The Commercial International Bank (CIB) has announced an increase in the interest rate on triple savings certificates by 22% in order to disburse the monthly return. The minimum amount for issuing this certificate is 5 million pounds, and there are other savings certificates with a return of 21%, with a minimum amount of 1 million pounds, and at the end In our place, we will provide you with everything related to the CIB Bank certificate, as well as the different types of certificates.
CIB Bank Certificate 2024
CIB Bank provides certificates with a variable return, which are issued in Egyptian pounds. The duration of this certificate is three years, with a minimum of 3,000 pounds or more.
The interest rate is changed by changing the deposit rate and also the discount announced by the Central Bank.
Types of CIB certificates
CIB Bank offers other triple certificates, including:
- It offers a triple certificate with a return of 21%. The minimum certificate issuance is one million pounds.
- The bank also offers a certificate starting from 100 thousand pounds and above, and the return of this certificate is 20% per month.
- He also provided certificates with a fixed return in Egyptian pounds for a period of (3, 5, 7, and 10) years, and interest payment periodicities on a monthly, quarterly, semi-annual, or annual basis from the date of issuance.
- Certificates with a variable return in Egyptian pounds
The duration of the certificate is three years, and the minimum amount to purchase this certificate is 3,000 pounds or more.
- Certificates with a cumulative return in Egyptian pounds. The duration of this certificate is from 3 to 5 years. The minimum purchase amount is five thousand pounds or more. The return is calculated and disbursed from the date of issuance.
The interest rates change with the change in the deposit rate, as well as the discount announced by the Central Bank. If the day of the return maturity comes and it falls on an official holiday, the weekly and official holiday days are added to the days of the month in order to calculate the return, and at the end of the certificate maturity, the settlement is made.
Savings certificates in foreign currency
The deposit period can be chosen, whether three years, five years, or seven years.
- The duration of fixed certificates is 3 years in euros, and the minimum amount to purchase a certificate is 1000 euros or more in euros or US dollars.
- There is a three-year certificate in Saudi riyals, Qatari riyals, or UAE dirhams, with a minimum purchase of 5,000 or more, and it is offered to customers and individuals from various companies.
2024-01-21 19:16:52
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