Upfront Certificate of Deposit
Unlock the power of instant returns with our 35% Upfront Certificate of Deposit with effective rate 15.44%. Cash out your interest instantly and enjoy the flexibility to grow your savings today.
Features And Benefits
- The tenor of the CD is 3 years.
- Minimum certificate amount is EGP 5,000 and can be increased in multiples of EGP 1,000.
- The interest is paid in full at the beginning of the certificate issuance.
- Offered for individuals only.
- Customers can apply for Secured loan.
- Redemption is allowed after six months from CD value date.
- Redemption amounts deducted from upfront interest paid in advance.
Interest Rate
| Tenor | Interest rates |
|---|---|
| 3 Years | Cumulative compounded Interest rate 35% with effective rate 15.44% |
Redemption rate
Redemption schedule for upfront CD with Fixed rate
| Duration | Duration Redemption amounts deduct from upfront interest paid in advance |
|---|---|
| During Year 1 | 95.00% |
| During Year 2 | 63.00% |
| During Year 3 | 28.00% |
Required documents
- Upfront Certificates of Deposit application form
- The account number that the interest shall be credited to it. to credit the interest on
* Terms&Conditions apply
Apply for one of our deposits
Apply online to issue one of our deposits