Commercial International Bank (CIB) USD certificates are a suitable option for customers seeking regular income in dollars while preserving the value of their foreign-currency savings, especially with monthly payout and a range of tenors to suit different saving needs. Long-term certificates also offer a chance to lock in the return for extended periods without exposure to interest rate fluctuations.

CIB USD certificates

  • Interest rate:

    • 3-year certificate: 4.5% per year.

    • 5-year certificate: 4.25% per year.

    • 7-year certificate: 3.25% per year.

  • Payout frequency: monthly.

  • Minimum purchase: USD 1,000.

How to calculate

If a customer saves 150,000 in CIB USD certificates, they will receive:

3-year certificate

  • Annual return: 150,000 * 4.5% = USD 6,750

  • Monthly return: 6,750 / 12 = USD 560.

  • Total return at maturity: 6,750 * 3 = USD 20,250

5-year certificate:

  • Annual return: 150,000 * 4.25% = USD 6,375

  • Monthly return: 6,375 / 12 = USD 530.

  • Total return at maturity: 6,750 * 5 = USD 31,875

7-year certificate:

  • Annual return: 150,000 * 3.25% = USD 4,875

  • Monthly return: 4,875 / 12 = USD 406.

  • Total return at maturity: 6,750 * 7 = USD 34,125

Features of CIB USD certificates

  • A medium- and long-term deposit product with a tenor of 3, 5 or 7 years.

  • Offered to individual and corporate customers.

  • Full or partial early redemption is possible 6 months after issue for both fixed-rate and floating-rate certificates.

Banky's view:

CIB USD certificates are a suitable option for customers seeking regular income in dollars while preserving the value of their foreign-currency savings, especially with monthly payout and a range of tenors to suit different saving needs. Long-term certificates also offer a chance to lock in the return for extended periods without exposure to interest rate fluctuations.