Arab Finance: Commercial International Bank (CIB) has halted the sale of the three-year Wealth certificate of deposit (CD) with a fixed monthly interest rate of 22%, and has issued new three fixed-rate savings certificates, according to the bank’s website.

The newly offered certificates are the three-year Premium CD with an annual fixed interest rate of 20%, the three-year Plus CD with an annual fixed yield of 19%, and the three-year fixed Prime CD with an annual fixed interest rate of 18%.

The minimum booking value for purchasing the Premium CD is EGP 1 million and multiples of EGP 1,000.

Meanwhile, the minimum booking value for purchasing the Plus CD is EGP 200,000 and multiples of EGP 1,000, and the minimum booking value for purchasing the Prime CD is EGP 10,000 and multiples of EGP 1,000.

The return of the three CDs will be monthly disbursed to their holders.

It is worth noting that CIB announced last week the issuance of the three-year 22%-return Wealth CD.

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