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Egypt Post increases interest rate on savings accounts to 10.25% - Daily News Egypt

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Egypt Post increases interest rate on savings accounts to 10.25%

Total value of deposits and invested money in Egypt Post amounts to EGP 184bn


Egypt Post decided to hike its interest rate on savings accounts to 10.25% instead of 8%, in order to compete with banks that have been offering interest rates ranging from 18% to 20%, according to head of the National Post Authority Essam El-Sagheer.

El-Sagheer said that the total value of deposits and invested money in the Egypt Post amounted to EGP 184bn.

 

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https://cdn1.dailynewsegypt.com/2016/11/10/egypt-post-increases-interest-rate-saving-accounts-10-25/
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