I wrote – Manal Al-Masry:
Banks have continued to issue new savings certificates, or to adjust the interest to increase or decrease the return on certificates, since the emergence of the emerging Corona virus crisis.
On Wednesday, the National Investment Bank started issuing a new high-return investment certificate for individuals and legal persons, through all branches of the National Bank.
Savings certificates with fixed returns prevailed, in addition to the increase in sales volume, due to the high demand for customers to purchase them, as a result of the high return provided on them compared to the rest of the savings containers.
Banks also allow the certificate to be broken and redeemed before its expiry date, provided that 6 months have passed since its purchase, according to the instructions for purchasing the certificate signed by the customer.
Masrawy provides the latest update of high interest rates on fixed savings certificates for fixed interest, in the 17 most important banks in the banking system.
1 – The National Bank of Egypt:
Platinum certificate has a general deadline: the interest rate is 15% per annum, which is the highest in Egypt, and the return is spent per month, and the lowest amount to link the certificate is one thousand pounds.
Platinum certificate 3 years: the interest rate is 12% annually for the monthly return, and 12.25% for the quarterly return, and the linkage of the certificate starts from the first thousand pounds.
2- Banque Misr:
Ibn Misr certificate has a general deadline: the interest rate is 15% per annum, the return is spent monthly, and the minimum limit for linking the certificate starts from the first thousand pounds.
3-year savings certificate: the interest rate is 12% per annum, the return is spent per month, and the minimum limit for linking the certificate starts from the first thousand pounds and its multiples.
3- The National Investment Bank:
Investment certificate “B” with a two-year term: the interest rate is 14% annually, the return is spent every 3 months, and the certificate starts to be linked from the first thousand pounds.
Investment certificate “B” has a general deadline: the interest rate is 13% per annum, the return is spent monthly, and the certificate commences from the first thousand pounds.
Investment certificate “B” has 3-year terms: the interest rate is 12.5% per annum, the return is spent every 3 months, and the minimum amount to link the certificate starts from the first thousand pounds.
All investment certificates are issued through the branches of the National Bank of Egypt, as the National Investment Bank does not have any branches.
4- Commercial International Bank:
3-year savings certificate: the interest rate ranges between 12% for the monthly return, and 12.25% for the quarterly return, and the purchase of the certificate starts from the first thousand pounds.
5- Cairo Bank:
Primo certificate has 3-year terms: interest ranges between 12% annually, the return is spent monthly, 12.10% annually, the return is spent quarterly, and 12.25% the revenue is spent each year, and the purchase of the certificate starts from the first thousand pounds.
6- Arab African International Bank:
Emerald certificate with 3-year terms: the interest rate ranges between 12% annually for the monthly return, 12.25% annually for the quarterly return, 12.375% annually for the return annually for the semi-annual return, and 12.5% annually for the annual return, and the purchase of the certificate starts from 5 Thousands of pounds as a minimum.
7- HSBC:
3-year savings certificate: The interest rate is 10.25% annually, the return is spent monthly, and the purchase of the certificate starts from the first thousand pounds as a minimum.
8- Credit Agricole Egypt:
3-year savings certificate: the interest rate ranges between 9.5% annually for the monthly return, 9.75% annually for the quarterly return, and 10% annually for the semi-annual return, and the minimum purchase of the certificate starts from the first 3 thousand pounds.
9- The Housing and Development Bank:
Construction certificate 3 years: the interest rate is 12% annually, the return is spent every 3 months, and the minimum purchase of the certificate starts from the first thousand pounds.
10- National Bank of Kuwait:
3-year savings certificate: the interest rate ranges between 8.5% annually for the monthly return, and 8.75% annually for the quarterly return, and the minimum purchase of the certificate starts from the first 3 thousand pounds.
11- First Abu Dhabi Bank:
3-year savings certificate: the interest rate ranges between 8.25% annually for the monthly return, 8.75% annually for the quarterly return, and 8.95% annually for the annual return, and the minimum purchase of the certificate starts from the first 5 thousand pounds as a minimum.
12- Bank Audi:
3-year savings certificate: the interest rate ranges between 10% annually for the monthly return, 10.10% annually for the quarterly return, 10.25% annually for the semi-annual return, and 10.5% annually for the annual return, and the minimum purchase of the certificate starts from the first 10 thousand pounds .
13- The Attijariwafa Bank Egypt:
Savings certificate 3 years: the interest ranges between 10.75% annually for the monthly return, 11% for the quarterly return, and 11.25% annually for the end of the period, and the minimum purchase of the certificate starts from 20 thousand pounds.
Certificate 3 years for the return paid in advance: the interest rate is 24.75%, the customer gets its return after linking the certificate and the minimum rate for linking it starts is 5 thousand pounds.
14-Med Bank of “Egypt Iran” previously:
3-year savings certificate: the interest rate ranges between 11%, the interest is paid every month, 11.5% is spent quarterly, and 12% is spent annually.
15 – Bank of Alexandria:
Alex Star certificate has 3 years terms: the interest ranges between 10% annually, the return is spent every month, and 10.25% annually, the revenue is spent every quarter, and the minimum purchase of the certificate starts from the first thousand pounds, or 5 thousand pounds.
16 – Agricultural Bank:
The harvest certificate has 3-year terms: the interest is recorded 12% annually, the yield is spent every quarter, and the purchase of the certificate begins from the first thousand pounds.
17-EJ Bank:
It presents a 3-year deadline certificate: the interest ranges between 9% annually for the monthly return, 9.25% annually for the quarterly return, 9.5% annually for the semi-annual return, and 10% for the annual return, and the minimum purchase of the certificate starts with one thousand pounds.
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