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The National Bank of Egypt announced some amendments to the certificates of the National Bank, by stopping the issuance of the annual platinum certificate with a return of 15% for a period of one year, as it started from yesterday Monday, which was proposed months ago, after the reduction of the central bank. In light of the accommodative monetary policy that it adopted since the beginning of the year.
In this sense, we provide you with certificates from the National Bank alternative to the 15% certificates available to clients as follows:
Certificates of the National Bank of Egypt:
First: savings certificates in local currency:
1. The Platinum Certificate of Variable Return:
The duration of the certificate is 3 years.
The minimum purchase amount of the certificate is 1000 pounds and its multiples.
– The interest rate of 9.50% per month, which is variable and is linked to the deposit rate of the Central Bank of Egypt (bidding broker) with an increase of (0.25%) and is applied from the next business day to change the deposit rate applied at the Central Bank of Egypt to all new and existing customers. It is calculated from the next business day until the day of purchase.
2. Platinum Certificate:
1- The duration of the certificate is 3 years.
2- The minimum purchase amount of the certificate is 1000 pounds and its multiples.
3- The interest rate is 12.25% quarterly.
4- The interest rate is 12% per month, which is set during the validity of the certificate, and is calculated from the next business day until the day of purchase.
3. The five-year certificate with monthly return:
1- The duration of the certificate is 5 years.
2- The minimum purchase amount of the certificate is 1000 pounds and its multiples.
3- The interest rate reaches 11% per month, which is set during the validity of the certificate, and is calculated from the next business day until the day of purchase.
Common characteristics of certificates:
1- It is possible to issue credit cards of all kinds with the guarantee of these certificates.
2- It is possible to borrow with the guarantee of these certificates at any of the bank’s branches in accordance with the applicable instructions.
3- It is possible to recover it before the end of the period according to the rules and conditions announced within the bank, and the certificate will be recovered at the end of its period in its full face value.
4- It cannot be exchanged for 6 months from the next business day until the day of purchase.
5- The certificates are automatically renewed according to the price announced at that time.
6 – The certificates are nominal and cannot be endorsed, negotiated, deducted, transferred, mortgaged or sold in any form of transfer to ownership.
Second: investment certificates:
1. Group A certificate with combined performance
1- Duration of the certificate: 10 years.
2- Categories of certificates: 100 pounds and its multiples.
3- Interest rate: up to 10.25%, presented at the end of the certificate period, and determined in accordance with the price in force on the date of issuance of the certificates, and is calculated from the day following the purchase date .
4 – The certificate will be recovered at the end of its period in its full maturity value, and can be recovered after 6 months from the day following the day of purchase according to the values
Recoveries prepared in this regard.
5- Periodic return change: with accumulative benefits.
6- The certificates are issued to Egyptian natural and legal persons and foreigners who have resided up to five consecutive Gregorian years or who have obtained
Special residence permit.
2. Group B Certificate:
1- Duration of the certificate: one year.
2- Denominations of the certificates: 1000 pounds and its multiples.
3- Interest rate: 10.25%.
4- The periodicity of the refund payment: monthly.
5- The certificates with monthly periodic return operate at a fixed interest rate during the certificate period, which is determined according to the price in effect on the date of issuance of the certificates and is calculated from the day following the purchase date , and is disbursed on the due date. Pay income on the first business day following that vacation or vacation.
6- The certificates are issued to Egyptian natural persons and foreigners who have resided for a continuous period of 5 years or who have obtained a special residence permit.
7 – The certificate is recovered with the end of the period in its total face value, and can be recovered 6 months from the day after the purchase according to the values
Stomach recovery in that sense.
3. Group B Certificate:
1- Duration of the certificate: two years.
2- Denominations of the certificates: 500 pounds and its multiples.
3- Interest rate: 10.5%.
4- The periodicity of the refund payment: quarterly.
5- The certificates may be issued by donation, donation or donation according to the conditions that must be signed in this regard.
6- It is automatically renewed at its face value to “individuals only” on its expiration date, unless it is reimbursed or there are instructions to the contrary.
Third: savings certificates in foreign currency:
1. The Egyptian 5-year dollar certificate:
1- The term of the certificate is 5 years, and the interest rate is quarterly at a rate of 2.2%.
2- The currency of the certificate is only the dollar and the minimum purchase amount is $ 500 and its multiples.
3- It can be recovered before the end of the period according to the rules and conditions announced in the bank.
4- You cannot make a refund before 6 months have elapsed.
2. The new golden certificate:
1- The duration of the certificate is 3 years, and the interest rate is a quarterly rate of 2.15% US dollars and 0.75% euros.
2- It is possible to buy the certificate in dollars or euros, and the minimum purchase amount is 500 dollars / euros and its multiples.
3- It can be recovered before the end of the period according to the rules and conditions announced in the bank.
4- It is not possible to refund before 6 months have elapsed.
3. Certificate in Egyptian dollar, 7 years:
1- The term of the certificate is 7 years and the interest rate is 2.25% quarterly.
2- The minimum purchase amount is $ 1000 and its multiples.
3- It can be recovered before the end of the period according to the rules and conditions announced in the bank.
4- It is not possible to receive a refund before 6 months.
