He decided Egypt Bank Re-issuing the “Ibn Misr” savings certificate for three decreasing years, with different returns being paid periodically, in order to meet customers’ needs. Accordingly, three issues were approved for the periodicity of interest disbursement, annually/quarterly/and monthly.
Annual returns reach 30% for the first year, 25% for the second year, and 20% for the third year. Returns with a quarterly payment cycle reach 27% for the first year, 23% for the second year, and 19% for the third year. Returns are paid monthly at 26% for the first year, 22.5% for the second year, and 19% for the third year, for new issues starting today, March 6, 2024.
The return rate on the three-year “Al Qimma” certificate with a fixed return has also been adjusted, to become 21.5% annually for new issues from today, March 6, 2024, instead of 19% with the monthly return disbursement period. This is with the continuation of issuance of the Talaat Harb certificate for one year with an annual return. 27% is disbursed at the end of the period and 23.5% is disbursed monthly.
It is worth noting that Certificate categories It starts from 1000 pounds and its multiples and is issued to natural individuals or minors, Egyptians or foreigners. The period is calculated starting from the next working day of purchase. Certificates can be purchased starting from Wednesday, March 6, 2024 through the Internet, BM Online mobile banking, and Banque Misr ATMs.
It can also Buy certificates From any of the bank’s branches, which number more than 800 branches and banking units spread throughout the Republic, with the possibility of borrowing against the guarantee of the certificate, in addition to the possibility Issuing credit cards With its guarantee, the certificate can be redeemed after 6 months, starting from the working day following the date of purchasing the certificate, in accordance with the rules of recovery and the regulated terms and conditions.
The bank is always keen to satisfy its customers, meet their desires and needs, and work to constantly develop its existing savings vessels and create everything new that suits these needs.