The Commercial International Bank announced, CIB . Bankregarding offering different savings certificates, whether with fixed interest, which are for a period of 3 years, 5 years, 7 years and 10 years, or certificates that have a variable return over a period of 3 years, while the interest rate on these certificates varies according to the periodicity of the return, which is monthly or quarterly. or semi-annual.
Details of interest rates on CIB bank certificates:
3-year certification:
The interest rate ranges between 9.5% annually for a monthly return, 9.75% for a return every 3 months, and 10% for an annual return.
5-year certification:
The interest rate ranges between 10% annually, monthly return, 10.25% return every 3 months, and 10.5% return every 6 months.
7-year certificate:
The interest is paid on a monthly basis, 10.5% annually.
10-year certification:
The interest rate is 11% and the interest is paid monthly.
3-year certification:
The interest rate is less than 0.75%, and it has a variable return on the interest rate of depositing in the Central Bank, and it is currently recorded at 8.5% annually, and the return is paid for a month.
The Commercial International Bank, CIB, also allows the purchase of certificates for the fixed return from the first thousand pounds and its multiples, as for the variable return, it starts from 6000 pounds as a minimum and doubles one thousand pounds.
In another context, the Central Bank of Egypt announced, during the month of March, that it would raise the interest rate by 1% National Bank of EgyptAndEgypt Bank Offering a savings certificate with an interest of 18% annually, for a period of one year, and the return is paid on a monthly basis.