#interest
The Commercial International Bank (CIB), one of Egypt's leading private banks, has introduced on 3 August a high-yielding, one-year USD-denominated certificate of deposit (CD) with a monthly interest rate of six percent. According to the bank's website, the minimum investment amount for these new CDs is USD 10,000 (EGP 309,461), and customers have the flexibility to redeem them at their convenience. State-owned National Bank of Egypt (NBE) and Banque Misr issued four CDs with a three-year maturity, denominated in US…
