In light of the anticipation of the various banks that the Central Bank will issue a new certificate, which will be the highest in terms of interest, and whose return may reach 20% interest, in the coming days, a large number of banks are keen to issue certificates with an annual interest of 17.25%, and these certificates are the highest interest So far at the level of the banking system, in order to attract customers and bring about an economic recovery in light of the current circumstances, and here are the details.
Many experts and bankers have expected that the Central Bank will, during the next few period, issue a certificate with a high return and annual interest of 20%, and this will be in Banque Misr and the National Bank, so that the price increase is controlled, inflation is eliminated and a return is made to promote investment in the Egyptian pound. .
This comes in light of the low interest on the rest of the other currencies, which helps compensate customers for the erosion and erosion of the value of their savings due to the inflation that occurred, and it eliminates the black market.
It is noteworthy that the Central Bank decided a month and a half ago, on October 27, to raise the interest of the certificates by 2%, in an extraordinary meeting of the Political Committee, in order to confront the rise in prices, and at that time the banks offered certificates with an interest of 17.25%, which determines the value of the Egyptian pound against foreign currencies. This is according to the state of supply and demand in the market.
We will review with you the highest interest rates on savings certificates in 11 banks, and this comes in light of expectations that the Central Bank will issue new certificates with an interest rate of 29%, after the last meeting, economic changes and current inflation.
Certificates with the highest yield in 11 banks
1- Banque Misr
Banque Misr issues several certificates, namely:
- Al-Qimma certificate for a period of 3 years, with an interest rate of 17.25%, and the return is paid annually.
- Certificates with a return of 16%, and the return of the certificates is disbursed monthly.
- Certificates with a return of 16.25%. The return of the certificates is disbursed every three months at a quarterly rate.
These certificates are purchased starting from one thousand pounds and its multiples.
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2- The National Bank of Egypt
The National Bank of Egypt offers several certificates, which are:
- Platinum certificate for a period of 3 years, with an interest rate of 17.25%, and the return is paid annually.
- The bank offered a certificate with 16% interest, which varies according to the periodicity of the exchange, and it is paid monthly.
- A certificate with an interest rate of 16.25%, to be paid quarterly, i.e. every three months.
- A certificate with an interest rate of 16.50%, to be paid on a semi-annual basis, i.e. every six months.
The purchase of certificates starts from the first thousand pounds and its multiples.
3- The United Bank
The United Bank offers several certificates, which are:
- A triple certificate with an annual return of 16.25%. The return is disbursed monthly.
- A certificate with an interest rate of 16.50%. The quarterly return is paid every three months.
- A certificate with an interest rate of 17%, and the return is paid annually.
- A certificate with 18% interest annually, and the return is disbursed once at the end of the year, which is the duration of the certificate.
The purchase of these certificates starts from the first thousand pounds and its multiples.
4- QNB ALAHLI Bank
QNB ALAHLI offers several certificates, namely:
- A triple certificate with 16% interest annually, with periodic exchange of the monthly return.
- Certificates with an interest rate of 16.25% with a quarterly exchange period, i.e. every three months.
- And certificates of 17.25% of the annual exchange period.
The purchase of these certificates starts from the first minimum of 500,000 pounds.
5- Cairo Bank
Banque du Caire offers several certificates:
- Primo Gold certificate, the duration of the certificate is 3 years, with an interest rate of 17.25%, the return of which is paid annually.
- Certificates of 16%, the return of which is paid monthly.
- And certificates with an interest rate of 16.25% with a quarterly exchange period, i.e. every three months.
Buying these certificates starts from 10,000 pounds and multiples of 1,000 pounds.
6- Al Baraka Bank
Al Baraka Bank issues several certificates, which are:
A new triple investment certificate, with a variable return of not less than 17.25%, thus Al Baraka Bank will be the first Islamic bank to provide its customers with a certificate with a high return in accordance with the provisions of Islamic Sharia.
The purchase of these certificates starts with a minimum of the first thousand pounds and its multiples.
7- Arab African International Bank
The Arab African International Bank offers several certificates, which are:
- A triple certificate, with an interest rate of 17.25%, and the return is spent annually.
- And a certificate with an interest rate of 16.50%, and the return is paid semi-annually every six months.
- Certificates with a return of 16.25% and are disbursed on a quarterly basis, i.e. every three months.
- Certificates with a return of 16%, and the return is disbursed monthly.
8- Nasser Social Bank
Nasser Bank offers several certificates, which are:
- A certificate of returning the favor to the elderly, which is for a period of 3 years, and this certificate has a return of 17.5%, and the return is disbursed annually.
- The savings certificate is for a period of 3 years, and it is for all customers starting from the age of 16, with a return of 17.25%, which is spent annually.
- And a certificate with an interest rate of 16.25%, and the return is paid every three months, i.e. quarterly.
- And a certificate with 16% interest, and the return is paid monthly.
Buying any certificate from them starts from the first thousand pounds and its multiples.
9- SAIB Bank
SAIB offers several certificates, namely:
- A triple certificate in the name of (Crystal) with an interest rate of 17.25%, and the return is disbursed annually.
- A certificate with 16% interest, and the return is paid monthly.
- A certificate with a return of 16.25%. The return is paid quarterly, i.e. every three months.
- A certificate with an interest rate of 16.5%. The return is paid semi-annually, that is, every six months.
The purchase of these certificates starts from the first million pounds as a minimum.
10- Agricultural Bank
The Agricultural Bank offers several certificates, which are:
- A triple savings certificate with an annual return rate of 17.25%. The return is disbursed annually.
- A certificate with a return of 16% annually, and the return is paid monthly.
- A certificate with a return of 16.25% annually. The return is paid every three months, i.e. quarterly.
The purchase of these certificates starts from the first thousand pounds as a minimum and its multiples.
11- The Egyptian Bank for Export Development
The Export Development Bank of Egypt issues this certificate:
A triple certificate with an interest rate of 17%, the return of which is spent annually, and the purchase of this certificate starts from the first thousand pounds and its multiples.