CIB Egypt offers new savings certificates with varying interest rates

Commercial International Bank (CIB) in Egypt is offering various savings certificate options following the stabilization of interest rates. These products aim to provide secure investments with competitive returns and diverse payout frequencies.

Available options include:

• Premium Three-Year Fixed Rate Certificate: Offers an 18% annual return paid monthly, with a minimum purchase of 50,000 EGP. Partial or total redemption is permitted after six months.

• Three-Year Variable Monthly Rate Certificate: Features a variable rate set at 0.50% above the Central Bank of Egypt's overnight deposit rate, with a minimum annual return of 17.50% and a maximum of 19.50%. The minimum purchase is 1,000 EGP.

• Three-Year EveryDay Variable Rate Certificate: Provides a variable rate with daily payouts, currently at 19.25% with a minimum annual return of 17.25%. The minimum purchase requirement is 1,000 EGP.