Today, Cairo Bank offered a three-year Primo Gold savings certificate with an annual return of 17.25 percent.
The Cairo Bank also issued the same certificate with a revenue of 16% spent monthly, and 16. 25% for the annual quarter -return period.
This comes against the background of raising the basic interest rates from the Central Bank of Egypt this morning, and according to the Cairo Bank statement today, Thursday, he said that this step comes within the framework of the continuous keenness of the bank to meet the requirements of all customer segments and motivate the owners of deposits to maintain the purchasing value of their savings, as well as stimulating the savings value Working to enhance the value of savings in the Egyptian Pound by offering the Best Competitive Return.
The certificate is used beginning with the return from the day after the purchase, and the value of the certificate cannot be recovered without the passage of 6 months. After the certificate period, it is done Full recovery of its nominal value, and it is also possible to borrow with the guarantee. The certificate has many competitive advantages in terms of the rate of return and the periodic periodic in addition to the 3 -year certificate period.
The certificate also enables the owner of the possibility of issuing credit cards and credit facilities to ensure the certificate, and the minimum purchase of the certificate is 10,000 pounds, and the investment period is 3 years.
Additionally, Banque Misr made the decision to issue a three-year Platinum certificate with a 17.5% annual return.
Following the Central Bank of Egypt’s decision, the bank’s assets and liabilities committee decided to raise the price of the return on the platinum certificate for three years with a monthly return to 16% yearly rather than 14%, effective immediately for newly issued or renewed certificates.
The bank’s monetary policy committee, headed by Hassan Abdullah, Governor of the Central Bank, decided in its exceptional meeting today to raise the price of deposit and lending for one night and the price of the main operation of the Central Bank by 200 basis points to 13. 25%, 14. 25% and 13. 75%, respectively, respectively . Additionally, the credit and discount rate was increased by 200 basis points to 13.75 percent.
“Cairo Bank” publishes a three-year certificate with a return of 17.25% per year following an increase in the interest rate.
About Author
