CIB Egypt bank offers 18-month certificates of deposit at 22.5%

Commercial International Bank (CIB), one of Egypt’s largest private banks, is offering 18-month certificates of deposit at 22.5 percent annual yield, it said in a statement on Tuesday.

The bank further said that for the new CDs with a fixed return in Egyptian pounds, the interest was raised and became 20 percent paid monthly and 22.5 percent paid at maturity.

Raising interest on CIB CDs

– The minimum purchase amount for a CDs from CIB is EGP 100,000, and multiples of EGP 1,000.

– The purchase of the new CDs from CIB Egypt is available, starting January 11, in all branches nationwide.

– The purchase of the new CDs from CIB Egypt will be available through the Internet banking service and the mobile banking service.