Agricultural Bank Of Egypt Launches 3-Year Savings Certificate With Returns Of Up To 16.5%

(MENAFN- Daily News Egypt) The Agricultural Bank of Egypt (ABE) has launched a new three-year savings certificate as part of its portfolio of savings products, aimed at providing safe and guaranteed investment instruments with competitive returns that cater to the needs of different customer segments.

The certificate offers a fixed return throughout its three-year term, with flexible options for receiving the yield.

Customers can obtain an annual return of up to 16.5% paid annually, or 16.25% paid monthly, allowing savers to choose the payout frequency that best suits their financial needs.

The certificate is available for purchase starting from EGP 1,000 and in multiples thereof, making it accessible to a broad range of customers seeking to begin saving with relatively modest amounts.

Holders of the certificate can also borrow up to 90% of its value, providing additional liquidity without the need to redeem the certificate before maturity.

The three-year instrument offers a fixed return throughout the investment period and is exempt from taxes, enhancing its appeal as a stable and secure savings option.

Customers can purchase the certificate through ABE's network of more than 1,100 branches nationwide, facilitating access to banking services across Egypt's various governorates.

The launch of the new certificate forms part of the bank's strategy to expand its range of savings and financial products tailored to different customer segments, including individuals, farmers and small business owners, while reinforcing its role in providing reliable financial solutions that help customers manage and grow their savings.

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