I wrote – Manal Al-Masry:
Starting from tomorrow, 25 banks will continue to sell high-yielding 3-year savings certificates, or offer new certificates with high interest, after the Central Bank’s decision to fix the interest rate at its meeting on Thursday.
EG Bank and National Kuwait Bank Egypt recently decided to issue a new certificate or raise the interest in order to keep pace with the wave of raising interest rates in competing banks that made their decision early, while several banks, namely First Abu Dhabi, Emirates NBD, Med Bank, Egyptian Real Estate, and Egyptian Agricultural, are still studying raising interest. at the cost of their money.
The Monetary Policy Committee of the Central Bank of Egypt decided to fix interest rates during its meeting yesterday, to keep interest rates in the Central Bank (corridor) after the decision at the level of 11.25% for deposits and 12.25% for lending.
Masrawy offers the interest rate on certificates with 3-year terms for the high return in 25 banks, starting from tomorrow, Sunday, after the Central Bank’s decision to fix interest on deposit and lending the day before yesterday.
Nasser Social Bank
Triple Certificate: The interest rate is 15%, the return is paid annually, or 14.25% is paid on a quarterly basis, or 14% is paid monthly.
Triple Certificate (Give Back) for the elderly only: at a return rate of 15.25%, the return is paid annually, or 14.5% is paid on a quarterly basis, or 14.25% is paid monthly.
National Bank of Egypt
The platinum certificate is for a period of 3 years for a fixed return: the interest rate is 14% annually, and the return is paid monthly.
Egypt Bank
The Summit Certificate is for a period of 3 years for a fixed return: the interest rate is 14% annually, and the return is paid monthly.
Al Baraka Bank of Egypt
A savings certificate with a variable return for a period of 3 years: the interest rate is 14% annually and is paid on a monthly basis. The bank is unique among the banks operating in the Islamic transaction system in Egypt by offering a variable-return certificate linked to the deposit rate with the Central Bank (corridor).
Arab African International Bank
Triple Certificate Emerald: The interest rate ranges between 13.75% annually and the return is paid monthly, 14% is paid quarterly, 14.125% is paid semi-annually, and 14.25% is paid annually.
Housing & Development Bank:
3-year certificate: with interest ranging between 13.5% annually for the monthly return periodicity, and 13.75% annually for the quarterly return periodic.
Royal Certificate: The Development Bank sells this certificate at an interest rate of 14.25%, to be paid annually, provided that the minimum purchase amount is not less than one million pounds.
Al Ahli Bank of Kuwait
3-year certificate: with an interest of 13.5% annually, with a monthly periodicity to pay the return.
Triple certificate, which can be purchased from one million pounds: the interest rate is 14%, and it is paid monthly.
Egyptian Export Development Bank
He sells a triple savings certificate with an interest of 14% per annum and is paid annually.
Commercial International Bank CIB
Triple Certificate: It offers an interest of 13.5% annually and the return is paid monthly with a fixed return, provided that the minimum purchase of the certificate is not less than 100,000 pounds.
4-year certificate: offers an interest rate of 14% annually, provided that the minimum purchase of the certificate is not less than 100,000 pounds.
SAIB Bank
Al-Khouli added that the return on the triple certificate, after the increase, became 14% annually for the monthly return periodicity, and 13.5% annually for the quarterly return periodicity.
Abu Dhabi Commercial Bank Egypt
My Money Triple Certificate: The interest rate ranges between 13.5% periodic monthly interest disbursement, 13.6% periodic quarterly interest disbursement, and 13.75% periodic semi-annual interest disbursement.
Triple Certificate (Excellence): The interest rate is 14% annually, and the return is paid monthly, provided that the minimum purchase amount is no less than 250 thousand pounds.
QNB Al Ahli Bank
3-year certificate: with interest ranging between 13.5% annually for the monthly interest payment period, and 13.75% annually for the quarterly interest payment period.
HSBC Bank
3-year certificate: with an interest of 13.5% annually, with a monthly periodicity to pay the return.
Mashreq Bank
Triple Certificate: The interest rate is 13.5% annually and the return is paid monthly.
Cairo Bank
Primo Extra Certificate: The interest rate ranges between 13.25% annually, monthly return, and 13.5% annually, quarterly return.
Egyptian Gulf Bank
It offers a triple (premium) certificate for a fixed return: the interest rate is 13.5% annually, and the return is paid monthly.
National bank of Kuwait
Triple Certificate of Fixed Return: The interest rate is 13.5% annually and the return is paid monthly, provided that the purchase limits are not less than half a million pounds.
Arab Bank:
Triple Certificate of Fixed Return: The interest rate is 13% annually, and the return is paid daily.
Bank of Alexandria
Triple savings certificate: the interest rate ranges from 12.5% annually, the return is paid monthly, and 12.75% is paid quarterly.
Med Bank:
It presents a triple certificate: the interest rate is 11.25% annually, the interest is paid in advance on a monthly basis, and it has not decided to raise the interest so far.
First Abu Dhabi Bank
He sells a triple certificate: the interest rate ranges between 10% annually for the monthly return periodicity, 10.25 % annually for the quarterly return periodicity, and 10.4% for the annual return periodicity, and the bank did not move the interest on it like other banks.
Emirates NBD Bank:
Triple Certificate of Fixed Return: The interest rate is 10% annually, and the return will be paid monthly, and the interest has not been raised on it like other competing banks.
Arab International Bank
Triple certificate of fixed return: the interest rate ranges between 10.75% annually, the return is paid monthly, 11% annually, the return is paid quarterly, 11.25% annually, the return is paid semi-annually, and 11.5% annually, the return is paid annually. The interest rate has not been moved so far.
real estate Bank
Triple Certificate of Fixed Return: The interest rate ranges between 11% annually, the return is paid monthly, and 11.25% annually, the return is paid quarterly.
Egyptian Agricultural Bank:
Triple Certificate of Fixed Return: The interest rate is 11% annually, and the return is paid monthly.