The National Bank of Egypt Allows Saving Certificates With Returns Up to 19.5%

The National Bank of Egypt provides the Egyption citizens with many savings certificates in local currency, the amount of the return varies according to each certificate. The new certificates that the national bank exports them are “Platinum” and the Egyptian Safety Certificate, in light of the fact that many Egyptian banks provide other savings certificates.

In the following lines, Joyzine reviews the details of savings certificates from the National Bank of Egypt, which are as follows:

The Platinum certification details

The National Bank of Egypt offers a savings certificate called “Platinum” with a duration of up to 3 years, while the minimum limit for the certificate is 1,000 pounds and its multiples. The return on the certificate also reaches 19% per month and is fixed throughout the duration of the certificate, given that it cannot be redeemed before 6 months have passed. From the business day following the day of purchase.

The bank also provides another platinum savings certificate with a graduated return, with a minimum purchase amount of 1,000 pounds and its multiples, and a period of up to 3 years. As for the return rate, it reaches 22% in the first year, 18% in the second year, and 16% in the third year, and the return is disbursed monthly throughout. Duration of the certificate. It is possible to borrow against the guarantee of these certificates from any of the bank’s branches, in accordance with the applicable instructions.

While the National Bank of Egypt offers the platinum certificate with a variable return, the minimum purchase amount starts at 1,000 pounds, the return rate reaches 19.5% quarterly, and the return begins to be calculated from the working day following the day of purchase.

The bank offers a five-year certificate with a monthly return, the return of which reaches 12.25%, and is disbursed on a fixed monthly basis throughout the duration of the certificate, given that the customer cannot redeem the value of the certificate before 6 months have passed from the date of its validity.

Egyptian safety certificate

The National Bank of Egypt also announced the details of the Egyptian Security Certificate, which can be purchased for 500 for a period of up to 3 years. The return rate is 13%, while the certificate is redeemed for its full value at the end of the period and can be redeemed at any time from the date of purchase, according to the customer’s desire for the value. For which the certificate was purchased.