My search for a certificate with a given term and payout came back empty: why? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

My search for a certificate with a given term and payout came back empty: why?

Asked by Banky team 2 weeks ago 1 views
Banky team Reviewed editorial answer

البحث رجع فاضي، ومش عارف أغيّر إيه.

If you searched for a certificate at a specific amount, term and payout and got no results, there are several possible reasons. Sometimes no product with that term and payout exists in the list you are searching; certificates, for example, usually run for several years, three being common, so shorter terms may not exist as certificates. Sometimes products exist but the amount is outside their tiers or below the published minimum. And sometimes figures are missing or their basis is unclear, so they are left out of the comparison. An empty result means the source you searched found nothing, not that the whole market has nothing. If you want to see options, consider changing something yourself: the term, the product type (time deposits run up to about two years), the payout frequency or the amount; bear in mind that each change alters something in your plan, such as when your money comes back or when the return reaches you. You can also ask the bank directly which terms and payouts it offers.

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