Time Deposit Account

Our Time Deposit Account offers you competitive interest rates and gives you the flexibility to choose a maturity date which best suits your needs. You can also use the roll-over facility to automatically renew your deposit. Deposits are available in Egyptian Pounds and other major currencies.

You can deposit funds for a pre-specified period at a fixed interest rate

Deposit period ranges from one week up to twelve months

Interest rate is fixed based on the Inter-Bank Money Market rate

Interest is paid upon maturity

Interest may be added to the principal or credited to a separate account or paid by cash/cheque/Telegraphic Transfer/Demand Draft as instructed by you

You can be eligible for a loan and a secured Overdraft against the Time Deposit

Flexible maturity date at customer's discretion

Competitive interest rates

Interest may be paid or reinvested upon maturity as per customer's instructions

Wide range of maturity periods (weekly, monthly, bi-monthly, quarterly, half-yearly, yearly)

Any resident/Non resident may open a Time deposit

Account Opening Form

Minimum deposit amount to be equal or greater than EGP 10,000 or USD 2,000 or equivalent in other major foreign currencies

Account holders may open a time deposit via Personal Internet Banking