The monthly income of the National Bank and the current account in 2022 and examples of it, you can now learn more about it through the EgyPress website, because the monthly income of the National Bank is the monetary value that is obtained against deposits in the bank and is used for certain project funds, so customers are entitled to a percentage A certain amount of earnings every month, and today in our topic we will discuss the most important information related to the income of the national bank account.
Monthly benefits of the National Bank of Egypt
Banks provide customers with many certificates and financial accounts, and before discussing these advantages, we will answer an important question that most customers ask, which is how to calculate the interest that will be earned based on the deposit amount, and this is a very short calculation method:
The customer must first determine the amount deposited in the National Bank of Egypt or any other bank.
The value added interest must be confirmed and converted with a percentage sign.
The interest must be multiplied by the amount deposited to get the profit.
An example of the benefits of 100,000 pounds in Al-Ahly Bank 2022
If the deposited amount does not exceed EGP 100,000, the interest rate will be 15.75%, so it will be calculated as follows: 100,000 * 15.75 = 15,750 EGP for the whole year.
Dear reader, please note that you can withdraw the amount from this interest every month, and if the interest earned every year is distributed over the months of the year, you will get 1312.5 pounds per month.
The benefits of the current account with the National Bank of Egypt in 2022
The National Bank of Egypt grants more than one account for an existing customer, know that the bank allows opening accounts with a minimum of 100 Egyptian pounds to 2001 Egyptian pounds, and the bank offers four types of savings accounts to suit different customer groups, namely:
((Regular Savings Account, Small Bonus Savings Account, Future Savings Account, Retirement Savings Account)).
Based on the wishes of many followers, we will provide you with the most important information about these accounts and the most important documents required to open these accounts:
1- Standard savings account
The account is opened for Egyptians or foreigners residing in Egypt, but the conditions include that the account holder is over 21 years old and has submitted all required documents, including the foreigner’s passport or identity number and a copy of the birth certificate.
The minimum amount to open the account is one thousand pounds, and the minimum interest calculation is three thousand pounds. In the absence of such an amount, no calculation will be made, and the value of the monthly or annual return for the account is as follows:
From 3001 EGP to 5000 EGP: The interest value ranges between 3.55% of the monthly income, 3.60% of the quarterly income, 3.65% of the semi-annual income, and 3.75% of the annual income.
From EGP 5001 to EGP 100,000: The interest value ranges between 4.3% of the monthly rate of return, 4.35% of the quarterly rate of return, 4.4% of the semi-annual rate of return, and 4.5% of the annual rate of return. .
From 100,000 pounds to 500,000 pounds: the interest value ranges between 5% of the monthly rate of return, 5.1% of the quarterly rate of return, 5.15% of the semi-annual rate of return, and 5.25% of the annual rate of return.
2- Small savings account
This account is for Egyptians and minors only. The meaning of a minor is a person under the guardianship of a parent or guardian. For the most important documents required, ID is a copy of ID card, passport and copy of birth proof.
The minimum amount to open the account is between 1,000 Egyptian pounds and more than 3,000 Egyptian pounds, and this amount does not exceed, but no interest is charged, and the value of the monthly or annual return for the account is as follows:
For accounts ranging from EGP 3,001 to EGP 30,000, the annual interest is 6%.
For accounts from 30 thousand pounds to 50 thousand pounds, the annual interest is 5%.
For accounts from 50,000 pounds to 100,000 pounds, the annual interest amount is up to 4.25%.
Accounts starting at 100,000 EGP have an annual interest value of 3.75%.
3- Future savings account for youth
This account is suitable for clients between 16 and 50 years old. For the most important documents required to open a copy of the national identity or passport and a copy of the birth certificate of the minor, the minimum required to open an account is 500 Egyptian pounds, and the minimum interest account if the limit is more than 3000 Egyptian pounds, no interest will be charged.
Know that the bank exempts customers from any account opening fees, and the bank provides quarterly account statements and administrative fees, all to support young people and encourage them to save, as well as monthly, annual, quarterly and half-annual interest value as follows:
Accounts from EGP 3001 to EGP 100,000: The interest value ranges from 3.55% of the monthly profit, 3.6% of the quarterly profit, 3.65% of the half-year profit and 3.75% of the annual profit.
Accounts range from EGP 100,000 to EGP 500,000: the interest value ranges from 4.3% of the monthly return, 4.35% of the quarterly return, 4.4% of the half-year return, and 4.5% of the annual return.
It starts with an account of more than 1 million pounds: the amount of interest is 5.25% of monthly income, 5.3% of quarterly income, 5.35% of semi-annual income, and 5.5% of annual income.
Therefore, in addition to the monthly, quarterly, semi-annual and annual interest of the National Bank for each account, we also cover most of the accounts offered by the bank.
The interest rate for the National Bank certificate today
The National Bank of Egypt has deposits of many banks, and the interest rates on them are different, and due to the issuance of the monthly interest rate of the National Bank, we will deal with the most important National Bank deposits with the value of your interest. Deposit for 7 days and less than 15 days and interest is 25%
For deposits with a term of more than 15 days and less than one month, the interest is 75%.
If the deposit lasts for a month or more and less than two months, the interest on the deposit is 50%
For deposits with a term of more than three months and less than six months, the interest is equal to 75%.
If the deposit lasts for six months in a year or less, the interest is 9%.
For deposits with a deposit period of 1 year and less than 2 years, the interest is equal to 9%.
The term of the deposit is three years and less than four years, and the interest is 25%.
For deposits with a term of more than four years and less than five years, the interest is equal to 50%.
The term of the deposit is five years and less than six years, and the interest is 50%.
If the term of the deposit is six years or more and the term is less than seven years, the interest is equal to 50%.
