National Bank of Egypt increases interest rates for certificates in 2024 ...Egypt

EGYPT INDEPENDENT - Economy

The National Bank of Egypt (NBE) has adjusted the return on the Platinum Savings Certificate with a variable return, in line with the recent Central Bank of Egypt’s decision to raise interest rates. The change in the return rate on the NBE certificates of deposit came on Sunday, with the previous interest rate of 19.5 percent rising to 21.5 percent – a two percent increase. The platinum certificate with the variable return is the most closely linked to CBE’s decision due to its connection to the CBE’s deposit rate. Platinum Variable Interest certificate: The savings period for this certificate is up to three years. The triple savings certificate with a monthly return is characterized by hav

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Last updated : 07 February 2024 clock 10:52 AM

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National Bank of Egypt increases interest rates for certificates in 2024 ...Egypt

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