Enjoy the benefits of medium-term savings in Egyptian pounds
An HSBC 3-year Savings Certificate offers you a medium-term savings opportunity in EGP with higher interest rates. You can also credit the interest you earn each month to your current or savings account.
What you'll get with a Savings Certificate
A rate of 22% per annum
A certificate issued in EGP and in the name of the owner
3 year validity and tax exemption
Interest paid monthly and credited to your current or savings account
Full or partial redemption after 6 months of the purchase date subject to relevant penalties
Eligibility for Asset-Linked Finance, an overdraft or a secured HSBC credit card against the certificate
Redemption schedule
| Redemption period | Deduction from contracted interest rate |
|---|---|
| During year 1 | 10% |
| During year 2 |
8% |
| During year 3 |
6% |
| Redemption period | During year 1 |
|---|---|
| Deduction from contracted interest rate |
10% |
| Redemption period |
During year 2 |
| Deduction from contracted interest rate |
8% |
| Redemption period |
During year 3 |
| Deduction from contracted interest rate |
6% |
Full or partial withdrawals are possible after 6 months of payment.
Things you should know
Minimum deposit amount
The minimum deposit amount for an HSBC Savings Certificate is EGP 10,000. Savings Certificates are issued in multiples of EGP 1,000.
Redemption amount
Partial redemption should be in multiples of EGP 1,000 with a minimum amount of EGP 1,000 to be redeemed per transaction. The remaining value of the certificate should not be less than EGP 10,000 (as a minimum).
Important documents
How to apply
We'll call you
Request a call back to start your application. Our team is available weekdays from 9.30am to 3.30pm and will be in touch within 120 minutes.1
Call us
Contact us by phone every day from 9am to 11pm.
Tel: 19007 (within Egypt)
Tel: +202 3535 9100 (outside Egypt)
Visit a branch
Visit your nearest branch to speak to us in person.
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