39. 000 EGP .. Return from the investment in the triple certificate from Banque Misr

Banks operating within the Egyptian banking sector provide a group of savings vessels, which are compatible with all segments of society, to invest their savings and obtain a large and guaranteed financial return, and customers prefer savings certificates as a type of savings vessels.

The advantages of the three-variable certificate from Banque Misr, and how to obtain 39 thousand pounds from investing in the three certificates from Banque Misr.

Advantages of the variable triple certificate from Banque Misr:

- Certificate duration: 3 years. 

- The interest rate on the certificate is 19.5%.

- The periodicity of paying the return: quarterly. 

- Interest type: variable.

Conditions of the variable triple certificate from Banque Misr 

- For natural individuals only.

- The possibility of redeeming the value of the certificate after 6 months. 

- Possibility of borrowing with the guarantee of the certificate.

- Investing in Banque Misr's triple certificate 19.5% 

In the case of investing 200,000 pounds in the triple variable savings certificates, 19.5%, from Banque Misr, the holder of the certificate has the opportunity to obtain a return estimated at 3,250 pounds per month, bringing the annual return from the certificate to 39,000 pounds.

Banque Misr raised the interest rate on the triple certificate with a monthly variable return to 19.5%, an increase of 1% from the previous one. the certificate is offered in two categories, the first with a value of 500 pounds, which is not automatically renewed, and its return is disbursed monthly at variable rates daily, and the second is worth 1,000 pounds and its multiples, and it is renewed automatically, and its return is disbursed on a quarterly periodic basis, that is, every 3 months.

Banque Misr also decided to raise the current account return for pensioners with a monthly return by about 1%, to reach 14% instead of 13%, several days after the Central Bank’s decision to raise interest rates by about 100 basis points.

The President of the Federation of Egyptian Banks added that 19% certificates have other advantages, and it is also permissible to borrow against the guarantee of certificates up to 50% of their value in Egyptian pounds, but for specific purposes.

Al-Etribi explained that the demand for dollar certificates is higher than we expected, and it is witnessing a great demand because the certificates are attractive, and encourage citizens to buy, pointing out that the previously announced certificates are offered to Egyptians at home and abroad, and we have also added other certificates for Egyptians abroad.

In order to purchase certificates from Banque Misr, customers must:

- You must have an account in Banque Misr with a certificate value of at least 1,000 pounds.

- Download the Banque Misr smart application, and subscribe to the mobile banking service.

- Choose to purchase certificates from the application, and fill in the required data.

- Determine the value and type of the certificate, and press Confirm to withdraw the value of the certificate from the account.

- Or through the customer going to any of Banque Misr’s branches, and completing the purchase procedures with the bank employee, or through the bank’s ATM capabilities.