Home » News » National Bank of Egypt and Bank of Egypt offer a certificate of savings with a monthly return of 15%, the highest in Egypt. “Details”

National Bank of Egypt and Bank of Egypt offer a certificate of savings with a monthly return of 15%, the highest in Egypt. “Details”

Today, the deputy head of the National Bank of Egypt, Yahya Abu El Fotouh, confirmed that a new savings certificate will be issued with a monthly return which is the highest in Egypt, reaching 15%, provided that the duration of the certificate is one year and the return is spent on a monthly basis, which makes this certificate is the highest return in the market The Egyptian, especially after the Central Bank’s decision on Monday to issue a package of measures, the most important of which was to reduce the interest rate by 3%, in order to protect Egypt’s economy from the effects and repercussions of the spread of the Corona virus in the world.

National Bank of Egypt and Bank of Egypt offer a certificate with a monthly return of 15%

In a related context, Deputy Chairman of the Board of Directors of Banque Misr “Akef Al-Maghrabi” said in press statements today that the bank will also offer a savings certificate with the same return that Al-Ahly offered, which amounts to 15%, for a period of one year, and that this certificate will be released next Sunday. The Central Bank Policy Committee has taken several exceptional decisions to protect the economy from any future expectations of inflation, taking into account the achievement of the previously targeted rate of inflation of 9%.

The National Bank of Egypt and Banque Misr offer a savings certificate with a monthly return of 15%, the highest in Egypt

The National Bank of Egypt had taken a decision not to change the interest rate after the Central Bank’s decision to reduce it by 3%, with regard to the savings certificate for a period of 5 or 3 years, and the National Liabilities and Assets Committee at its meeting last Tuesday decided to fix the interest rate at 12% monthly And 12.5% ​​for the quarterly period, and the bank provides subscription for the certificate with a minimum of 1,000 pounds for a period of three years, and it cannot be recovered six months before the date of purchase, as the government bank also decided to keep the interest rate at 11% with respect to the certificate for a 5-year term .

National Bank of Egypt

The National Bank also took a decision to reduce the interest on the triple certificate with a variable return of about 3% to now reach 9.5%, in line with the Central Bank of Egypt’s decision taken this week to reduce the interest.

The National Bank of Egypt and Banque Misr offer a savings certificate with a monthly return of 15%, the highest in Egypt
The National Bank of Egypt and Banque Misr offer a savings certificate with a monthly return of 15%, the highest in Egypt

The savings certificate that the National Bank of Egypt and Banque Misr will offer with a 15% return is currently the highest in Egypt compared to the current interest rates after the Central Bank’s decision to reduce it by 3%, and its emphasis on not hesitating in any decisions regarding setting interest rates to support the economy in light of the current circumstances The country.

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