Banque du Caire offers savings certificate with interest rate of 25%

Banque du Caire has begun offering a high-yield savings certificate with an interest rate of 25 percent, to be spent annually, coinciding with the imminent withdrawal of the highest-yielding certificates offered by the National Bank of Egypt (NBE) and Banque Misr.

A customer service officer at Banque du Caire told Al-Masry Al-Youm that the bank will begin offering the service starting Monday.

The conditions are that the funds are to be spent at the end of the period, or 22.5 percent interest rate to be spent monthly.