ZAWYA: Egypt's CIB launches three-year certificates with competitive fixed, variable returns
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The Commercial International Bank (CIB) has launched a new suite of three-year savings certificates with competitive returns. The fixed-rate certificate offers an annual return of 17.5% with monthly payouts, requiring a minimum subscription of EGP 50,000. A daily variable-rate certificate provides returns up to 19.25%, linked to the Central Bank of Egypt's corridor rate, with a minimum of EGP 1,000. Additionally, a monthly variable certificate offers 19.5% returns, also with a minimum of EGP 1,000. Flexible redemption options are available for variable-rate certificates after six months, with decreasing early redemption fees.
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