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Source:
الوطن
Ways for pensioners to boost income from banks
The article discusses how pensioners can obtain an additional monthly income through financial tools offered by Egyptian banks, aimed at increasing their income and covering expenses. It explains that the most prominent of these tools are savings certificates with monthly returns, where some banks offer certificates with a fixed return such as the "Qimah" certificate at 17.75%, as well as decreasing return certificates. In addition, there are savings accounts that provide periodic interest, and investment funds that invest in fixed-income instruments to generate a steady monthly income. The article also includes important tips before investing, such as setting aside an emergency fund, comparing the terms of returns and investment durations, and diversifying investments to reduce risks. Examples illustrate that investing 100,000 EGP in a certificate with a 17.75% fixed return can generate approximately 1,479 EGP in monthly additional income.
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