PHOTO
People and vehicles are seen in front of the National Bank of Egypt (NBE), also known as the Al Ahli Bank, in the Fifth Settlement districts of New Cairo. Amr Abdallah Dalsh, Reuters
Cairo – The National Bank of Egypt (NBE) is adjusting the fixed interest rates on its three-year new golden USD savings certificates and the Ahl Masr USD certificates for five and seven years for new issues starting as of Sunday, 9 October 2022.
The abovementioned certificates can be deposited through all of the bank’s branches or through the Al-Ahly Net application, the Middle East News Agency (MENA) reported.
The new golden certificate yields an interest rate of 5.30% annually, 5.25% semi-annually, 5.20% quarterly, and 5.15% monthly. The minimum purchase amount for the certificate stands at $500 and its multiples.
The five-year term Ahl Masr USD certificate gives an interest rate of 5.15% annually, 5.10% semi-annually, 5.05% quarterly, and 5% monthly. The minimum purchase amount for this certificate is $500 and its multiples.
Furthermore, the seven-year-term Ahl Masr USD certificate yields an interest rate of 5.05% annually, 5% semi-annually, 4.95% quarterly, and 4.90% monthly. The minimum purchase amount for this certificate is $1,000 and its multiples.
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