Floating rate Certificate of Deposit
Overview
Eligibility:
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.