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I wrote – Manal Al-Masry:
The map of interest rates in Egypt changed after the sudden decision of the National Bank of Egypt yesterday to stop issuing the savings certificate with a return of 15%, which gave it the highest return in Egypt.
Al-Ahly and Egypt are no longer at the top of the list of banks that issue high yield certificates, and the Arab African International Bank and Alexandria are now the leaders, but interest rates at banks may have an adjustment if the central bank changes the interest rate next Thursday.
The banks are awaiting the decision of the central bank next Thursday on the interest rate, until they decide the interest rates of the certificates they deliver in light of the new variables and cancel the 15% certificate.
Fixed Yield Savings Certificates are popular with clients due to their high performance compared to other funds, such as short-term deposits or savings accounts.
Banks prohibit the customer from breaking the certificate until 6 months have passed since he bought it, and the customer can also get a loan guaranteed by the certificate.
Masrawy provides a high yield interest rate map at 19 banks, after the 15% certification has been discontinued.
1- National Bank of Egypt:
3-year Platinum Certificate: the interest rate is 12% per year for the monthly return and 12.25% for the quarterly return.
The certificate starts at the first thousand pounds.
2- Banque Misr:
3-year savings certificate: the interest rate is 12% per year and the return will be paid monthly.
The minimum to link the certificate starts from the first thousand pounds and its multiples.
3- Arab African International Bank:
Emerald certificate with a maturity of 3 years: the interest rate ranges from 12% per year for the monthly return, 12.25% per year for the quarterly return, 12.375% for the semi-annual return and 12.5% per year for the annual profitability.
Certificate purchase starts from 5,000 pounds minimum.
4- Bank of Alexandria:
It offers the Alex 42 certification with terms of three and a half years: the profitability ranges from 12.5% per year for a monthly return to 12.75% per year for a quarterly return.
The minimum purchase amount for the certificate: starts from 10,000 pounds and increases by 1,000 pounds and its multiples, and the certificate can be broken after 6 months of its purchase.
5- Banque du Caire:
The Primo certificate is valid for 3 years: the interest ranges between 12% annually, the return is paid monthly, 12.10% annually, the return is paid quarterly and the return is paid 12.25% every year.
The minimum purchase amount for the certificate: starts from the first thousand pounds.
6- International Commercial Bank (CIB):
Provides a certificate with a 3-year maturity: the interest rate ranges from 11% per year for monthly returns, 11.25% per year for quarterly returns, 11.5% per year for semi-annual returns and 12% per year for annual profitability.
The minimum purchase amount for the certificate is 1,000 pounds and its multiples.
7- HSBC Bank:
A 3-year savings certificate: the interest rate is 12% per year and the return is paid monthly.
The minimum purchase amount for the certificate: starts from the first thousand pounds minimum.
8- Housing and Development Bank:
A 3-year rebuild certificate: the interest rate is 12% per annum and the repayment is paid every 3 months.
The minimum purchase amount for the certificate: starts from the first thousand pounds.
9 – The Egyptian Agricultural Bank:
Harvest certificate with a term of 3 years: an annual interest of 12% is recorded, the return is paid quarterly.
The minimum purchase amount for the certificate: starts from the first thousand pounds.
Bank 10-Mashreq:
Certificate with a 3-year maturity: the interest ranges between 12% for the monthly return, 11.5% for the quarterly return and 11.5% for the semi-annual return.
The minimum purchase amount for the certificate: starts from 5,000 EGP.
11-Attijariwafa bank Egypt:
A 3-year savings certificate: the interest ranges from 10.75% per year for the monthly return, 11% for the quarterly return, and 11.25% per year for the end of the period.
The minimum purchase amount for the certificate: starts from 20 thousand pounds
3-year certificate for prepaid return: the interest rate is 24.75% combined, the customer gets his return after linking the certificate
The minimum purchase amount for the certificate: starts from the first 5,000 pounds.
12-Suez Canal Bank:
Certificate with a 3-year maturity: they range from 11% for monthly profitability, 11.1% for quarterly profitability, 11.25% for semi-annual profitability and 11.5% for annual profitability.
The minimum purchase amount for the certificate: starts from 5,000 EGP.
13-Formerly Med Bank “Misr Iran”:
A 3-year savings certificate: The interest rate ranges from 11% of the return paid monthly, 11.5% of the return paid quarterly and 12% of the annual interest.
The minimum purchase amount for the certificate: starts from the first thousand pounds.
Audi of 14 banks:
A 3-year savings certificate: the interest rate ranges from 10% per annum for monthly profitability, 10.10% per annum for quarterly profitability, 10.25% for annual profitability and 10.5% for annual profitability.
The minimum purchase amount for the certificate: starts from the first 10,000 pounds.
Bank 15-SAIB:
Certificate with a 3-year maturity: it ranges from 10% for monthly profitability to 10.25% for quarterly profitability.
The minimum purchase amount for the certificate: starts from 5,000 EGP.
16 credits Agricole Egypt:
3-year savings certificate: the interest rate ranges from 9.5% per year for the monthly return, 9.75% per year for the quarterly return, and 10% per year for the semi-annual return.
The minimum purchase amount of the certificate: starts from the first 3,000 pounds.
17- National Bank of Kuwait:
3-year savings certificate: the interest rate ranges between 8.5% per year for the monthly return and 8.75% per year for the quarterly return.
The minimum purchase amount of the certificate: starts from the first 3,000 pounds.
18-First Abu Dhabi Bank:
A 3-year savings certificate: The interest rate ranges from 8.25% per year for the monthly return, 8.75% per year for the quarterly return and 8.95% for the annual return.
The minimum purchase amount for the certificate: starts from the first 5,000 pounds minimum.
19- BLOM BANK:
It offers a 3-year certificate: the interest ranges between 11.5% for the monthly return and 11.75% for the semi-annual return.
The minimum purchase amount for the certificate: starts from the first thousand pounds.
