NBE raises return on triple savings certificate to 19.5%

The National Bank of Egypt launched the triple savings certificate with a variable return after raising the interest on it by one percent, so that the return value became 19.5 percent.

The periodicity of disbursing the return on this type of certificate is quarterly. The minimum purchase period and duration for a savings certificate is three years.

The bank allows issuing credit cards of all kinds with the guarantee of these certificates.

Banque Misr also launched triple savings certificate with a variable return earlier in August, after raising the interest on it by one percent, so that the return value became 19.5 percent.