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Infinity 3 years Floating CD

Infinity 3 years Floating CD

Eligibility:

Individuals

Overview:

Minimum value EGP 5 Million and with Multiple of 1 Million

Term of 3 years

Floating interest rate

Interest payment options:

• Daily : Central Bank of Egypt Corridor deposit 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 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:

  During the first year: the discount rate of the annual return rate applied to the certificate is 2%

  During the second year: the discount rate of the annual return rate applied to the certificate is1.5%

  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 requested.

* Terms and conditions apply.

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