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If you are a big customer – more than 5 banks offer you savings certificates with a return that fills the pocket

A large number of public and private banks in the Egyptian market issued high-return savings certificates over the past three months to attract the largest number of clients and major clients to them.

The Monetary Policy Committee of the Central Bank announced last Thursday that the interest rate on deposit and borrowing would be fixed.

The banks set a minimum purchase price for certificates ranging from 50 thousand pounds, 100 thousand pounds, 250 thousand pounds, 500 thousand pounds and one million pounds.

In the following report, we will reveal the certificates issued by public banks in Egypt to serve major clients, as follows:

1- Housing and Development Bank:

Royal Certificate: The Development Bank sells this certificate at an interest rate of 14.25%, to be paid annually, provided that the minimum purchase amount is not less than one million pounds.

2- cib . bank

The bank issues two certificates to major clients:

1- A certificate with a term of three years and at an interest of 13.5% annually. The return is paid monthly, and the minimum purchase amount is 100,000 pounds.

2- A certificate with a duration of four years and an annual interest rate of 14%. The return is paid monthly, and the minimum purchase amount is 100,000 pounds.

3- National Bank of Kuwait

The bank issues a triple certificate at an interest rate of 13.5% annually, and the return is paid monthly, and the minimum purchase amount is no less than half a million pounds.

4- Abu Dhabi Commercial Bank

The bank offers an Excellence Certificate to major clients, which is for a period of three years and at an interest rate of 14% annually. The return is paid monthly, and the minimum purchase amount is 250 thousand pounds.

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5- Egyptian Gulf Bank EG

The bank issues a certificate called the premium, which has a term of three years and an interest of 13.5% annually. The return is paid monthly, and the minimum purchase amount is 50 thousand pounds.

6- Al Ahli Bank of Kuwait

A certificate with a term of three years and an interest of 14% annually. The return is paid monthly, and the minimum purchase amount is one million pounds.

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