Egyptian safety certificate .. 4 banks reduce interest on higher-yielding certificates in the market


The National Bank of Egypt, Banque Misr, Banque du Caire, and the Egyptian Agricultural Bank have all lowered the interest on the Egyptian Safety Certificate, which has the highest yield in the market.

The banks decided to reduce interest rates from 16% annually to 13% annually, as of tomorrow, Tuesday.
The certificates continue to be bound and do not deserve to receive a return of 16%, according to their maturity date.
A safety certificate for Egyptians is issued by the four banks in the denomination of 500 pounds and its multiples, and a maximum of 2500 pounds, for a period of 3 years.
It is not permissible to borrow with the guarantee of these certificates or to issue credit cards of all kinds.
The certificate is recovered in full at the end of the period (nominal value + the remaining returns after deducting the value of the installments) and can be redeemed at any time from the date of purchase according to the customer’s desire for the value for which the certificate was purchased.

Advantages of the Egyptians Safety Certificate

The customer for whom the Egyptian Safety Certificate is issued obtains a life insurance policy with the following conditions and benefits:
A life insurance policy is provided to the customer from the age of 18 to 59 years, without a medical examination.
The monthly insurance premium is paid from the certificate return.
Compensation is due in the event of the insured’s death, with a maximum natural death of 50 thousand and death by accident of 250 thousand pounds.
The security deposit (compensation) can be paid in the event of death on a fixed-term pension.
The insurance policy lapses if the customer retrieves the certificate, or the customer reaches the age of 60.
A quarterly draw is made with 200 prizes, at a rate of 10,000 EGP net for each prize “tax free”.
It can be purchased with the Fon Cash wallet.
Issued to individuals from 18 to 59 years old.
Entities can purchase the certificate for the benefit of its employees, provided that it is not refundable within 6 years from the date of purchase.


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