LogoTime 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).
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% |
Time Deposit at maturity in Foreign currencies
| USD 3 months TD at Maturity | ||
|---|---|---|
| Duration | IR% | Minimum Amount |
| 3 Months | 5.25% | 50K USD |
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 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) |