Nasser Social Bank issues 3-year 20%-yield savings certificates

Updated 1/14/2024 8:07:00 AM
Nasser Social Bank issues 3-year 20%-yield savings certificates

Arab Finance: Nasser Social Bank (NSB) has issued new three-year certificates of deposit (CDs), with an annual yield of 20% disbursed monthly, as per a statement.

The bank has also launched an investment account with a cumulative daily return of 15% starting Sunday, January 14th, with no fees for opening the account for three months.

The minimum amount for opening this account is EGP 500,000, with no maximum limit for individuals.

Nasser Social Bank’s profits rose by 76% year on year (YoY) to EGP 3.095 billion during the elapsed fiscal year (FY) 2022/2023.

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