Searches continue for the past hours around National Bank Certificatesespecially following the decisions that resulted from the meeting of the Monetary Policy Committee of the Central Bank last Thursday.
The Central Bank announced that the interest rate would be fixed at 11.25% for deposits and 12.25% for lending, while raising the required reserve ratio from 14% to 18% of customers’ deposits in banks for less than 3 years.
Many citizens seek to preserve their money and invest by purchasing the certificates of the National Bank, because it is the best solution in maintaining the currency difference during the coming period.
National Bank Certificates:
1- Platinum Certification:
Duration: 3 years.
Minimum purchase amount: 1000 EGP and its multiples.
Interest rate: 14% monthly.
2- Platinum Certificate with Variable Return:
Duration: 3 years.
Minimum purchase amount: 1000 EGP and its multiples.
Interest rate: 11.5% every three months.
3- The five-year certificate
Duration: 5 years.
Minimum purchase amount: 1000 EGP and its multiples.
Interest rate: 12.25% per month.
4- Egyptian security certificate:
Duration: 5 years.
Minimum purchase: 500 pounds.
Return rate: 13%.
