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Many Egyptian citizens, who have savings, are waiting for the Monetary Policy Committee meeting at the Central Bank of Egypt, to be held on February 4, to review interest rates on deposits and lending, according to what is published on the website To the central bank.
Review interest rates in Egyptian banks
Both bank clients or future clients are interested in the aforementioned meeting regarding reviewing interest rates on Savings certificates In particular, as the rate hike is supposed to give certificate holders a greater return on their savings in banks.
In the following report, we review various types of savings certificates that citizens can choose from them:
First: The National Bank of Egypt
Poses Ahli Bank 3 various certificates:
1- Certificate (Platinum)
Come Platinum Certificate At an interest rate of 11% per annum for the monthly return, the interest is fixed. The minimum purchase amount for the certificate is 1,000 pennies, for a period of 3 years. To inquire, press HERE
2- Variable Return Platinum Certificate:
The interest rate for the certificate is 8.5% quarterly, and the minimum purchase price for the certificate is 1000 pounds, over a period of 3 years.
3- The five-year certificate with a monthly return:
According to the National Bank of Egypt website, the interest rate for the five-year certificate with a monthly return is 10.25% for the monthly return, and the minimum purchase is EGP 1000, for a period of 5 years
Second: Banque du Caire
4- Certificate of Primo
Banque du Caire offers the Primo Certificate, with a minimum of 1000 pounds, 11.25% interest, and the interest is paid monthly. To inquire, press HERE
Third: Banque Misr
5- Summit Certificate
Banque Misr offers the “top” certificate at an interest rate of 11% annually, noting that the certificate has a fixed rate of return throughout the period of the certificate, paid monthly, the minimum certificate is 1000 pounds, and the duration of the certificate is three years. The value of the certificate or part of it can also be recovered according to the certificate’s redemption rules.
Also, it is possible to borrow with the guarantee of the certificate .. To inquire, press HERE
Fourth: The Egyptian Export Development Bank
Export Development Bank of Egypt issues many savings coffers in local currency and US dollars. Customers of the bank can also buy savings certificates with a fixed or variable periodic return or with a cumulative return at the best prices available in the market.
6- Triple certificates with fixed returns in Egyptian pounds
Export Development Bank of Egypt issues, to natural and legal persons, a savings certificate, a rate of 11% for the periodical exchange of the return monthly, and 11.25% for the periodic payment of the quarterly return, the period of the certificate is 3 years.
According to the bank’s website, the variation in the periodicity of the return exchange (monthly / quarterly / semi-annual / annual) is added to the current or savings account. Certificates are valid for 10 years with fixed returns in Egyptian pounds. To inquire, press HERE