NBE offers 3-year USD-saving certificates

Updated 7/25/2023 1:35:00 PM
NBE offers 3-year USD-saving certificates

Arab Finance: National Bank of Egypt (NBE) will offer new three-year certificates of deposit (CDs), Al Ahly Fawran and Al Ahly Plus, in US dollars, starting Wednesday, July 26th, the lender announced on July 25th.

Al Ahly Fawran CD is offered at a minimum purchase amount of $1000 and its multiples, with an annual yield of 9%.

The CDs’ return is disbursed in advance for the three years in Egyptian pound at an accumulative rate of 27%.

Al Ahly Plus CD is also offered at a minimum purchase amount of $1000 and its multiples, with a return of 7% annually that is paid quarterly in US dollars.

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