Three-years Certificate
1- Savings Certificateswith fixed frequently interest
3-years certificatewith fixed frequently prepaid interest of 11% earned monthly IN advance.
BENEFITS:
v The certificate shallbe issued in the individual of EGP 1000 and its multiples.
v Issued for naturalpersons and allowed to minors in their names under guardianship legallynominated person.
v The holder ofcertificate is allowed to take out a loan with a lending rate up to 95% of thenominal value of certificate as a guarantee and with a debit return minimum 2%above the certificate's price.
v The interest shall becalculated as of the following date of purchase.
v Redemption is allowedafter 6 months following the date of purchase and shall be made according tothe table published by the Bank.
2- Certificate withvariable rate
· Nominal certificateat the CBE (current corridor deposit rate) paid monthly.
· Nominal certificateat the CBE (current corridor deposit rate) + 0.25% paid every 3 months.
BENEFITS:
v The certificate shallbe issued in the individual of EGP 1000 and its multiples.
v Issued for naturalpersons and allowed to minors in their names under guardianship of legallynominated person.
v The holder ofcertificate is allowed to take out a loan with a lending rate up to 95% of thenominal value of certificate as a guarantee and with a debit return minimum 2%above the certificate's price.
v The interest shall becalculated as of the following date of purchase.
v Redemption is allowedafter 6 months following the date of purchase and shall be made according tothe table published by the Bank.
Five-years Certificate (Tomouh)
BENEFITS:
v 5-years fixed interest rate certificate
v Interest Payment Frequency Interest Rates
v Monthly 9.50%
v Quarterly 9.65%
v Semi-Annually 9.75%
v Annually 10.00%
v The certificate shallbe issued in the individual of EGP 1000 and its multiples.
v Issued for naturalpersons and allowed to minors in their names under guardianship legallynominated person.
v The holder of certificateis allowed to take out a loan with a lending rate up to 90% of the nominalvalue of certificate as a guarantee and with a debit return minimum 2% abovethe certificate's price.
v Interest rates arecalculated as of the day of purchase.