Current Flex 3 years Floating CD with a Minimum Interest Rate

Eligibility

Individuals

Overview

Flexible interest payment options to fulfill your needs

Minimum value EGP 1,000

Term of 3 years

Floating interest rate subject to a Minimum Interest Rate

Competitive Interest rates

Annual interest rate paid daily:

• o Daily : Central Bank of Egypt Corridor deposit rate plus 0.25% (subject to a minimum Interest Rate)

For CDs rates please enter Certificates Rates.

Benefits

Interest calculated from the next working day of issuance date.

No issuance fees.

Eligible to borrow and credit card according to bank credit policy.

Redemption conditions

Certificate may be prematurely redeemed after the first 6 months, according to the redemption rules announced at SC Bank

Interest rate recalculated as per the percentage of deducting from annual interest rate, which applied on the certificate according the following:

For daily frequency payout:

• o During first year: the discount rate of the annual return rate applied to the certificate is 2.50%
• o During the second year: the discount rate of the annual return rate applied to the certificate is 2%
• o During the third year: the discount rate of the annual return rate applied to the certificate is 1%

Required Documents

Copy of valid National Identification for Egyptians or passport for Foreigners. Original document should presented.

Copy of birth certificate for minors. Original should be presented.

Recent utility bill (electricity, telephone bill, ...etc)

* Other documents may be requested.

* Terms and conditions apply.