Global Courant 2023-05-12 12:27:29
2023 US Dollar Savings Certificates are available with different yields and different purchase limits starting at $100 per certificate.
Four Egyptian banks announced that they would raise interest rates on dollar savings bonds in mid-2023 at a high rate considered the highest in Egypt’s banking system to support the U.S. Federal Reserve’s decision to raise interest rates on the dollar. to counteract.
Dollar savings bonds, or foreign currency savings bonds in general, are bank investment certificates with medium or long-term deposits ranging from three years to seven years. The Egyptian banking sector issues a number of dollar savings bonds with a fixed periodic return.
The return varies from bank to bank and is as follows:
1-Commercial International Bank (CIB)
The CIB offers the triple savings certificate in US dollars with a yield of 5.25 percent, the highest rate for this type of certificate of any bank in Egypt.
Terms and conditions for dollar savings certificates at CIB:
Interest rate: 5.25 percent per annum. The return is paid monthly. Minimum Certificate Price: $1,000. Certificate duration: three years.
2-National Bank of Egypt (NBE)
The National Bank of Egypt offers dollar savings bonds, or as it is called, the gold certificate in US dollars, with an annual yield of up to 5.15 percent.
Conditions for dollar savings certificates at the National Bank of Egypt:
Interest rate: 65.15 percent per annum. The return is paid monthly. Certificate duration: three years. Minimum Certificate Price: $500.
3-Banque du Caire
Banque du Caire offers dollar savings bonds, or the Primo certificate in US dollars, with a yield of up to 5.15 percent per annum.
Conditions for dollar savings certificates in Banque du Caire:
Interest rate: 5.15 percent per annum. The return is paid monthly. Certificate duration: three years. Minimum certificate price: $100.
4-Banque Misr
Banque Misr issues dollar savings bonds with a yield of up to 5.15 percent per annum. For example, it is one of the four largest Egyptian banks that offer high interest on dollar savings bonds.
Conditions for dollar savings certificates in Banque Misr: Interest rate: 5.15 percent per annum. The return is paid monthly. Certificate duration: three years. Minimum certificate price: $100.
