12:50 PM
Tuesday 31 May 2022
I wrote – Manal Al-Masry:
Nasser Social Bank announced the launch of a three-year savings certificate with a return of up to 15% annually, which is the highest among Egyptian banks.
The interest offered on the certificate ranges between 15%, the return is paid annually, 14.25% is paid quarterly, and 14% is paid monthly, in the bank’s keenness to give the highest return in the banking market and to continue its policy towards achieving financial inclusion and digital transformation to stimulate savings thought, according to a press release today. Tuesday.
The statement said that the decision to issue the certificate came in light of the decision of the Monetary Policy Committee of the Central Bank of Egypt in its previous meeting to raise the rates of the overnight deposit and lending rates and the price of the main operation of the Central Bank by 2%.