6 types of savings certificates offered by Banque Misr in Egyptian pounds, the details of which differ from one certificate to another in terms of the dates of the certificate, the interest rate, the frequency of paying the returns, and the minimum purchase amount.
Bank of Egypt savings certificates
Despite stopping the certificate with a return of 15% with a monthly return for one year and reducing the interest on certificates, the higher certificate with an annual return of 11% tops the list of customers’ options to invest their savings, due to its high profitability compared to other types of the same bank, and its preference for a safe and stable return.
In addition to interest rates, Banque Misr includes several benefits in its testimony, such as allowing its holder to borrow up to 90% of its total value to obtain a cash loan or buy a car without the need for a salary claim and a wage transfer.
Banque Misr allows the holder of the certificate to break it and withdraw his money at any time as he wishes, provided that 6 months have elapsed since his purchase in accordance with the conditions of the certificate signed by the client with approval.
Banque Misr also offers saving certificates in different currencies in dollars, euros or pounds sterling. However, certificates in Egyptian pounds top the list of requests due to their high profitability.
Types of certificates in Banque Misr in Egyptian pounds, interest rate details and periodic return payment:
1- Summit Certificate for 3 years: A fixed annual interest of 11%, the return is paid monthly, and its purchase starts from the first thousand pounds and its multiples.
2- 5-year savings certificate: It gives a fixed annual return of 9%. The return is paid monthly and its purchase starts from the first 1200 pounds and multiples of one thousand pounds.
3- 5-year savings certificate: A fixed annual return of 9.5% is paid, provided that the return is paid annually, and its purchase starts from the first thousand pounds and multiples of one thousand.
4- 7-year savings certificate: They are sold with an annual interest of 9.75% and the periodic exchange of the monthly return, and their purchase starts from the first 750 pounds.
5- 3-year certification: A variable interest is calculated that is related to the rise and fall or stability of the average interest rates in the central bank, known as the corridor.
6- 3-year certificate: The variable interest is calculated daily, but it is linked to the central bank interest rate known as “Konya”. The interest is paid monthly, but it is calculated daily.
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