Sunday 10 January 2021
I wrote – Manal Al-Masry:
The interest on saving certificates offered by Banque Misr decreased with the beginning of the year 2021, after its decision to reduce the interest by 1% before the end of last month.
Banque Misr offers 4 types of fixed-return savings certificates with different periods and periodicals that differ from one certificate to another.
The bank allows the customer to break any type of certificate, provided that 6 months have passed since its binding.
Masrawy presents the interest details on all types of fixed-return savings certificates in Banque Misr and the periodicity of the return exchange as follows:
Top Certificate 3 years: 11% interest paid monthly.
5-year certificate: 9% interest per annum for the monthly return.
5-year certificate: The interest rate is 9.5% annually, paid annually.
7-year certificate: the interest rate is 9.75% annually, and the interest shall be paid monthly.