LogoTime Deposits with Upfront interest
Time Deposit with Upfront interest rate
| Duration | Interest Rate | Minimum issuance balance | Issuance Amounts |
|---|---|---|---|
| 3 Months | 9.00% | EGP 300,000 | Multiples of EGP 100,000 |
| 6 Months | 9.00% | ||
| 1 Year | 9.25% |
The total TD interest is credited next day of issuance
Benefits
- Competitive interest rates based on the duration of the TD.
- 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.
- Possibility of issuing and redeeming the deposit at any of Banque du Caire branches.
- The possibility of granting a credit facility against the TD with same currency & with simple terms.
- Client can break his TD anytime before maturity.
Required Documents
It is required to open a current or savings account to issue a time deposit
- Valid national ID.
- Vaild passport for foreigners.