With the Central Bank of Egypt (CBE) maintaining interest rates at 19% for deposits and 20% for loans to combat inflation, many investors are looking for stable returns, Youm7 reported.
Against this backdrop of monetary tightening, the National Bank of Egypt (NBE) continues to offer a diverse range of certificates in both foreign and local currencies to provide secure investment vehicles for the public.
The “Golden Certificate”
For those looking to save in US Dollars (USD) or Euros (EUR), the NBE offers the “Golden Certificate.” This product is specifically designed to provide long-term currency stability combined with competitive international returns.
Tiered interest rates
For the USD Golden Certificate, the National Bank of Egypt offers tiered interest rates based on the duration of your investment:
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3-year term: Provides a reliable annual return of 4.75%.
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5-year term: Increases the yield to 4.85% per annum.
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7-year term: For those seeking the highest possible return, this term offers a peak interest rate of 4.90%.
Liquidity and loans
The NBE ensures that these long-term investments remain flexible. These certificates can be used as collateral for loans at any NBE branch, subject to the bank’s standing regulations. This allows investors to access liquidity without necessarily breaking their investment.
Redemption policy and early withdrawal
Investors should note that funds committed to the Golden Certificate cannot be withdrawn before a six-month period has elapsed. Any early redemption after this initial period is subject to the bank’s specific terms, conditions, and administrative fees as declared at the time of the request.
