Egyptian banks continued to offer various investment tools to attract deposits in dollars, as Banque Misr announced the launch of new investment certificates in dollars, which is stable for the return on them during the period of retention, besides that it is not affected by the fluctuation of market prices.
The new certificate was dubbed a dollar stability certificate with rewarding return by Banque Misr, meaning that it yields a 5.
30% of the certificate’s yearly value is available for monthly, quarterly, semi-annual, or annual spending with the same currency that the certificate was opened with.
A few Egyptian banks increased the value of the savings certificates they sell in foreign currencies, which increased the return on the US dollar.
Al -Ahly Egyptian Bank decided that starting from tomorrow, the interest will be raised on the savings certificates in the US dollar from 2. 25%to reach 5.
30%, and it coincided with the federal government rising interest rates to reach the return on the dollar in the US at 3. 25%.
The list of certificates for foreign currency savings included the dollar, which increases the return on both the new golden certificate for a three-year period that is purchased for a minimum of $ 500 or its complications; The return on it increases from 2. 25% to 5. 30% annually, 5. 25% to 5. 20% quarterly, and 5. 15% per month.
The return on the Egyptian people’s dollar savings certificates was raised to 5 years with a minimum of $500 and doubled from 2.25 to 5.15 annually, 5.10 half-yearly, 5.05 quarterly, and 5% monthly.
For a period of seven years, the return on the Egyptians’ testimonies increased from 2.25 to 5.05% annually, 5% biannually, and 4.95 to 4.90 per month, starting with purchases starting at the price of 1000 pounds and its problems.
Banks continue to provide high-return savings products to boost their dollar
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