Emirates Bank Egypt’s new Certificate of Deposit offerings have recently caused a stir in the financial market. By offering three new certificates of deposit with competitive yields exceeding 40.5%, the bank is demonstrating its commitment to offering a diverse range of financial products suited to its diverse customers.
Emirates NBD Egypt Savings Certificates come in several attractive options. The first certificate offered is a prepaid savings certificate offering a return of 40.5% over a three-year period, with a cumulative rate of return of 18.89% annually. The minimum amount for obtaining this certificate is LE 100,000, with multiples of LE 10,000. Additionally, clients have the opportunity to obtain a loan of up to 30% of the value of the certificate.
The bank also offers an eight-year certificate offering a variable return of 21% per year, with a minimum of LE 5,000 and multiples of LE 1,000. The return is paid monthly and is linked to the rate of return announced by the Bank central Egypt.
In addition to these two options, Emirates NBD Egypt presents a unique triple certificate with a fixed annual yield of 21% paid monthly, 21.5% paid quarterly and 22% paid annually. The minimum amount for issuing monthly and quarterly yield certificates is LE 200,000, while the minimum amount for issuing annual yield certificates is one million Egyptian pounds.
This diversity of certificates demonstrates Emirates NBD Egypt’s commitment to meeting the varied needs of its customers, by offering fixed and variable return options. This strategic approach demonstrates the bank’s desire to provide financial solutions adapted to its customers in a constantly evolving market.