Minimum Issuance Balance of EGP 1,000 with No Maximum!
Time Deposit is available in EGP in different durations: 1, 3, 6 months based on your short-term savings needs. Enjoy fixed interest paid at maturity where you can request an automatic renewal for the TD principal only or TD principal + interest if you prefer.
- Available in EGP.
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Tenors: 1 month, 3 months, and 6 months.
- Minimum issuance: EGP 1,000 and could be increased by any amount.
- Interest on time deposits is fixed.
- Interest payment is at maturity.
- Automatic renewal is available.
- Breakage is available at any time but you will get ZERO interest, no partial breakage is available.
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You can rename your TDs based on your saving goals.
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Frequently Asked Questions
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What is the TD (time deposit) and what are its benefits?
TDs is a best option for your short term saving plan in EGP with very preferential rate. You can create TD to earn competitive interest at the end of TD duration. The money should remain in the TD till the maturity date to enjoy the interest; also, you can rename your TDs based on your saving goal. Meanwhile we have a variety tenors of TDs 1 month, 3 months & 6 months with fixed interest rate. You can renew your TD automatically.
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How can I issue a TD?
You can issue TD instantly by selecting the tenor and the amount using mobile app or online banking.
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Is there a minimum amount to create TD?
Minimum amount is EGP 1,000 and could be increased by any amount.
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Can I break the TD at any time?
Breakage is available at any time but partial breakage is not available & If TD is broken before maturity date, zero interest will be paid.