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الوطن
Four banks launch new savings certificates
Egyptian banks are launching four new savings certificates with fixed and variable returns, aimed at meeting customer needs and promoting a savings culture. These certificates include: "Mid Plus" from MedBank with a return of up to 19.65% paid monthly after a 6-month waiting period; "Al-Safwa" from Kuwait Finance House – Egypt offering an 18.50% annual return for three years, with the possibility of redemption after 6 months; "First Plus" from QNB Egypt providing a fixed 18% return paid monthly over three years; and "Al-Masiyah" from Housing and Development Bank featuring a fixed 17.50% return for three years, with redemption available after 6 months. Additionally, the government-owned bank has increased the interest rate on its "Al-Masiyah" certificate to support savings and strengthen financial stability.
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