Arab Finance: aiBANK has launched an upfront-interest time deposit with a return of up to 15% paid in advance, with a minimum deposit of EGP 500,000 and its multiples without a maximum limit, as per an emailed press release.
The deposit comes in terms of up to 6 months, with the possibility of withdrawal at any time according to the terms and conditions.
The move is part of the bank's strategy to offer a wide range of the latest banking services in the Egyptian market, including short-term deposits.