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Certificate of Deposits

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Three-years Certificate

 

Savings Certificates with fixed interest rates - Annual

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.

 

Savings Certificates with fixed interest rates – Daily

Benefits:

3 years certificate with fixed daily interest of 9.00%

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

Issued for customers and minors can purchase it in their names under the guardianship of a 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 purchase date.

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


Savings Certificates with fixed interest rates – Weekly

Benefits:

3 years certificate with fixed weekly interest of 9.50%

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

Issued for customers and minors can purchase it in their names under the guardianship of a 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 purchase date.

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



Savings Certificates with variable interest rates - Annual

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.

 

Savings Certificates with fixed interest rates (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.

Savings Certificates with fixed interest rates – USD - Monthly

Benefits:

3 years certificate with fixed monthly interest of 2.25%

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 80% 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

Savings Certificates with fixed interest rates – USD - Monthly

Benefits:

5 years certificate with fixed monthly interest of 2.25%

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 80% 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.

 



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