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With a fixed return of 16% .. Learn the best interest rates for National Bank of Egypt certificates

Many banks compete to attract customer savings by providing the best interest rates on savings certificates, deposits and savings accounts, with interest rates consistent with what the Egyptian Central Bank approves, and interest rates differ from one bank to another according to its policy.

The savings certificates submitted by the National Bank are the safe haven for many citizens, due to the high return they have, guarantees and other features. Egypt Five reviews the best interest rates for savings certificates provided by the National Bank of Egypt, and they are as follows:

1- Egyptians safety certificate with a high return of 16%.

Certificate terms and conditions

  • Duration of the certificate is 3 years, it can be renewed automatically for two sessions only.
  • The certificate can be purchased starting from the category of 500 Egyptian pounds and its multiples, with a maximum limit of 2500 Egyptian pounds.
  • The certificate gives the advantage of issuing a life insurance policy without a medical examination.
  • The return is spent 16% at the end of the certificate period (3 years), after deducting the insurance premiums from the return.
  • It is not required to open an account with the bank.
  • The certificate gives a fixed return over the life of the certificate.
  • The value of the certificate is fully refunded + the return is at the end of its term, and the value of the certificate can be redeemed at any time, but only at the purchase price (the value at which the certificate was purchased).

2- The second highest return on group certificates B, divided into two types:

  • The first type Group B certificates with a yield of 13%

Certificate Features and Conditions

  • The duration of the certificate is only one year.
  • The value of the certificate is 500 Egyptian pounds and its complications.
  • It can only be redeemed after 6 months have passed since its purchase.
  • The second type: Group B certificates with a return of 12%

Certificate Features and Conditions

  • The duration of the certificate is 3 years and it is renewed automatically.
  • The value of the certificate is 500 Egyptian pounds and its complications.
  • It can be redeemed after 6 months of its purchase, and the return can be exchanged through the ATM at any time.
  • A loan can be requested with a certificate guarantee.

3- Platinum certificate with a return of 12.50% (variable return .. according to the central bank’s deposit rate)

Certificate Features and Conditions

  • Duration of the certificate is 3 years.
  • The value of the certificate is 1000 Egyptian pounds.
  • This certificate can be purchased for natural adults and minors.
  • It cannot be redeemed until 6 months after its purchase, and credit cards can be issued to it.
  • A loan can be requested with a certificate guarantee.
  • The return is spent every 3 months.

4- Platinum certificate with a return every 3 months (with a fixed return 12.25%)

Certificate Features and Conditions

  • Duration of the certificate is 3 years.
  • The value of the certificate is 1000 Egyptian pounds.
  • The return is spent every 3 months.
  • A loan can be requested with a certificate guarantee.

5- Platinum Certificate with a monthly return (12% return)

Certificate Features and Conditions

  • The duration of the certificate is 3 years and it is renewed automatically
  • The value of the certificate is 1000 Egyptian pounds and its complications.
  • The return is spent every month.
  • A loan can be requested with a certificate guarantee.
  • A credit card is issued with the guarantee of the certificate.
  • It can only be redeemed after 6 months have passed since its purchase.

6- Five-year certificate with a monthly return “with a fixed return, the length of the certificate is 11%”

Certificate Features and Conditions

  • Certificate duration is 5 years.
  • The value of the certificate is 1000 Egyptian pounds and its complications.
  • The return is spent every month.
  • A loan can be requested with a certificate guarantee.
  • A credit card is issued with the guarantee of the certificate.

On January 16, 2020, the Central Bank of Egypt decided to fix interest rates on deposits and lending operations as well, through the most recent meeting of the bank’s monetary policy committee.

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