There are many citizens who accept to buy savings certificates from the National Bank of Egypt, as it is one of the safest ways to invest their money. Recently, the National Bank of Egypt launched an attractive offer for these citizens, which is the offer of the five-year certificate with a fixed monthly return, at a value of 12.25% annually, which reaches Its duration is five years, knowing that the minimum purchase of this certificate is 1,000 Egyptian pounds. The five-year certificate is distinguished by the fact that its scheduled return is fixed throughout the duration of the certificate, and the return is calculated from the beginning of the month following its purchase.
Certificates of the National Bank of Egypt with a return of 1000 pounds per month
The National Bank of Egypt clarified the method of obtaining the return of the five-year certificate in order to reassure customers of their money, as it stated that if a customer of the National Bank of Egypt purchases a certificate for the amount of one hundred thousand pounds, he will receive an annual return of up to 12,225 thousand pounds, and it is possible that the customer pays the return Twelve months, so that the monthly return reaches more than 1,000 pounds, for the duration of the certificate that was determined by the Bank, for five consecutive years, knowing that the original certificate, which is one hundred thousand pounds, is preserved after the end of the certificate period.
Advantages of the five-year certificate from the National Bank of Egypt
We can learn about the most important advantages of the five-year certificate provided by the National Bank of Egypt through the following:
- First: It grants the customer the right to borrow, with its guarantee, from one of the branches of the National Bank of Egypt, in accordance with the instructions contained therein.
- Second: It is possible for the customer to recover its value before the end of the period specified for it, in accordance with the terms and rules announced by the bank.
- Third: The customer has the right to recover its value in full after the expiry of the period specified for it, which is five full years from the date of its purchase.