SAIB Bank Launches New Savings Certificates Offering Returns of Up to 17.5%
SAIB Bank has introduced two new Egyptian pound-denominated savings certificates, “Excellence” and “Prime,” as part of its strategy to expand its retail banking offerings and provide customers with competitive fixed-return investment options.
New Certificates Target Different Customer Segments
The bank announced that both certificates come with a three-year tenor and are designed to cater to individuals seeking stable and predictable returns amid evolving market conditions.
Under the new offering, the “Excellence” certificate provides a fixed annual return of 17.25% with monthly payouts, or 17.5% for semi-annual disbursement. The certificate requires a minimum purchase amount of EGP 1.5 million, with denominations starting from EGP 1,000 and its multiples.
Meanwhile, the “Prime” certificate offers a fixed annual return of 17% paid monthly, or 17.25% paid semi-annually, with a significantly lower minimum subscription threshold starting from EGP 1,000.
Available Across SAIB’s Nationwide Network
The bank stated that both certificates are available through all of its 46 branches across Egypt, reinforcing its efforts to expand access to savings products tailored to different customer needs.
Customers will also be able to borrow against the certificates in accordance with the bank’s internal lending policies, while early redemption is permitted after six months from the issuance date, subject to applicable terms and conditions.
Part of a Broader Retail Banking Strategy
According to the bank, the launch reflects its ongoing strategy to diversify savings and investment solutions while attracting new customer segments through competitive yields and flexible banking products.
The move comes as Egyptian banks continue to compete aggressively in the high-yield savings market, amid sustained customer demand for fixed-income products offering stable returns.