difference between platinum and five-year certificate from nbe

 

difference between platinum and five-year certificate from nbe

 

Many customers are confused about the choice between the different types of certificates, especially when some of the characteristics and features of these certificates are similar. For this reason, the Banks News website has made a comparison between these types, and in this topic we will present a comparison between the platinum certificate (3 years), and the five-year certificate. monthly return.

The advantages of the five-year certificate with a monthly return

 

1. The certificate period is 5 years.
2. The minimum purchase amount is 1000 EGP and its multiples.
3. A fixed return on the certificate of 11% (monthly return in Egyptian pounds), and the return is calculated from the month following the month of purchase.

Other features of the certificate:

•  The customer can request a loan with the guarantee of the certificate (according to the applicable bank laws), from any branch of Ahli Bank.
• The possibility of issuing a credit card (all types), with the guarantee of the certificate.

Conditions for redeeming the value of the five-year certificate

•  It is not allowed to redeem the value of the certificate before the lapse of 6 months from the date of the business day following its purchase.
• It is allowed to redeem the value of the certificate before the end of its term, but a different percentage of the return is deducted or calculated, which the bank determines in accordance with the announced rules and conditions. 
• Finally, the full value of the nominal certificate can be redeemed at the end of its term.

The advantages of the Platinum Certificate (with monthly and quarterly returns) 

1. The duration of the certificate is 3 years.
2. The minimum purchase amount is 1000 EGP and its multiples.
3.  A monthly return of 12%, and also a return every 3 months of 12.25% (fixed return).
4.  The return is calculated from the next working day from the day of purchase.

Other features of the certificate: 

• The customer can request a loan with the guarantee of the certificate (according to the applicable bank laws), from any branch of the National Bank. 
• The possibility of issuing a credit card (all types), with the guarantee of the certificate.

Conditions for redeeming the value of the platinum certificate 

•  It is not allowed to redeem the value of the certificate before the lapse of 6 months from the date of the business day following its purchase.
• It is allowed to redeem the value of the certificate before the end of its term, but a different percentage of the return is deducted or calculated, which the bank determines in accordance with the announced rules and conditions.
• Finally, the full value of the nominal certificate can be redeemed at the end of its term.

 

Additional information about bank certificates 

Bank certificates are investment certificates that are paper to prove the depositor's right to the amount paid to the bank. Investment certificates are subject to different laws in accordance with the provisions of each bank.

Types of savings certificates 

•  Triple certificates "with semi-annual return". 
• Five-year certificates with annual returns. 
• Certificates with a monthly return for 5 years. 
• Certificates with a monthly return for 7 years. 
• Certificates with a variable return (monthly/quarterly/semi-annual) for a period of 3 years. 
• Certificates of Excellence, Goodwill Certificates, and Warranty Certificates.
•  Dollar certificates, euro certificates and sterling certificates. 
• Dollar certificates of goodwill. 
• Certificates of Islamic transactions with a quarterly return. 
• Certificates of Islamic transactions with a monthly return. 
• Certificates of goodness for Islamic transactions with a return (monthly / quarterly).

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