Floating Rate Time Deposits
Overview
More benefits with secured borrowing options
Save in Egyptian pound only
Minimum deposit EGP 1,000 and its multiples
Terms from one week to 12 months
Interest is paid at maturity date. (Upon your request, interest can
be credited to your savings/current account or topped up to your deposit)
Interest is floating as per Central Bank of Egypt's Deposit Rate after reserves
Eligible to get secured loans, overdrafts, or credit cards up to 90% of the TD value with a minimum margin of 2% above the declared rates
Required Documents
Copy of valid National Identification for Egyptians or passport for Foreigners. Original document should be presented.
Copy of birth certificate for minors. Original should be presented.
Recent utility bill (electricity, telephone bill, ...etc)
* Other conditions may apply.