{"id":646190,"date":"2017-06-07T03:32:09","date_gmt":"2017-06-07T03:32:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/hsbc-hikes-interest-rates-on-short-term-deposits-variable-interest-savings-accounts\/"},"modified":"2017-06-07T03:32:09","modified_gmt":"2017-06-07T03:32:09","slug":"hsbc-hikes-interest-rates-on-short-term-deposits-variable-interest-savings-accounts","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/hsbc-hikes-interest-rates-on-short-term-deposits-variable-interest-savings-accounts\/","title":{"rendered":"HSBC hikes interest rates on short-term deposits, variable interest savings accounts"},"content":{"rendered":"

HSBC Egypt raised interest rates on its short-term deposit certificates of by 100 bps to 6.5% for one-week CDs and 10.3% on one-year CDs, Al Borsa reported on Tuesday<\/a>. Variable interest savings accounts will also now carry interest rates ranging from 3.75% to 11%, after the bank issued a 75-200 bps hike. CIB, BLOM Bank, and the National Bank of Egypt had also increased interest rates in response to the CBE<\/a>\u2019s decision to hike key rates by 200 bps last month.<\/p>\n","protected":false},"excerpt":{"rendered":"

HSBC Egypt raised interest rates on its short-term deposit certificates of by 100 bps to 6.5% for one-week CDs and 10.3% on one-year CDs, Al Borsa reported on Tuesday. Variable interest savings accounts will also now carry interest rates ranging from 3.75% to 11%, after the bank issued a 75-200 bps hike. CIB, BLOM Bank, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9298],"tags":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-646190","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"c512d756-9887-471b-b806-a92dab3d9f6d","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[646149],"teaser":"","voice_url":""},"yoast_head":"\nHSBC hikes interest rates on short-term deposits, variable interest savings accounts - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/hsbc-hikes-interest-rates-on-short-term-deposits-variable-interest-savings-accounts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HSBC hikes interest rates on short-term deposits, variable interest savings accounts\" \/>\n<meta property=\"og:description\" content=\"HSBC Egypt raised interest rates on its short-term deposit certificates of by 100 bps to 6.5% for one-week CDs and 10.3% on one-year CDs, Al Borsa reported on Tuesday. Variable interest savings accounts will also now carry interest rates ranging from 3.75% to 11%, after the bank issued a 75-200 bps hike. CIB, BLOM Bank, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/hsbc-hikes-interest-rates-on-short-term-deposits-variable-interest-savings-accounts\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-07T03:32:09+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/hsbc-hikes-interest-rates-on-short-term-deposits-variable-interest-savings-accounts\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/hsbc-hikes-interest-rates-on-short-term-deposits-variable-interest-savings-accounts\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"HSBC hikes interest rates on short-term deposits, variable interest savings accounts\",\"datePublished\":\"2017-06-07T03:32:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/hsbc-hikes-interest-rates-on-short-term-deposits-variable-interest-savings-accounts\/\"},\"wordCount\":87,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/hsbc-hikes-interest-rates-on-short-term-deposits-variable-interest-savings-accounts\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/hsbc-hikes-interest-rates-on-short-term-deposits-variable-interest-savings-accounts\/\",\"name\":\"HSBC hikes interest rates on short-term deposits, variable interest savings accounts - 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Blom Bank increased interest on short-term CDs by a maximum of 200 bps, and is studying doing the same for\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":629883,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/03\/private-sector-banks-begin-lowering-interest-rates-in-response-to-cbes-latest-rate-cut\/","url_meta":{"origin":646190,"position":3},"title":"Private sector banks begin lowering interest rates in response to CBE\u2019s latest rate cut","author":"enterpriseam admin","date":"3 April 2018","format":false,"excerpt":"Private sector banks have begun lowering rates and scrapping high-yielding CDs in response to the CBE\u2019s decision last Thursday to slash key interest rates by 100 bps, according to Al Mal. CIB slashed rates on its savings accounts and certificates by 100-125 bps and QNB Al Ahli-Egypt also docked 50\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":651767,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/20\/banks-begin-reducing-rates-on-high-yield-cds\/","url_meta":{"origin":646190,"position":4},"title":"Banks begin reducing rates on high-yield CDs","author":"enterpriseam admin","date":"20 February 2017","format":false,"excerpt":"A number of banks have scrapped their high-yield certificates of deposit and began repricing them at rates 100-300bps lower than the ones offered in November after the EGP flotation, Al Borsa reported. Only National Bank of Egypt and Banque Misr have kept their products\u2019 interest rates at 20%, with sources\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648141,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/29\/nbe-will-not-raise-interest-rates-on-personal-loans-only-commercial-loans\/","url_meta":{"origin":646190,"position":5},"title":"NBE will not raise interest rates on personal loans, only commercial loans","author":"enterpriseam admin","date":"29 May 2017","format":false,"excerpt":"The National Bank of Egypt (NBE) will not be raising interest rates on personal loans taken out before the CBE\u2019s decision to hike interest rates by 200 bps last week, the bank\u2019s head of Retail and SME Banking tells Al Ahram. 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