Floating rate Certificate of Deposit

Floating rate Certificate of Deposit

Overview

Eligibility:

  • Individuals (Egyptians & Foreign Residents).

Minimum value EGP 1,000 and its multiples.

Term of 3 years.

Floating interest rate.

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

  • From 7 Month to 12 Month : percentage of deducting according to Central Bank of Egypt Corridor Deposit Rate minus 6%

  • Second year: percentage of deducting according to Central Bank of Egypt Corridor Deposit Rate minus 5%

  • Third Year: percentage of deducting according to Central Bank of Egypt Corridor Deposit Rate minus 4%

For CDs rates please enter Certificates Rates.

Benefits

Interest calculated from the next day of issuance date.

Eligible to borrow up to 95% of its value.

Eligible to get Suez Canal Bank's credit cards (Free issuance fee for first year).

Required Documents

  • For Existing Clients request issuance of Certificate of deposit.

  • For New Clients, documents for account opening, plus request issuance of Certificate of deposit.

* Other documents may requested.

* Terms and conditions apply.