Day 7 reviews the mapping of new interest-bearing bonds in three banks, following yesterday’s decision by the Monetary Policy Committee in its extraordinary meeting to raise interest rates on sight deposits and loans and the price of the main deal by 200 of the Central Bank basis points, to reach respectively 13.25%, 14.25% and 13.75%.
New map of savings coupons
Banque Misr today raised the interest rate for the issuance of the top certificate for a period of 3 years, with an annual yield of 17.25%, and the yield is paid annually, from today only for new certificates or automatically renewed and the bank issued the certificate at a rate of 16.25% per annum on a quarterly return period.
Certificates can be purchased at any of the bank’s branches, which have more than 800 branches and banking units scattered throughout the Republic, or through the mobile application of BM Online banking, and ATMs, which have more than 4,000 machines.
Banque Misr is always eager to satisfy clients, satisfy their banking desires and needs and work on the permanent development of its existing savings vessels and the development of all that is new and commensurate with these needs.
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The National Bank of Egypt has also decided to issue a platinum certificate for a period of 3 years, with an annual yield of 17.25%, and the yield is paid annually for new or automatically renewed certificates.
The bank also issued the same certificate at the rate of 16.25% per annum on a quarterly return period and at the rate of 16.50% per annum on a six-monthly period.
La Banque du Caire also issued a “Primo Gold” savings certificate with a duration of 3 years, with a yield of 17.25% per annum, and the same certificate with a yield of 16%, to be paid monthly, and 16, 25% for the periodicity of disbursement of the quarterly declaration.
This step is part of the bank’s continued willingness to meet the needs of all customer segments and motivate depositors to maintain the purchase value of their savings, as well as stimulate the savings value of the Egyptian pound by providing the best possible competitive yield that works to maximize the value of savings in the Egyptian pound.
