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Certificate of Deposits

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Three-years Certificate

1.Savings Certificates with fixed frequently interest .

3-years certificate with fixed frequently prepaid interest of 11.25% earned monthly In advance.

BENEFITS:

  • The certificate shall be issued in the individual of EGP 1000 and its multiples.

  • Issued for natural persons and allowed to minors in their names under guardianship legally nominated person.

  • The holder of certificate is allowed to take out a loan with a lending rate up to 95% of the nominal value of certificate as a guarantee and with a debit return minimum 2% above the certificate's price.

  • The interest is calculated starting from next working day of the purchasing date.

  • Redemption is allowed after 6 months following the date of purchase and shall be made according to the table published by the Bank.



2. Certificate with variable rate

  • Nominal certificate at the CBE (current corridor deposit rate) paid monthly.

  • Nominal certificate at the CBE (current corridor deposit rate) + 0.25% paid every 3 month.

BENEFITS:

  • The certificate shall be issued in the individual of EGP 1000 and its multiples.

  • Issued for natural persons and allowed to minors in their names under guardianship of legally nominated person.

  • The holder of certificate is allowed to take out a loan with a lending rate up to 95% of the nominal value of certificate as a guarantee and with a debit return minimum 2% above the certificate's price.

  • The interest is calculated starting from next working day of the purchasing date.

  • Redemption is allowed after 6 months following the date of purchase and shall be made according to the table published by the Bank.

 

Five-years Certificate (Tomouh)
BENEFITS:

 

  • 5-years fixed interest rate certificate

  • Interest Payment Frequency                           Interest Rates

  •  Monthly                                                                9.50%

  • Quarterly                                                             9.65%

  • Semi-Annually                                                      9.75%

  • Annually                                                               10.00%

  • The certificate shall be issued in the individual of EGP 1000 and its multiples.

  • Issued for natural persons and allowed to minors in their names under guardianship legally nominated person.

  • The holder of certificate is allowed to take out a loan with a lending rate up to 90% of the nominal value of certificate as a guarantee and with a debit return minimum 2% above the certificate's price.

  • Interest rates are calculated as of the day of purchase.