Tuesday , October 26 2021

Urgent on the certificates of the National Bank after setting interest rates



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The National Bank of Egypt changed the interest rates on its products from the Egyptian pound savings ships and local currencies and set the profitability of its products from the savings ships, following the decision of the Central Bank of Egypt at its last meeting to set interest rates.

Interest rates on savings products of the National Bank of Egypt

Content Plus reviews, in the following lines, the interest rates on products of the National Bank of Egypt from savings vats in Egyptian pounds and local currencies:

1- Certificate of investment (A)

The category of the certificate is 500 pounds and its multiples, with a duration of 10 years, the periodicity of the exchange with a return of 9.5%.

2- Certificate of investment (B)

The category of the certificate is 500 pounds and its multiples, and its duration is one year, the periodicity of the exchange is with a return of 6%.

3- Investment certificate (B)

The category of the certificate is 500 pounds and its multiples, and its duration is two years, the periodicity of the exchange is quarterly with a return of 6.5%.

4- Certificate of investment (B)

The category of the certificate is 500 pounds and its multiples, and its duration is 3 years, the periodicity of the exchange is quarterly with a return of 9%.

The Central Bank’s Monetary Policy Committee decided, at last Thursday’s meeting, to keep the rates of deposits and loans overnight, and the main rate of operation of the central bank, at the level of 8.25% and 9 , 25% of overnight loans.

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