With a return of 17% .. Certificates of the National Bank platinum and quintuple

The National Bank of Egypt provides a set of savings certificates for citizens, guaranteeing them a rewarding return of up to 17.25%.

The Central Bank of Egypt issued its latest decision to raise interest rates by 3%, to 16.25% on deposits and 17.25% on lending.

The advantages of savings certificates in the National Bank of Egypt, and the return on them of various types:

·        Platinum certificate for 3 years

1. The duration of the certificate is 3 years.

2. The minimum purchase amount is 1,000 pounds.

3. The return is fixed for the duration of the certificate.

4. The return is calculated from the month following the month of purchase.

5. The monthly return is 16%.

6. Quarterly return 16.25

7. The semi-annual return is 16.5%.

8. The annual return is 17.25%.

9. Borrowing can be guaranteed.

10. Credit cards of all kinds can be issued against the guarantee of these certificates.

11. It is not possible to refund before the lapse of 6 months starting from the working day following the day of purchase.

12. It can be redeemed before the end of the period in accordance with the rules and conditions announced by the bank.

13. The certificate shall be returned at the end of its term for its full nominal value.

·        Platinum certificate with variable return for 3 years

1. The minimum purchase amount is 1,000 pounds.

2. The duration of the certificate is 3 years.

3. The quarterly return is 16.5%.

4. The return is a variable linked to the Central Bank of Egypt’s deposit rate, “Bid Corridor”, with an increase of 0.25%.

5. The return is applied from the day following the change in the deposit rate applied at the Central Bank of Egypt to all existing and new clients.

6. Calculating the return starts from the business day following the day of purchase.

7. The bank allows citizens to borrow with the guarantee of the certificate.

8. The certificate holder is entitled to obtain all kinds of credit cards.

9. It is not possible to refund before the lapse of 6 months starting from the working day following the day of purchase.

10. It can be redeemed before the end of the period in accordance with the rules and conditions announced by the bank.

11. The certificate shall be returned at the end of its term for its full nominal value.

·        The five-year certificate with a monthly return

1. The minimum purchase amount is 1,000 pounds.

2. The duration of the certificate is 5 years.

3. Quarterly return 12.25%

4. The return is fixed for the duration of the certificate.

5. Start calculating the return from the month following the purchase month.

6. It is possible to borrow with the guarantee of the certificate.

7. The certificate holder is entitled to obtain all kinds of credit cards.

8. The value of the certificate may not be redeemed before the lapse of 6 months from the date of its validity.

9. It can be redeemed before the end of the period in accordance with the rules and conditions announced by the bank.

10. The certificate shall be returned at the end of its term for its full nominal value.