What happens when my savings certificate reaches its maturity date? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What happens when my savings certificate reaches its maturity date?

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

If you chose automatic renewal at the time of purchase, the bank will renew the certificate for similar periods at the rate prevailing on the day of renewal.

If you chose not to renew, the principal amount will be credited to your current account or to the savings account linked to the certificate.

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