Saib issues new USD Diamond time deposit with 5.3 % interest rate

Societe Arabe Internationale De Banque (SAIB) announced launching a new USD Diamond Time Deposit with annual yield of 5.3% for short-term investment or a long-term one.

Diamond Time deposits are available for individuals and corporate customers with a minimum amount of $500 for 3 years with fixed interest.

Saib has also recently issued a new a three-year-maturity saving certificate named Crystal with an annual yield of 17.25 percent and different interest frequency.

Crystal Certificates are issued with minimum amount of EGP 5000 and its multiples with no limit and available to individual customers only.

The yield is calculated annually and from the beginning of the day following the date of purchasing the certificate. The certificate can be purchased in Egyptian pounds. It is also allowed to redeem the value of the certificate after 6 months from the date of issuance, according to the bank’s redemption schedule.