Nasser Social Bank continues to sell savings certificates with a regular, regular, monthly, annual or semi-annual fixed return at the highest interest rate at the level of Egyptian banks, to the elderly and pensioners, during the recent period, following Nasser Bank offered two saving certificates with the highest fixed interest rate at the level of banks. Three months ago, at the beginning of last June, one of the two certificates was for the elderly segment, which starts from the age of 60 and over, and the second certificate addresses all customers.
The highest savings certificate for pensioners in banks
As for the interest details provided by Nasser Bank, on two certificates inside, at an interest rate that is the highest at the level of Egyptian banks, the first is the “Give Back” certificate for the elderly, the details of which are as follows:
- Giving back certificate: Offered with interest on a periodic basis for disbursing the monthly return, ranging from 14.25% annually, and for the quarterly return up to 14.5%, and 15.25% annually for the annual return, the minimum purchase starts from one thousand pounds and its multiples, the purchase period is up to three years, as for The age of the customer who can obtain the certificate, it is for customers from the age of 60 years and above, as for those below that, they are not allowed to purchase it.
- The triple certificate for all: provided by Nasser Social Bank and comes with a periodic interest rate for the monthly return, up to 14% annually, and the quarterly return is 14.25% annually, and 15% annually for the annual return. As for the minimum purchase, it starts from a thousand pounds, and the term reaches The certificate is up to 3 years, as for the age of the customer, the certificate is intended for customers from 16 years of age and above, without exception for any segment.
The reason for fixing interest rates in Egyptian banks
It is noteworthy that the Monetary Policy Committee of the Central Bank of Egypt announced the decision to fix interest rates for the second time in a row, during its fifth meeting this year. It stated that its decision is consistent with achieving price stability, and stated that general inflation resumed its upward trend during July 2022, since December 2021, to record 13.6%, which caused an increase in the prices of both basic food commodities and consumer goods.
