2023-08-14 18:09:50
Most banking banks offer many savings certificates to attract customers and motivate them to invest in local banking. Banque Misr is one of these banks as it offers an investment certificate for a full 3 years. However, the certificate or deposit, which has terms for one year only, is still one of the services that Banque Misr provides to all its existing and new customers.
Investment certificates in Banque Misr
Investment products are preferred by many, and the demand for these certificates has increased recently. The bank offers these certificates to millions of its customers, and therefore this report will show the value of the new return that customers will receive when placing their money in a Banque Misr certificate for a period of one year only.
The interest on the Banque Misr deposit for the year 2023
It reaches 6.3% and starts from 500 pounds only and increases gradually until it reaches 6.5% if the deposit is more than one million pounds. As for a deposit of more than one year and up to 3 years, a return of 8.12% is provided, and it starts from 500 pounds and reaches one million pounds.
Paying interest on deposits at the end of their validity period
This is in all Banque Misr branches. Customers wishing to purchase certificates and deposits from Banque Misr can go to the nearest branch of the bank, and this does not require any conditions or official papers. Deposits can be refunded at any time before the expiry of the specified period, with a penalty for early redemptions if this is done.
Advantages of Banque Misr investment certificate
One of the important advantages of Banque Misr investment certificates is security, as your money and savings are considered safe thanks to the full guarantee provided by the Central Bank. Certificates can also be refunded at any time before the expiry of the specified period. There is also flexibility in purchasing certificates, as they can be purchased for a financial value starting from 500 pounds only.
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