Time Deposit

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An investment tool in Egyptian Pounds offering you competitive interest rates with the flexibility to choose the tenor you want.


Features

  • A deposit held at the bank for a given period of time.
  • Flexibility to choose the TD’s tenor and frequency as follows:

     
    7 – 15 days 15 days – one month Month 2 Months 3 Months 6 Months 1 Year
  • Interest rate determined based on the amount and tenor as per the bank’s policy.
  • Can be renewed at maturity for the same period of time according to the published interest rate at the time of renewal unless the customer instructed otherwise.
  • Overdraft Facility up to 90% from TD amount

Open your time deposit in foreign currencies with the freedom to choose the tenor most suitable.


Features

  • A deposit in foreign currency (USD – GBP – EURO) held at the bank for a given period of time.
  • Flexibility to choose the TD’s tenor and frequency as follows:

     
    1 month 2 Months 3 Months 6 Months 1 Year
  • Minimum opening balance of USD 1,000 or its equivalent and multiples.
  • Interest rate is determined based on amount and tenor as per the bank’s policy.
  • Can be renewed at maturity for the same period of time according to the published interest rate at the time of renewal unless the customer instructed otherwise.
  • Overdraft facility up to 80% from TD amount