Saving Pools
Annual Certificate with the LE
quadruple certificate,
1.
The duration of the certificate is 4 years.
2.
The certificate is issued in the
denomination of LE5000 up to LE500, 000.
3.
The purchase can be made by peronne
naturaelle or personne morale, whether an Egyptian, an Arab, or
foreigner with no maximum limit.
4.
The interest is accrued quarterly, under
account, and is reported periodically. A final settlement of the
interest is done according to the actual results of the bank
activities.
5.
The certificate may only be redeemed six
months after it goes into effect (the issuance month). Upon its
redemption, the interest is accrued according to the term between
the date of its issuance and the date of its redemption (in full
months) and according to the actual results of the bank
activities, to the equivalent of 95% of the interest distributed
for fixed-time investment accounts (of the same term).
6.
The purchase can be made in the name of
others or in the name of minors, according to related regulations.
7.
A half-annual draw is made on an Umrah
prize in June and December every year among holders of
certificates to the effect of LE5000 or its increments, provided
that a full year has passed since the issuance month (the month
following the purchase date) at the time of the draw.
8.
Certificate purchasers enjoy tax exemptions
stated by related laws.
9.
The certificate can be deposited at the
back without incurring any financial charges on the part of the
purchaser.
10.
The paid interest can be added to current,
or investment accounts, or to Saving books according to the
purchaser’s desire.
11.
A semi-yearly draw is made on an ART among
holders of certificates to the effect of LE20, 000 or more. The
prize is an annual subscription to the Basic Group of channels.
12.
Certificate holders are allowed financing
against their certificates.
GO For Gold… Go For E.S.F.B.
