Al Baraka Bank Egypt offers 3-year variable-rate CDs at 19%

Updated 4/6/2023 8:22:00 AM
Al Baraka Bank Egypt offers 3-year variable-rate CDs at 19%

Arab Finance: Al Baraka Bank Egypt has offered the Diamond Plus certificate of deposit (CD) for sale, with an annual variable return of no less than 19%, the bank announced on April 5th.

The minimum purchase amount of the CD is EGP 1,000 with return disbursed monthly.

On April 2nd, state-run banks the National Bank of Egypt (NBE) and Banque Misr have started selling a new three-year CD at an annual interest rate of 22% to be paid in the first year, 18% for the second year, and 16% for the third one.

Commercial International Bank (CIB) has recently issued the three-year Wealth certificate of deposit (CD) with a fixed monthly interest rate of 22%.

 

 

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