An interest rate of 22%.. Banque du Caire offers new certificates

Banque Du Caire offers two new investment certificates with high interest, after the recent decisions of the Central Bank of 2023

Banque du Caire decided to offer two new investment certificates with high interest, after the recent decisions of the Central Bank of 2023.

These certificates enjoy returns of up to 19% and 22%, as the Egyptian Bank announced the issuance of two new certificates with attractive profits. 

   Banque du Caire produced the first certificate bearing the name “Primo Gold”:

Where the first certificate starts with a return of 22% and its percentage changes according to the year. In the first year the return will be 22%, in the second year the return will be 18%, and in the third year the return will reach 16%, and the starting price of the certificate is 10,000 Egyptian pounds.

  There is a fixed-return certificate called the Primo Gold certificate, with an advance rate of 19%, and the return is paid monthly, and the starting price of that certificate is also 10,000 Egyptian pounds.

Recent central bank decisions

A meeting was held for which the Monetary Policy Committee was responsible, and an increase in the interest rate by 2% was discussed, after the interest rate in the lending corridor increased to 19%, and the deposit rate to 18%.

Bank certificates with high returns are the source of attraction for the customer to buy investment certificates, and the recent decision of the Central Bank came as a result of the economic crisis the country is going through.

Advantages of Primo and Primo Gold savings certificates from Banque du Caire at an interest rate of 22%

The savings certificate is issued in Egyptian pounds, for individuals, as the minimum amount for issuance is 10,000 pounds and multiples of 1,000 pounds, and there is no maximum limit for issuance, as it can be issued from the nearest branch.

The savings certificate provides the possibility of granting facilities of up to 90% against the value of the certificate in the same currency, with the possibility of full or partial recovery of the value of the certificate after 6 months from the date of issuance, according to the early redemption schedule.

Documents required for the issuance of Bank of Cairo savings certificates

• A valid national ID card.

• A valid passport for foreigners.

• Birth certificate for minors.

• Application form.