Nasser Social Bank recently launched savings certificates with a return of up to 15% and 15.25% for a period of 3 years, starting from 1,000 pounds.
This came after the Monetary Policy Committee of the Central Bank of Egypt decided at its meeting in May 2022 to raise the overnight deposit and lending rates, and the price of the main operation of the Central Bank by 200 basis points, to reach 11.25%, 12.25% and 11.75%, respectively. The credit and discount rate increased by 200 basis points to 11.75%.
Nasser Social Bank Certificate
Nasser Social Bank offered a three-year savings certificate with a return of 15% annually, 14.25% quarterly, and 14% monthly.
The triple certificate offered by Nasser Bank is the highest return in the banking market during the recent period.
The value of the certificate starts from 1,000 pounds and its multiples, and the return is calculated from the day following the deposit, and it can be redeemed after 6 months from the date of its issuance.
It is possible to borrow against the guarantee of the certificate on easy terms and according to the rules approved by the bank.
return certificate
Nasser Social Bank also increased the return on the certificate of giving back to the elderly with a term of 3 years to 15.25% annually and 14.25% per month.
The certificate starts from 1000 pounds, provided that the age is 60 years or more, and the maximum purchase limit is 2 million pounds per person.
Financing can be guaranteed by soft terms according to the rules approved by the bank, and it can be redeemed after six months from the date of its issuance.