Am I entitled to know the interest rate and change it? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Am I entitled to know the interest rate and change it?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

You have the right to know the interest rate/return and its terms, and to be notified of any changes according to the product type and contract.

Ask whether the rate is fixed or variable, and what the reference or mechanism for change is before signing.

The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting.

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