The Central Bank of Egypt will hold a meeting next Thursday regarding its position towards interest rates and the consequent identification of interest rates on banking services, most notably the savings certificates, as those interested in investing their money in particular and the highest return they can achieve.
Before the Central Bank’s decision next Thursday, “Al-Mustaqbal” reviews the most important savings certificates in 5 banks:
Certificate of Talaat Harb Bank of Egypt
The return on the certificate of Talaat Harb Bank Misr is 18%.
The minimum amount for issuing a Talaat Harb Bank Misr certificate is 1,000 pounds and its multiples.
The certificate is in Egyptian pounds.
Paying the interest monthly.
The duration of the certificate is one year from the second business day of purchase
Platinum Certificate from the National Bank of Egypt
The return on the platinum certificate from the National Bank of Egypt is 18%.
The minimum amount for issuing the certificate is 1000 pounds and its multiples.
The certificate is in Egyptian pounds.
Paying the interest monthly.
The duration of the certificate is one year from the second business day of purchase.
Quadrant Certificate “Premium” Commercial International Bank CIB
The return on the “Premium” Quartet Certificate, CIB, is 14%.
– Duration of 4 years.
Minimum purchase amount of EGP 100,000 and its multiples.
The return is paid on a monthly basis.
“Alex Prime 42” certificate with variable return from Alex Bank
Competitive variable return: 13.5%.
– Periodicity of interest disbursement: the return is added monthly.
Obtaining financing and facilities: The possibility of obtaining financing or facilities with the guarantee of the certificate.
Certificate Duration: A savings plan for up to 3.5 years at a competitive interest rate.
Minimum certificate link: 1000 EGP.
Five-year certificate from the Housing and Development Bank
The duration of the certificate is 5 years.
Competitive interest rate of 9% annual added to the account every month.
The certificate is issued in denominations of 1,000 pounds and its multiples, without a maximum limit.
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