LogoTime Deposits with Different Frequencies
Time deposits with different payment frequency in local currency
Interest frequency: monthly / quarterly / semi-annually / (Annually for the 10-years duration)
|
Duration |
Monthly |
Quarterly |
Semi-Annual |
Annually |
Minimum Balance |
|---|---|---|---|---|---|
|
1 year and less than 2 years |
4.25% |
4.35% |
4.45% |
- |
EGP 5,000 |
|
2 years and less than 3 years |
5.00% |
5.10% |
5.20% |
- |
|
|
3 years and less than 5 years |
5.25% |
5.35% |
5.45% |
- |
|
|
5 years and less than 7 years |
5.50% |
5.60% |
5.70% |
- |
|
|
10 years |
- |
- |
- |
6.00% |
Time Deposit with different payment frequency in USD
Interest frequency: monthly / quarterly / semi-annually / annually
|
Duration |
From 13 months to 24 months |
From 25 months to 36 months |
Minimum Balance |
|---|---|---|---|
|
Monthly |
0.50% |
0.75% |
USD 1,000 |
|
Quarterly |
0.60% |
0.85% |
|
|
Semi-Annual |
0.80% |
0.95% |
|
|
Annually |
0.90% |
1.00% |
- 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:
|
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) |