After the Central Bank’s decision, we publish the interest rates on the certificates of the National Bank of Egypt

After the Central Bank’s decision, we publish the interest rates on the certificates of the National Bank of Egypt
After the Central Bank’s decision, we publish the interest rates on the certificates of the National Bank of Egypt

The National Bank of Egypt offers saving certificates with a high fixed return with different periods of up to 3 and 5 years.

The triple platinum certificate with a return of 14% is considered one of the most famous certificates of the bank, and the customer can obtain it starting from 1,000 pounds and its multiples, and the calculation of the return starts from the next day of purchasing the certificate.

Clients of Egyptian banks are interested in the decisions of the Monetary Policy Committee of the Central Bank about interest rates This is due to its impact on the interest rates of the savings vessels.

The Monetary Policy Committee of the Central Bank decided to discuss interest rates today, September 22, 2022, to fix the interest rate for the third time in a row.

In the following report, “Amwal Al-Ghad” reviews the details of the National Bank’s savings certificates after the Central Bank’s decision to discuss the interest rate.

Triple Certificate

The National Bank of Egypt offers a triple certificate for a period of 3 years with a fixed return of 14%, to be paid monthly, with a minimum certificate of 1,000 pounds and its multiples.

The certificate allows the customer to borrow with its guarantee from any of the bank’s branches in accordance with the instructions in force, and credit cards of all kinds can be issued with the guarantee of these certificates, and the calculation of the return starts from the working day following the day of purchase.

Also, the certificate cannot be redeemed before the lapse of 6 months from the working day following the day of purchase, but it can be redeemed before the end of the period according to the rules and conditions announced by the bank, and the certificate can be redeemed at the end of its term in full at its face value.

fixed five

They are certificates with a fixed monthly return of up to 12.25%, and a period of 5 years, with a minimum purchase of not less than one thousand pounds. This certificate is characterized by a fixed return type throughout the duration of the certificate, and the calculation of the return starts from the following month of the month of purchase.

It is possible to borrow against the guarantee of these certificates, and it also helps in ensuring the issuance of credit cards of all kinds.

Egyptian security certificate

The Egyptian Security Savings Certificate is characterized by a high return of up to 13% with a term of 3 years, and is issued in denominations of 500 pounds and its multiples, while the maximum amount is 2500 pounds. It is not permissible to borrow against the guarantee of these certificates or issue a credit card of all kinds.

The certificate shall be refunded in full at the end of the period (the face value + the remaining returns after discounting the value of the installments) and it can be redeemed at any time from the date of purchase according to the customer’s desire for the value at which the certificate was purchased.

Aman certificate is characterized by issuing a life insurance policy to the customer, and it can also be purchased through the Fon Cash wallet, and is issued to individuals from 18 years old to 59 years old.

Entities can purchase the certificate for the benefit of the individuals working for it, provided that it cannot be redeemed within a period of 6 years from the date of purchase.

The certificate presents a life insurance policy to the client without a medical examination, and the value of the monthly insurance premium is paid from the proceeds of the certificate.

Compensation is due in the event of the death of the insured, up to a maximum of 50,000 pounds in the case of natural death and 250,000 pounds in accidents. .

In addition, a quarterly drawing of 200 prizes is held, at a net rate of EGP 10,000 for each tax-exempt prize.

The article is in Arabic

Tags: Central Banks decision publish interest rates certificates National Bank Egypt

PREV The rise in gold prices today .. 21 karat jumps 11 pounds, affected by the rise of ounces globally
NEXT Who is Marcel Kohler, the new coach of Al-Ahly?