Editor-in-Chief Mohamed Salah
Central Bank of EgyptDo the maths with Banky
Compute the total return and profit on a savings certificate, by payout.
Total profit: 66,000 EGP
| Period | Balance | Period profit | Cumulative |
|---|---|---|---|
| Year 1 | 122,000 | 22,000 | 22,000 |
| Year 2 | 144,000 | 22,000 | 44,000 |
| Year 3 | 166,000 | 22,000 | 66,000 |
Results are estimates for guidance only and may differ from a bank's actual offer.
شهادة ميد بلس الثلاثية ذات العائد المتغير بالجنية المصري ميد بنك
شهادات الايداع المتغيرة البنك العربي الافريقي الدوليCompute a certificate of deposit's return from amount, term, annual rate and payout frequency — monthly, quarterly or at maturity.
Upfront or at-maturity payout on a certificate longer than a year is quoted as a total over the whole term — compare certificates on the same payout frequency and term.
Fixed-rate certificates keep their rate to maturity regardless of market moves; variable-rate ones track the corridor rate.
Banks quote cumulative certificates in different ways: a yearly rate compounded monthly, semi-annually or annually, a total over the term, or a redemption value such as 160%. Banky turns them all into the one figure you actually receive — the total over the term — and divides it by the years for the «average annual profit rate», the same unit as a periodic payout. Example: 160% over 3 years = a 60% total = 20% a year on average, above an 18% monthly certificate (60,000 against 54,000 on every 100,000). An upfront 40% over 3 years averages 13.33% a year, all paid on day one.
Most certificates allow redemption after six months per a schedule that reduces the return — terms differ by bank, so review before buying.
