What is the minimum amount required to buy a savings certificate? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What is the minimum amount required to buy a savings certificate?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

The minimum differs from one bank to another and by type of certificate, but the prevailing practice in Egypt starts at EGP 1,000 and multiples of it (that is, you can buy for 1,000, 2,000, 3,000 and so on), and some certificates with an exceptional return may require a higher minimum, such as one million pounds.

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