المصري اليوم
المصري اليوم
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Banks are competing following the decision by the Central Bank of Egypt to keep interest rates unchanged, in order to offer high-yield savings certificates to attract deposits. Among the most prominent is the Emirates Dubai Bank certificate, which offers an upfront return of 37.5% over three years, with an accumulated annual return rate of 16.96%, and allows for withdrawal after six months. The certificate targets individuals and starts with a minimum amount of 100,000 EGP, with the option to purchase in multiples of 10,000 EGP. It provides benefits such as the upfront interest payment and a long locking period, amidst strong competition among banks to meet customer needs during the current economic conditions.
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