Interest rates in the National Bank after the central decision

Interest rates in the National Bank

Some citizens are wondering about the interest rates in the National Bank, after the Central Bank’s decision yesterday regarding the interest rate on deposit and borrowing.

The Monetary Policy Committee of the Central Bank, in its meeting last Thursday, corresponding to September 16, 2021, had maintained the overnight deposit and lending rates.

Interest rates in the National Bank

The central bank’s main operation rate is at 8.25%, 9.25% and 8.75%, respectively. As well as maintaining the credit and discount rate at the level of 8.75%.

Deposits with diversified periodicals

Minimum deposit up to 1000 EGP

The term of the deposit is from 1 to 7 years

What are the periodicities of disbursing returns on deposits in the National Bank of Egypt?

– Urban: 3.680%

Quarterly: 3.695%

Semi-annual: 3.715%

Annual: 3.750%.

It is possible through deposits with the National Bank of Egypt to recover before the end of the period in accordance with the rules and conditions announced by the bank.

It is possible to borrow against its security according to the applicable rules.

You can invest for long-term periods with the freedom to choose the periodicity of return.

Return disbursed at the end of the term

The minimum deposit is about 1,000 EGP and 100,000 EGP for a deposit less than a month

The duration of the certificate is from one week to 7 years.

Deposit term Interest rate

7 days to 15 days 2.25%

15 days and less than a month 2.75%

1 month and less than 2 months 4.25%

2 months and less than 3 months 4.25%

3 months and less than 6 months 3.75%

6 months and less than a year 3.75%

1 year for more than 7 years 3.75%

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