Egypt’s SAIB bank issues savings certificates with interest rate of 15%
Published Wednesday, 08 February 2017 17:56 | Written by Mohamed Hamdy
Egypt's Societe Arab Internationale de Banque (SAIB) is issuing five-year savings certificates with an interest rate of 15 percent, with monthly revenue.
The certificates are sold in denominations of 500 Egyptian pounds ($27.6) and the interest is exempted from taxes. The revenue starts to be calculated from the next day of buying date.