Users need to commit at least EGP 1 million to lock in 20%, EGP 200,000 to access the 19% rate, and 10,000 for 18% all with monthly interest payments. The Commercial International Bank (CIB) also replaced its 22% CD with new three-year, 18-20% annual-rate certificates. The minimum amount to issue the CD is EGP 1000. United Bank Egypt also launched new CDs offering three-year sharia-compliant certificates at a variable rate of at least 19% with monthly interest payments.
The minimum amount to issue the CDs is EGP 100,000. Emirates NBD has launched three-year Certificates of Deposits (CDs), with annual rates of 18.5% (with annual interest payments), 18.25% (quarterly interest payment), or 18.00% (monthly interest payment).
