Egypt’s Nasser Social Bank (NSB) has launched new certificates of deposit (CDs) that offer an annual yield of up to 20 percent, with a three-year maturity period, according to a Cabinet statement on Saturday 13/01/2024.

Additionally, NSB introduced an investment account named the “Day by Day” account, which guarantees a yearly yield of 15 percent. This new account option will be available for customers starting from Sunday.

To open an account, individuals are required to deposit a minimum of EGP 500,000 with no maximum limit imposed. Furthermore, customers can benefit from the exemption of account opening expenses within the first three months.

Nivine El-Kabbag, Minister of Social Solidarity and chairman of NSB, expressed the bank’s commitment to providing a diverse range of CDs tailored to the needs of both individuals and companies.

Source: State Information Service Egypt