A charitable side to interest rates

Daily News Egypt Authors
2 Min Read

CAIRO: Ahli United Bank (Egypt) sponsored an all day event at the Children’s Cancer Hospital Foundation 57357. The event also marked the bank’s celebration with its charitable project Sanabel Al Kheir.

Sanabel Al Kheir is a certificate of deposit (CD) which offers clients the option to donate the interest generated from the deposit to the Children’s Cancer Hospital.

On the background of live entertainment, the bank employees got the chance to interact with the young patients of the hospital. And through Sanabel Al Kheir, the bank’s clients made strong contributions.

“Sanabel Al Kheir is a great product that we believe will motivate many people to donate and be a part of a generous and charitable experience, said James Goold, CEO and managing director of AUB Egypt.

“At AUB Egypt we are passionate about contributing to the community and offering people valuable and effective ways to contribute. The ability to save and give to a worthy cause at the same time has never been simpler, he added.

The CD offers a high interest rate, which is currently nine percent with the option to donate the interest to the hospital on quarterly basis. With a minimum deposit value of LE 500 and a minimum deposit time of three years, the client can donate and retain the value of the certificate after the three-year period.

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