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The highest interest in Egyptian banks.. How is the return on savings certificates calculated


The investor always resorts to employing his surplus funds in safe and profitable investment havens that achieve a return for him. He works to develop his financial resources, including investing in real estate or saving in banks. “Youm Seven” presents this report with details of the highest interest in Egyptian banks.

 

The National Bank of Egypt, through its network of branches and its internet banking service, offers the platinum certificate, which has a period of 3 years, at a fixed interest rate of 11% annually, and the return is paid monthly.

 

When purchasing a savings certificate of 100,000 pounds, the interest is calculated, which amounts to 11%, i.e. 11,000 pounds annually, and the amount is divided over 12 months, and therefore the monthly return is 916 pounds.

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