After the Central Bank of Egypt decided to increase interest rates by 200 basis points today, Thursday, October 27, in a special meeting, Egyptians began looking for safe ways to save money and ways to invest their money. Since the National Bank of Egypt and the Bank of Egypt’s certificates have the highest returns, it is anticipated that many investors will be drawn to them, and we will learn how to invest in their certificates soon.
One of the safest ways to invest and save money that brings fixed returns to their owners is the investment certificates that a large number of citizens turn to, especially after the Egyptian Central has raised interest rates in an exceptional meeting today, Thursday, by 2%, and the Bank of Egypt and the National Bank offered the higher investment certificates back. It sums up to 17.
According to the Governor of the Central Bank of Egypt, the goal is to maintain the biggest cash reserve at the moment.
Also see: Following the decision to hike interest rates, the price of the euro in Egyptian banks is now 2%.
The possibility of issuing a credit card, or the so-called credit card, with the ability to obtain loans with certificates guarantee, at a rate of up to 95% of their value, and the management of the account associated with the certificates by subscribing to services are just a few of the benefits that investors carry with bank investment certificates. Internet access or bank mobile The three-year platinum certificate with a 17.5% annual return was just announced by Al-Ahly Bank.
25% with returns paid out annually, compared to the new Platinum certificate’s 3 years and monthly return, which will result in a return of 16% rather than 14% annually. The National Bank also permitted The certificate with a return has a value of 16.25 percent per year and is distributed with a semi-annual return that has a value of 16.5 percent per year.
Read more about the Turkish Lira’s exchange rate with the Saudi Riyal as of today, October 27, 2022.
Also, the certificates of Banque Misr, the highest return, allowed its customers to obtain a 3 -year certificate for a year with an annual return of 17. 25%, with the disbursement of the return annually, and the certificates with the monthly return provide them with a revenue of 16% annually instead of 14%, while the certificate was 16.
25% With the distribution of the quarterly return and the ability to at any time recover the certificate’s value in accordance with the applicable recovery regulations for each type.
How to invest according to the National Bank of Egypt and the Bank of Egypt’s testimonies
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