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مصراوي
Interest rates hit 19.5 percent on bank certificates
Interest rates on savings certificates at National Bank of Egypt and Bank of Egypt have risen following the Central Bank of Egypt's decision to keep the interest rate unchanged at 19% for deposits and 20% for loans, in an effort to combat inflation and stimulate savings. At the National Bank, the return rates on its three-year variable certificate reach up to 19.5% per month, while its fixed platinum certificate offers an annual return of 17.5%, with a minimum purchase of 1,000 EGP. Meanwhile, Bank of Egypt offers three-year variable-rate certificates up to 19.25% annually, along with various certificates with monthly yields ranging from 16.25% to 17.50%.
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