National Bank of Egypt Raises Interest Rate on Platinum Fixed-Return Certificate
Published
The National Bank of Egypt has decided to adjust the interest rates on its Platinum fixed-return certificate for a period of three years. The increase amounts to 1%, and will take effect next Sunday.
A savings certificate is a means by which a customer deposits a sum of money for a specified period and, in return, receives a return. A fixed-return certificate, on the other hand, means that the interest rate remains the same throughout the term of the certificate and does not change.
This decision is of interest to customers who are considering purchasing the Platinum certificate, as the new interest rate is higher than the previous one. To find the full details of the terms, customers can refer to the bank's branches or its official website.
So far, the available news has not reported any additional details about this decision, such as the minimum purchase amount or its impact on the other certificates offered by the bank.
Sources: مباشر بنوك مصر
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