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The National Investment Bank reduced the day before yesterday between 0.5% and 1% the interests of the new investment certificates that were issued in the branches of the National Bank of Egypt because the former had no branches, while the Central Bank meets during the current month to determine the destination of reducing the interest on deposits and loans.
Prices for 3-year fixed return certificates at various banks:
1- National Bank of Egypt:
The platinum certificate is for 3 years, where the rate of return ranges between 12% per year for the monthly return and 12.25% per year for the quarterly return, and the minimum purchase price of the certificate is one thousand pounds and its multiples .
2- Banque Misr:
The maximum certificate is 3 years, where the return rate ranges between 12% per year for the monthly return and 12.25% per year for the quarterly return, and the minimum purchase price of the certificate is one thousand pounds and its multiples .
3- Banque du Caire:
The Premium Certificate is for 3 years, where the interest rate ranges between 12% per year for the monthly return, 12.10% per year for the quarterly return and 12.25% per year for the semi-annual return, and the minimum price purchase of the certificate is 1000 pounds and its multiples.
4- National Investment Bank:
Investment certificate (a) with accumulated profitability for a period of 10 years, the interest rate is 9.75% per annum, the profitability is paid at the end of its period, and its purchase starts from the first 100 pounds, and the investment certificate (b) with a monthly return for one year, the interest rate is 9.75% per year and its purchase starts from the first thousand pounds.
Investment certificate (b) with quarterly profitability for a period of two years, the interest rate is 9.5% per year and you start to buy from the first 500 pounds, and the investment certificate (b) for a quarterly return for a 3-year period, the interest rate is 9.25% per annum and starts from the first £ 500.
