Details of an investment certificate from the National Bank.. For 500 pounds with a fixed monthly return

Egyptian banks compete to provide the best return on savings certificates, with the aim of attracting more customers. Banks differ from each other in the rates of return offered, and the frequency of disbursement of profits, whether monthly, quarterly, semi-annual, or annual, and the certificates may be variable or paid in advance. In the end, the customer makes the right choice for him, based on his personal needs.

The National Bank of Egypt provides different types of investment certificates B, including a one-year certificate with a fixed monthly return, and according to the return rates table for July 2023, from the National Bank of Egypt, the certificate categories are 500 pounds and its multiples.

The rate of return on an investment certificate B

The rate of return-on-investment certificate with 11%, and it is monthly at a fixed rate of return throughout the certificate’s term, in the year, it is determined according to the prevailing price on the date of issuance of the certificates and is calculated as of the working day following the date of purchase and is disbursed on its maturity date.

The return is disbursed through automated teller machines located throughout the country during weekdays and 24 hours a day.

Details of the investment certificate B from the National Bank

The National Bank of Egypt allows borrowing with the guarantee of an investment certificate “B”, according to the applicable instructions. The certificate shall be retrieved at the end of the period at its full nominal value, while it may be retrieved after 6 months have passed from the working day following the day of purchase.

The Investment Certificate B shall be renewed automatically on its maturity date unless it is redeemed or there are instructions otherwise, in accordance with the instructions of the National Bank.

New certificates of the National Bank of Egypt 2023

 The National Bank of Egypt presented a number of new savings certificates, including 19%, 16%, and 22%, with a large return that is disbursed on a monthly basis, and the most prominent certificates are as follows:

A certificate with an interest rate of 19% for three years, as the return for this certificate is paid on a monthly basis.

An entry certificate of 22% is submitted for a period of three years, where in the first and second year a return of 18% is paid, while in the third year a return of 16% is paid.