3-Year EGP Floating Certificate of Deposit “EL-Hassaad”
Eligibility:
Individuals
Overview
Flexible interest payment options to fulfill your needs
Minimum value EGP 1,000
Term of 3 years
Floating interest rate
Interest payment options:
For CDs rates please enter Certificates Rates.
Benefits
Interest calculated from the next working day of issuance date.
No issuance fees.
Eligible to borrow up to 90% of its value.
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:
From the 7th to the 12th month: the discount rate of the annual return rate applied to the certificate is 5%
During the second year: the discount rate of the annual return rate applied to the certificate is 4%
During the third year: the discount rate of the annual return rate applied to the certificate is 3%
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.