Certificate of deposit is available in EGP with a minimum issuance balance of EGP 1,000
In case of an emergency, you can break the CD 6 months after the issuance date - partial breakage is also available. You can also benefit from getting a secured loan against the CD and pay a monthly installment without breaking the CD.
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Available in EGP.
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Minimum issuance: EGP 1,000 and could be increased by EGP 1,000 and its multiples with no maximum.
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Tenor: 3 years.
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Interest payments can be made monthly, quarterly, or semi-annually.
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Interest type is fixed.
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CD can be broken only after 6 months from issuance date; partial breakage is available.
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Frequently Asked Questions
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What is CD (certificate deposit) and what are its benefits?
You can invest your money and let it grow with our CDs and secure your future by having fixed source of income regularly; it is available in EGP only. Also, you can get a secured loan against your CD at any time. You can maximize your savings by transferring the interest gained from the CD to your savings account.
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How can I issue a CD and what are the available tenors?
You can issue the CD instantly by selecting the amount only using mobile app or online banking, meanwhile the available tenor is 3 years; you can choose to among different periodicities of interest payment: monthly, quarterly, semi-annually, or annually.
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Is there a minimum amount to create CD?
Minimum issuance is EGP 1,000 and can be increased by its multiples; there are no maximum number of CDs you can issue.
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What if I want to break the CD, can I break it at any time?
CD can be broken at any time 6 months after its issuance date (partial breakage is also available). Breaking will be based on the bank declared breaking schedule.