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Banque Misr Interest On Certificates 2022

The interest of Banque Misr on certificates 2022 is not fixed, depending on the interest charges in the new calendar year, as banks compete for the best interest rates to attract customers, and the interest rate is determined according to the need for financial liquidity or the desire to maintain customers for fear of transferring them to other banks, Therefore, the benefits are similar between Egyptian banks, so we explain through the money makers the benefit of Banque Misr on certificates 2022.




Banque Misr interest on certificates 2022

Banque Misr is one of the most important Egyptian and international banks, which was established in 1920 AD. The founder of Banque Misr is Talaat Harb. The establishment of the bank was based on the desire to invest the individual’s money in the economic and social growth of the country. The bank, from its inception until 1960, established many different companies.


The founder of the bank, Talaat Harb, established the bank with the desire to raise the country's economy, after the British occupation of Egypt and the deterioration of the economic conditions of the Arab Republic of Egypt, and Banque Misr is one of the banks that began to increase the protection of electronic payment cards.


According to the importance of Banque Misr, it is one of the banks that always prices to meet the needs of the customer, through the development of many services, in addition to strengthening the technology of the bank to facilitate banking transactions for the customer.


The bank contains about 700 branches throughout the Arab Republic, in addition to 18,000 employees in all branches, and there are 5 branches of Banque Misr in the Arab Emirates, France, Lebanon, and Germany. Therefore, below we explain the benefit of Banque Misr on certificates 2022:


1- The summit certificate with a monthly return

Within the scope of talking about the benefit of Banque Misr on certificates 2022, we make it clear that the summit certificate with a monthly return is one of the most important certificates of an Egyptian bank and is characterized by the following:

  • The certificate of the summit is obtained by natural persons.
  • The minimum purchase of the summit certificate is 1000 Egyptian pounds.
  • The term of the certificate is up to three years.
  • The interest is fixed monthly at 11%.
  • The ability to retrieve the certificate or part of it after six months from the date of issuance of the certificate.
  • The ability to borrow the client with the guarantee of the summit certificate.


2- Fixed-return savings certificate 5 years

The second type of Egyptian bank certificate, as this includes talking about the interest of the Bank of Egypt on the 2022 certificates. Among the advantages of the savings certificate are the following:

  • The certificate is issued to natural persons only.
  • The term of the savings certificate is up to five years.
  • The minimum purchase of a savings certificate from Banque Misr is 1200 Egyptian pounds.
  • The ability to retrieve the certificate or part of it after six months from the date of issuance of the certificate.
  • The interest is fixed monthly at 9%.


3- The triple certificate with a variable return per month

The third type of Egyptian bank certificate, the prices of which are applied from January 1, 2022, and the most important details of which are the following:

  • The certificate is issued to natural persons only.
  • The term of the certificate is up to three years.
  • The triple certificate is not renewable.
  • The interest varies daily.
  • Interest is paid monthly.
  • The minimum purchase amount for the triple certificate is 500 Egyptian pounds.
  • The ability to retrieve the certificate or part of it after six months from the date of issuance of the certificate.


4- The triple certificate with variable return quarterly

To continue the discussion about Banque Misr’s interest in certificates 2022, we explain the triple certificate with variable return as follows:

  • The certificate is issued to natural persons only.
  • The term of the certificate is up to three years.
  • The certificate is renewable.
  • The interest is paid quarterly.
  • The triple certificate interest rate is an 8.50% variable.
  • The minimum amount to open the triple certificate is 1000 Egyptian pounds.
  • The ability of the holder of the triple certificate to borrow against the guarantee of the certificate.
  • The ability to retrieve the certificate or part of it after six months from the date of issuance of the certificate.
  • The ability to borrow with the guarantee of the triple certificate.
  • Read also:  The benefits of the National Bank of Egypt and the factors that determine the price of each interest


5- 5 year fixed annual return certificates

This certificate is among the certificates of Banque Misr with a fixed annual return, and the most important details of it are the following:

  • The certificate is issued to natural persons only.
  • The term of the certificate is up to five years.
  • Annual return certificates are renewable.
  • The interest is paid annually.
  • The interest rate is 9.50% per annum.
  • The minimum amount to open annual return certificates is 1000 Egyptian pounds.
  • The ability to retrieve the certificate or part of it after six months from the date of issuance of the certificate.


6- Certificates of fixed monthly return for 7 years

Among the talk about Banque Misr’s interest on certificates 2022, we explain that the monthly return certificates are characterized by obtaining a fixed interest per month in addition to several advantages that we explain in the following points:

  • The certificate is issued to natural persons only.
  • The term of the certificate is up to seven years.
  • Annual return certificates are renewable.
  • The leader is paid monthly.
  • The interest rate is 9.75% per month.
  • Minimum monthly return certificates 750 EGP.


7- Selection certificates with a cumulative return of 5 years

Within the scope of talking about the interest of Banque Misr in the 2022 certificates, we explain the most important features in the selection certificates with a cumulative return as follows:

  1. The certificate is issued to natural persons only.
  2. The term of the selection certificate is up to five years.
  3. Selection certificates are not renewable.
  4. The interest is paid at the end of the period due.
  5. Interest rate up to 8% compound.
  6. The minimum purchase of the selection certificates is 681 Egyptian pounds.
  7. Possibility of borrowing against the choice of certificates.
  8. The ability to redeem the certificate or part of it after 12 months from the date of issuance of the certificate.


8- Selection certificates with a cumulative return of 10 years

We explain all the details of the choice certificates with a cumulative return of up to ten years as follows:

  1. The certificate is issued to natural persons only.
  2. The term of choice certificates is up to 10 years.
  3. Selection certificates are not renewable.
  4. The interest is paid at the end of the period due.
  5. The interest rate is 8.25% compound.
  6. The minimum purchase of the selection certificates is 453 Egyptian pounds.
  7. Possibility of borrowing against the choice of certificates.


9- Egyptian security certificate

This savings certificate was issued within the financial inclusion initiative, and its most important details are:

  • For Egyptians from 18 years old to 58 years old.
  • The minimum purchase of an Egyptian security certificate is 500 Egyptian pounds, and the maximum is 2500 Egyptian pounds.
  • The interest on the Egyptian security certificate is up to 13%.
  • The interest rate describes the end of the term of the certificate due.
  • Exemption from all certification fees.
  • It is not permissible to borrow against the security of the Egyptian security certificate.
  • The Egyptian security certificate is renewable for two periods only.
  • The term of the certificate is up to three years.


Conditions for Banque Misr savings certificates

To complement the discussion about Banque Misr’s interest in certificates 2022, we put in the following points the most important conditions that must be met to obtain Banque Misr savings certificates, and among those conditions are the following:

  1. The purchase of Banque Misr certificates is limited to natural persons only.
  2. The interest rate established by Banque Misr is placed on all savings certificates.
  3. The ability of the customer to redeem the certificate or part of it depends on the minimum certificate issuance category.
  4. Certificates are nominal in the sense that they may not be circulated and their data shared between persons.
  5. The ability to purchase Banque Misr certificates in the names of other people according to the instructions of the bank.
  6. The dues for purchasing a savings certificate are calculated from the current account and the interest is automatically transferred to the customer's personal current account.
  7. The date of purchase of the certificate from which the due period is calculated.
  8. If the customer redeems the certificate before the due date, the interest is calculated according to Banque Misr redemption rules.
  9. The ability to borrow with the guarantee of a Banque Misr savings certificate.