After raising the return 300 point .. Steps to break the savings certificates Banks

A number of banks decided to raise the interest rate on savings certificates, especially after the Central Bank's decision issued last Thursday to raise the interest rate by 300 basis points.

Customers frequently search for how to break old savings certificates in order to buy other certificates to take advantage of the new returns approved by the banks.

Steps to break savings certificates in Al-Ahly Bank and Egypt

The central bank’s decision to raise the interest rate came in conjunction with a decision by banks operating in the local market to raise the interest rate on savings certificates with a variable return by 3%, which is the same as the rate of increase announced by the central bank.

The interest rate on triple variable-return certificates rose to 16.5% instead of 13.5%.

Steps to break the savings certificate in Banque Misr and Al-Ahly

1- The customer goes to the nearest branch of the bank to find out the steps for breaking the savings certificates.

2- Go to the customer service officer to inquire about the size of the losses of breaking the bank's old savings certificates.

Steps to break savings certificates

Breaking the savings certificate in Banque Misr and Al-Ahly Online 2022

The customer can break the old savings certificates, whether electronically or on paper, at Banque Misr and Al Ahly, to benefit from the returns of the new certificates, by following a number of steps.

1. The customer downloads the Mobile Banking application on the mobile phone.

2. Fill in your personal data correctly, or you can go to the bank’s page and choose the internet banking service.

3. -Choose to modify certificates from the main page of application.

4. The client selects the certificate he wants to crack, then presses the Continue button.

5. Information about breaking the savings certificate and the fine for breaking the certificate before its expiry date will appear to the customer, and he will be able to click on the Confirm or Cancel button.

6. Then he chooses to confirm the breaking of the certificate.

7. The bank sends a confirmation message to the customer that the process of breaking the savings certificate has been implemented, and in the event that the process fails, the bank informs the customer of that.