Get competitive returns with saib savings certificates
For Fixed-Return Certificates
Example:
Certificate amount: 100,000 Egyptian pounds.
Fixed return rate: 10
Annual return calculation: 100,000 × Egyptian pounds (10 = ). 10,000 Egyptian pounds.
If the return is paid quarterly, an amount of 2,500 Egyptian pounds is added to your account linked to the certificate.
For Variable-Return Certificates
Example:
Certificate amount: 100,000 Egyptian pounds.
Reference return rate: 15%.
Pricing margin set by the bank: 1.5.
Annual return calculation: 100,000 ( × 15% – 1.5 = ). 100,000 × 13.5 = . EGP 13,500
If the interest is paid quarterly, EGP 3,375 will be added to your account linked to the certificate.
Note that when the reference rate changes, the new interest rate will be applied after the interest due to the customer's account for the current disbursement period is added, in accordance with the terms of the contract between the customer and the bank.
Amount |
1,000,000 |
||
Return Rate |
20.00% |
||
Breaking the CD Penalty |
First Year (after 6 months) |
Second Year |
Third Year |
16.00% |
15.00% |
14.00% |
|
|
((Certificate Amount * Number of days elapsed in the certificate's term) / Number of days in the year) * Breaking the CD penalty |
||
Number of days elapsed |
240 |
450 |
840 |
Penalty |
105,205 |
184,932 |
322,192 |