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Banks offer savings certificates with different terms to customers, and different interest-disbursing periodicals, and they work to provide a distinct return on savings certificates with fixed terms to customers in order to motivate them to save and obtain a rewarding return.
The bank allows new customers with the issuance of a savings certificate to open a savings account in the bank with the aim of depositing its return on a regular basis in the account, as well as issuing a direct debit card to deal with withdrawals and deposits on ATMs, and providing a credit card with a guarantee of a percentage of the certificate’s balance for purchase or electronic installment of its purchases If the customer agrees.
The bank also allows new or existing customers, after issuing the certificate, the ability to subscribe to the internet and mobile banking service for free, to deal with its certificate electronically.
The financial world portal reviews in the following video graph the highest interest offered on saving certificates in 7 banks:
1- The National Bank of Egypt
Offers the Certificate (Platinum) 3 years at an interest rate of 11% annually
The proceeds are divided to be disbursed every month.
2- Banque Misr:
Sells Certificate (Top) at an interest rate of 11% per annum to the monthly return periodicity.
3- Egyptian Agricultural Bank:
It offers a (harvest) certificate at an interest rate of 11% per annum with a monthly return.
4- The real estate bank:
Offers a certificate with an interest rate of 11% per annum for the monthly return
and 11.25% per annum for the quarterly return.
5- Arab African International Bank:
Interest ranges from 10.5% per annum to the monthly return periodic
and 10.75% p.a. on a periodic quarterly return
and 10.8750% p.a. on a semi-annual periodic return
and 11% per annum on the annual return periodic.
6- Housing and Development Bank:
It offers a 3-year reconstruction certificate with an annual return ranging from 10.50% annually to a periodic monthly return.
and 10.75% per annum for the quarterly periodic return,
And 11.25% per annum for the semi-annual periodic return.
7- Cairo Bank:
The interest rate ranges between 10.25% per annum on the periodicity of the monthly return,
and 10.5% p.a. on a periodic quarterly return.
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