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Egyptian National Bank announces quinquennial certificate offering with returns up to 14.25% monthly
The National Bank of Egypt announced the issuance of a new five-year savings certificate, offering a fixed annual return of 14.25% paid monthly. The interest starts accruing from the month following the purchase. The minimum investment amount is 1,000 Egyptian pounds, with increments thereof. The certificate also includes credit features that allow customers to borrow against it and to issue credit cards. However, early redemption is prohibited within the first six months from the date of issuance.
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