Thursday 21/November/2024 – 08:19 PM
The National Bank of Egypt offers: Savings certificates Dollars, including AlAhly Fawra and AlAhly Plus certificates, and a number of other certificates, for saving foreign money, while providing lucrative dollar returns.
Savings certificates Dollar
Many citizens are asking about the details of the National Bank of Egypt’s dollar savings certificates, after the decisions of the Monetary Policy Committee of the Central Bank of Egypt to fix interest rates at 27.25% for deposits and 28.25% for lending operations.
AlAhly Plus certificate
The National Bank of Egypt offers a savings certificate with a dollar return. These are foreign currency certificates and are called Al Ahly Plus. They have a duration of 3 years with an annual return rate of 6.5% after reaching 7%. The return is paid in the same currency quarterly. This comes a few days before the Fed meeting. American regarding the fate of American interest rates.
The return is calculated starting from the working day following the day of purchase. The minimum amount to purchase this certificate is $1,000, and Egyptian and foreign individuals are entitled to purchase it, whether adults or minors.
AlAhly certificate immediately
The bank decided to reduce the return on the second dollar certificate, which is called AlAhly Immediate 3 Years, with a return paid in advance in the equivalent of Egyptian pounds, by 8.5% annually instead of 9% and for the entire period by 25.5% instead of 27% of the value of the certificate for the total duration of the certificate, and it is not permissible Borrowing is guaranteed and the certificate is redeemed on the maturity date in the same US dollar currency.
