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The National Bank of Egypt began the process of reducing the interest rates on savings certificates, in compliance with the decision of the Central Bank of Egypt. Issued a while ago, reducing the average interest rate for bank transactions by 0.5%.
“Echo of the Country” publishes the most prominent testimonies on which the decision has passed, among them:
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First: Local savings certificates, including platinum certificates with a value of 1,000 pounds and their multiples for a period of 3 years, so that the interest rate on them becomes 11.5% after 12% for the monthly yield or 11.75% after 12.25% for the quarterly yield in addition to the platinum certificates with 3-year variable yield With a value of EGP 1000 and its multiples, so the interest rate becomes 9 %, compared to 9.5% for quarterly profitability.
Second: Investment certificates of classes A, B and C, which include:
Class “A” certificates with a combined yield of 100 pounds and its multiples over 10 years, which raises the interest rate to 9.75%, compared to 10.25%.
Category “B” certificate for a period of one year with a value of 1000 pounds and its multiples so that its return is 9.75%, compared to 10.25% of the monthly return.
And category “B” certificates with a value of 500 pounds and their multiples to two years, so that the return on interest on them becomes 10%, compared to 10.5% of the quarterly return.
Category “B” certificate with a value of EGP 500 and its multiples at 3 years, with an interest rate of 9.5%, compared to 10% of the quarterly return.
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