Mashreq Egypt announced an unprecedented increase in its interest rates for the Three Years Certificate of Deposits at 11.50% per annum to be paid monthly making it the highest monthly interest return in Egypt. As an innovative medium-term investment product that offers customers a guaranteed highest return, instant total liquidity, and security of capital and source of funds.

Certificate purchasers will also benefit from an additional 1% above the basic saving rate.

With a minimum deposit of LE5, 000, possible in multiples of LE1, 000, and fixed rates of 11.50% per annum to be paid monthly or 11.65% per annum to be paid quarterly, Mashreq Certificates of Deposit will provide the customer with fixed term deposits that give peace of mind to customers, while their money accumulates.

Mashreq certificates of Deposit year allows up to 90% credit facilities to its purchasers against the certificate as well as a basic and supplementary credit card free of charge for the first year.

Certificates of Deposits are similar to savings accounts as they are insured and thus virtually risk-free. However, they are different from savings accounts as Certificate of Deposit have a specific fixed term and a fixed interest rate.

It is advised that Certificates of Deposit to be held until maturity, at which time the money may be withdrawn together with the accrued interest.