1705650585
Egyptian Gulf Bank
Mahmoud Fahmy
The Egyptian Gulf bank “EGBANK” has launched a “Tharwa Plus” savings bond with a term of 3 years, with a fixed interest rate of up to 23% in the first year and monthly payouts, so that the return in the remaining two years is in one variable interest rate that follows the deposit rate announced by the Central Bank of Egypt. .
Al-Masry Al-Khaleeji said on its official website that the “Tharwa Plus” savings bond starts at 1,000 pounds, with the possibility of increasing it by multiples of a thousand pounds, and is made available only to retail customers.
He continued Egyptian Gulf BankAgainst the guarantee of the certificate, a loan is possible up to a maximum of 90% of the nominal value of the certificate, with a variable interest rate applied to the funds borrowed under the guarantee, which is at least 2% of the interest rate applied on the day the loan is granted on the certificate back, with the return on the loan changing according to the change rate. At the interest rate of the certificate, provided that a margin of at least 2% of the loan interest is maintained.
He added that according to the bank’s redemption commission, the Egyptian Gulf Bank Tharwa Plus Savings Bond can only be redeemed after the expiration of 6 months or more from the date of issue, as the bank deducts 75% of the returns provided to the customer during this period in the first year, while the discount rate reaches 65% when deducted from the total return of the two years in the second year, and at 55% of the amount of return paid at break and recovery in the third year.
also readUp to £500 per month… Fees for falling below a customer’s minimum balance at 11 Egyptian banks
The 27% certificates of the National Bank of Egypt and the National Bank of Egypt … the last date for purchase and the way to obtain them
The last date for purchasing the 27% certificates from the Bank of Egypt and the National Bank
#Egyptian #Gulf #Bank #launches #Tharwa #savings #bond #monthly #return