The new National Bank of Egypt’s savings certificates were the focus of attention by many in the past few hours, as the bank is offering two savings certificates for a term of three years.
The new certificates reflect the positive vision of a decrease in interest rates during the coming period.
There is an expected gradual decline in inflation rates and market stability due to international and domestic changes.
These include the Central Bank of Egypt’s policy targeting inflation.
Types of National Bank of Egypt savings certificates
1- A savings certificate with a fixed annual return of 19 percent for a period of three years. The return is paid monthly.
2- A savings certificate with a variable annual return for a period of three years. Tge return in the first year will be 22 percent for the second year 18 percent and for the third year 16 percent. The return will be paid monthly.
Three ways to purchase the new certificates
1- If you have an account with the NBE, you can purchase the new certificates through the bank branches across Egypt in official working hours.
2- If you have an account with the NBE, you can purchase the new certificates on the Internet via the NBE website at any time during the day.
3- If you have an account with the NBE, you can purchase the new certificates through the mobile banking application of Al Ahly Net using the national ID number at any time of the day.
How to purchase the certificates through the Al Ahly Net application:
1- Log in to Al Ahly Net application using the identification number and password.
2- Choose to issue certificates or deposits.
3- Choose the issuance account number.
4- Choose the type of the certificate.
5- Determine the price of purchase, starting from LE1,000 and its multiples.
6- Choose whether the certificate would be renewed automatically or not.
7- Determine the type of account to which the monthly return would be deposited, whether a current or a savings account.
8- Approve the terms of conditions set by the NBE.
