Mashreq Egypt launches a 5 year Certificate of Deposit

Mashreq Egypt, one of the region’s leading financial institutions, today announced the launch of its five years Certificate of Deposit in Egypt with a fixed interest rates of 10.35% per annum to be paid annually, 10.30% semi annually, 10.25% quarterly and 10.10% monthly.

This medium-term investment product offers customers an attractive guaranteed return considered to be one of the best rates in the market, instant liquidity, capital security and a stable source of return. Certificate holders will benefit from an additional 1% above the basic saving rate on the saving account.

“Mashreq Egypt’s five years Certificate of Deposits guarantee the highest fixed monthly, quarterly or yearly return whether you are a customer or not,” said Tareq Fawzi, Country Manager, Mashreq Egypt. “The launch of our five years Certificates of Deposits will enable customers to increase their savings in the medium-term according to their financial needs and provides them with a selection of convenient saving options at a remarkably attractive interest rate with the freedom of choice of interest frequency payment. Furthermore, the five years Certificates of Deposits is an expansion of our product line, the customer can have the flexibility to choose from our range of certificates whether for tenor of 3 or 5 years based on customer choice.”

Mashreq Egypt continues to offer its customers the three years certificate of Deposit. It increased the rates of the 3 years Certificates to be 10.25% per annum paid annually, 10.20% semi-annually, 10.15% quarterly and 10% to be paid monthly.

“With a minimum deposit of EGP 5,000 and one of the highest fixed interest rates among different frequency payment, our Certificates of Deposit will provide customers with fixed term deposits that give them peace of mind, while their wealth accumulates. In addition it reinforces our strategic approach of introducing convenient range of products to our customers,” Concluded Fawzi.

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.