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02:06 pm
Monday 21 September 2020
I wrote – Manal Al-Masry:
Today, Monday, the banks Al-Ahly and Egypt stopped issuing a savings certificate with a term of one year and an interest rate of 15%, which is the highest rate of return in the market.
The decision to stop the High Performance Certificate comes after it achieved sales exceeding £ 383 billion at Al-Ahly and Egypt banks in the 6 months since its launch.
On March 22, Al-Ahly Bank and Egypt began offering the new certificate with the highest profitability in Egypt, with a one-year term to reduce Corona’s measures.
The National Investment Bank also decided to reduce the interest on multi-term investment certificates by up to 3.75% as of today.
Masrawy offers the highest interest offered on savings certificates, as of Monday, to new clients in Al-Ahly Bank and Egypt after suspending the 15% certificate.
National Bank of Egypt:
The 3-year platinum certificate is the highest interest for clients today. The interest rate is recorded at 12% per annum for the monthly repayment and at 12.25% for the quarterly repayment, and the bonding of the certificate starts from the first thousand pounds.
Bank of Egypt:
The maximum savings certificate maturing in 3 years represents the highest interest offered to customers at an annual interest rate of 12%, the return is paid monthly and the minimum limit to link the certificate starts from the first thousand pounds and its multiples.
