple Certificate (Excellent): with a return of 14% annually for the monthly return periodicity, but its purchase starts from the first million pounds as a minimum.
Abu Dhabi Commercial Bank Egypt
“My Money” triple certificate: the interest rate ranges between 13.5% annually for the monthly return periodicity, 13.6% annually for the quarterly return periodicity, and 13.75% annually for the semi-annual return periodic, and its purchase starts from the first 5,000 pounds.
Triple Certificate (Excellence): The interest rate is 14% annually and the return is paid monthly, provided that the minimum purchase amount is not less than 250 thousand pounds.
QNB Al Ahli Bank
3-year certificate: with interest ranging between 13.5% annually for the monthly return periodicity, and 13.75% annually for the quarterly return periodicity, and its purchase starts from the first thousand pounds as a minimum.
HSBC Bank
3-year certificate: with an interest of 13% annually, with a monthly periodicity to pay the return, and its purchase starts from the first 5,000 pounds as a minimum.
Mashreq Bank
Triple Certificate: The interest rate is 13.5% annually and the return is paid monthly.
Cairo Bank
Primo Extra Certificate: The interest rate ranges between 13.25% annually with a monthly exchange rate for the return, and 13.5% annually with a quarterly exchange period, and its purchase starts from the first 5,000 pounds as a minimum.
Egyptian Gulf Bank
It offers a triple certificate (Premium) for a fixed return: the interest rate is 13.5% annually and the return is paid monthly, and its purchase starts from the first 50 thousand pounds as a minimum.
National bank of Kuwait
Triple Certificate of Fixed Return: The interest rate is 13.5% annually, and the return is paid on a monthly basis, provided that the purchase limits are not less than half a million pounds.
Arab Bank
Triple Certificate of Fixed Return: The interest rate is 13% annually, the return is paid daily, and its purchase starts from the first 10,000 pounds as a minimum.
First Abu Dhabi Bank
Triple Certificate: The interest rate ranges between 13% annually for the monthly interest-disbursement periodicity, 13.20% annually for the quarterly interest-disbursement periodicity, 13.30% for the semi-annual interest-disbursement periodicity, and 13.35% annually for the annual return-disbursement periodic.
Emirates NBD Bank
Triple Certificate of Fixed Return: The interest rate is 13% annually, and the return is paid on a monthly basis, and the interest is not raised on it like other competing banks.
Bank of Alexandria
Triple savings certificate: the interest rate ranges from 12.5% annually, the return is paid monthly, and 12.75% annually, the return is paid on a quarterly basis, and its purchase starts from the first thousand pounds.
Arab International Bank
Triple Certificate for Fixed Return: The interest rate ranges between 12% annually, the return is paid monthly, 12.25% annually, it is paid quarterly, 12.5% annually, the return is paid semi-annually, and 12.75% is paid annually, and it can be purchased From the first 5 thousand pounds as a minimum.
