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 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:

  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.