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Certificates of Deposit EGP Variable Interest Rates

  • MIDBANK offers you the most distinguished competitive benefits with the Three-Year Floating Rate Certificate of Deposit in EGP (up to 27.5%), designed especially to cater all your needs and to achieve the highest returns
  • Certificates are nominal according to the rate of return of the Central Bank’s deposit (Corridor). The interest rate is calculated and earned on monthly basis
  • Certificates are nominal according to the rate of return of the Central Bank’s deposit (Corridor) +0.25% and the interest rate is calculated and earned every three months
Benefits
  • This Certificate is issued in a denomination of EGP 1000, and multiples thereof
  • The Certificate is issued for individuals and can be bought in the name of minors through guardianship
  • Clients can take a loan up to 95% of the certificate’s value at a competitive interest rate
  • Interest is calculated from the next day of the issuance date
  • It is not allowed to redeem the certificate before 6 months from the next day of issuance date, according to the bank redemption table

 

Terms & Conditions Apply

For more information, contact us by phone at 19189 or visit your nearest branch to speak to us in person.