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Time Deposits at Maturity

It is an agreement between the bank and the customer whereby the customer deposits a certain amount of money at the bank; the bank retains it for a fixed period, with a fixed interest rate that is specified at the beginning of the agreement. The bank is obliged to redeem this amount upon customer’s request (terms and conditions apply).

1- Time Deposit at maturity in local currency

  • Competitive returns that are determined according to the time deposit tenure:

Duration

Rate

Minimum balance

to calculate return in local currency

7 days and less than 15 days

2.75%

75,000 EGP

15 days and less than month

3.00%

1 month and less than 2 months

4.50%

5,000 EGP

2 months and less than 3 months

4.50%

3 months and less than 6 months

4.75%

6 months and less than 1 year

4.75%

1 year and less than 2 years

5.00%

 

2- Time Deposit at maturity in Foreign currencies

Minimum balance to calculate return in foreign currency 500 USD / GBP / EUR and 2,000 SAR.

USD

Rate

500 to 25,000

25,000 to 100,000

100,000 to 250,000

250,000 to 5,000,000

Weekly

0.010%

0.025%

0.040%

0.055%

Monthly

0.06%

0.08%

0.09%

0.11%

2 months

0.06%

0.08%

0.09%

0.11%

3 months

0.11%

0.13%

0.14%

0.16%

6 months

0.11%

0.13%

0.14%

0.16%

1 Year

0.32%

0.34%

0.35%

0.37%

 

GBP

Rate

500 to 25,000

25,000 to 100,000

100,000 to 250,000

250,000 to 5,000,000

Weekly

0.030%

0.050%

0.070% 0.090%

Monthly

0.040%

0.100%

0.130%

0.190%

2 months

0.070%

0.130%

0.160%

0.220%

3 months

0.140%

0.200%

0.230%

0.290%

6 months

0.170%

0.230%

0.260%

0.320%

1 Year

0.190%

0.250%

0.280%

0.330%

 

Euro

Rate

500 to 25,000

25,000 to 100,000

100,000 to 250,000

250,000 to 5,000,000

Weekly

0%

0%

0%

0%

Monthly

0%

0%

0%

0%

2 months

0%

0%

0%

0%

3 months

0%

0%

0%

0%

6 months

0.0005%

0.0005%

0.0005%

0.001%

1 Year

0.005%

0.005%

0.005%

0.01%

 

SAR

Rate

500 to 25,000

25,000 to 100,000

100,000 to 250,000

250,000 to 5,000,000

Weekly

0%

0%

0%

0%

Monthly

0.005%

0.005%

0.005%

0.005%

2 months

0.005%

0.005%

0.005%

0.005%

3 months

0.005%

0.005%

0.005%

0.005%

6 months

0.005%

0.005%

0.005%

0.005%

1 Year

0.005%

0.005%

0.005%

0.005%

  • Interest will be calculated 2 working days from the issuance date for USD Time Deposit.

Benefits:

  • Possibility of issuing and redeeming the deposit at any of Banque du Caire branches.
  • The option to credit time deposit amount and returns to the current or savings account as per customer preference
  • The time deposit is renewable as per the client's request.
  • Availability of issuing the time deposit in joint or minors name 
  • It is required to open a current or savings account in USD to issue a USD time deposit.
  • The possibility of issuing the Time Deposit for individuals and corporate
  • The option to issue a credit card against the time deposit (Terms and Conditions apply) 
  • The possibility of granting a credit facility against the time deposit with same currency, and with simple terms 

Required Documents: 

It is required to open a current or savings account in USD to issue a USD time deposit.  

Individuals

Companies

National ID

Passport for foreigners

Birth certificate for minors

Recent utility bill (with current address)

Original contract

Commercial registry

Tax card

Copy of the National ID of the authorized signatories

(Documentation determined according to entity type)