Distinguished Time Deposits:
- Fixed short term Time Deposit, which offers interest payment at maturity
- The interest will be credited to the customer account at maturity
- The minimum amount to issue the TD is EGP 200,000, with denomination of EGP 10,000 and its multiples
- The Time Deposit will be issued in EGP currency only
- The new Time Deposits offer competitive interest rates with different tenors, as follows:
Customer Segment |
Time Deposit Tenors |
2 months |
3 months |
6 months |
13 months |
Personal Banking customers |
12% p.a. |
12.25% p.a. |
12.75% p.a. |
13% p.a. |
Up-Front Time Deposit:
- Fixed time deposit offering an up-front interest payment at the time of TD issuance
- The interest will be credited to the customer account on the same day of TD issuance
- The up- front TD have 4 different tenors with the below competitive interest rates:
- 1 month TD: 5.00% p.a.
- 3 months TD: 6.00% p.a.
- 6 months TD: 7.00% p.a.
- 1 year TD: 8.00% p.a.
- The minimum amount to issue the TD is EGP 100,000
- The TD is offered to both individuals and business banking customers
Time Deposit with interest payment at maturity:
- Time Deposits will be offered to all customers whether individuals or companies, and can be linked to either an individual or company account
- Time Deposits tenors are: 1 week, 2 weeks, 1 month, 2 months, 3 months, 6 months and 1 year
- Minimum amount to issue a TD:
- Less than one month: EGP 100,000 or equivalent of USD 20,000 in major foreign currencies
- One month and over: EGP 5,000 or equivalent of USD 2,000 in major foreign currencies
- Interest is credited at maturity for each Time Deposit’s type
- Interest rate for each type of TD:
Time Deposit Tenor |
Interest Rate |
1 Week |
2.00% p.a. |
2 Weeks |
2.00% p.a. |
1 Month |
3.00% p.a. |
2 Months |
3.00% p.a. |
3 Months |
3.25% p.a. |
4 Months |
3.25% p.a. |
5 Months |
3.25% p.a. |
6 Months |
3.75% p.a. |
1 Year |
4.00% p.a. |
Time Deposits with monthly or quarterly interest payment
12-Month Time Deposits:
- Offered to individuals and companies
- Available in local and major foreign currencies
- Tenor of 12 months
- Interest is credited monthly / quarterly
- Interest is credited in both currencies EGP and USD
- Automatic renewal at maturity date upon client’s preference
- Can be used as collateral for a loan or credit card
- The interest rate for the EGP TD with monthly interest is 7.00% p.a.
- The interest rate for the EGP TD with quarterly interest is 7.50% p.a.
- The interest rate for the USD TDs is 0.2% p.a.
Minimum amount to issue a TD:
- Less than one month: EGP 100,000 or equivalent of USD 20,000 in major foreign currencies
- One month and over: EGP 5,000 or equivalent of USD 2,000 in major foreign currencies
18-Month Time Deposits:
- Offered to individuals and companies
- Available in local currency only
- Tenor of 18 months
- Interest rate is 8.00% and is credited monthly in EGP to the account
- Automatic renewal at maturity date upon client’s preference
- Can be used as a collateral for a loan or credit card
- Minimum amount to issue the TD is EGP 5,000
24-Month Time Deposits:
- Offered to individuals and companies
- Available in local currency only
- Tenor of 24 months
- Interest rate is 8.50% and is credited monthly in EGP to the account
- Automatic renewal at maturity date upon client’s preference
- Can be used as a collateral for a loan or credit card
- Minimum amount to issue the TD is EGP 5,000