National Bank of Egypt issues new 3-year-maturity saving certificates with 17.25% annual yield

Doaa A.Moneim , Thursday 27 Oct 2022

The National Bank of Egypt (NBE) issued on Thursday a three-year-maturity platinum saving certificate with an annual yield of 17.25 percent.



The NBE also raised the annual yield of current three-year-maturity saving certificates to 16 percent up from 14 percent for new and automatically-renewed ones.

Moreover, the bank raised the interest for the quarterly maturity of these certificates to 16.25 percent and thir half-year maturity to 16.50 percent.

The NBE's announcements followed the Thursday decision by the Central Bank of Egypt to raise the key interest rates by two percent (200 bps).

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