Banque Misr is introducing special dollar savings certificates for a duration of three years, offering the highest interest rate paid in advance, with a cumulative return of 27%. These certificates are named "Al-Qema" and "Elite."

This initiative stems from Banque Misr's unwavering commitment to meeting the diverse needs of its customers and continually developing new offerings to suit those needs. As part of the bank's ongoing efforts to enhance its savings products, Banque Misr is launching the "Al Qimma and Elite" savings certificates in US dollars, available at its branches starting from Wednesday, July 26, 2023.

The "Al-Qema" certificate boasts an annual return of 9%. It is available to both Egyptians and foreigners and comes in denominations of 1000 US dollars and its multiples. The return is paid in advance for the three-year period, amounting to a cumulative 27% in Egyptian pounds. The issuance date marks the starting point for return and redemption. The certificates can be redeemed in US dollars, subject to the terms and conditions governing these certificates.

On the other hand, the "Elite" certificate offers a 7% annual return and is also available to Egyptians and foreigners in denominations of 1000 US dollars and its multiples. Like the Summit certificate, the return begins from the next working day of deposit, and it is paid quarterly in US dollars, adhering to the applicable terms and conditions. Holders of the Elite certificate have the additional benefit of borrowing in Egyptian pounds, up to 50% of the certificate's redemption value, with a maximum of 10 million pounds. Similar to the Summit certificate, the Elite certificates can also be redeemed in US dollars according to the terms and conditions governing them.

Customers, whether Egyptians or non-Egyptians, can purchase these certificates through various channels, including the bank's website, Internet banking (BM Online), Banque Misr branches within and outside Egypt, as well as the ATM network. The certificates can be redeemed after 6 months, following distinct redemption rules that apply to each type of certificate. Importantly, the Central Bank of Egypt ensures that certificate holders have the right to transfer refund and return amounts to their accounts outside Egypt, if requested, without any maximum transfer limit, and with exemption from some account fees.

The launch of these certificates aligns with Banque Misr's comprehensive marketing plans, aimed at attracting new customers and expanding its market share. The bank continuously strives to cater to various customer needs through a wide range of banking products and services, while maintaining the highest standard of customer service and leveraging cutting-edge banking technologies.