Certificate of deposits
Certificate of Deposits
Earn the Competitive exceptional rates with SAIB certificates of deposit
1- Certificates of Deposits for individuals – in EGP
Medium and long-term tenor:
- You can choose from SAIB certificates with tenor 3 years in 2 different interest rates (Fixed interest rate / Floating interest rate).
- Flexible interest payment frequencies (Daily, Monthly, Quarterly) to suit your personal needs.
- Value date the next day of the Certificate’s purchase date.
- Certificates can be redeemed after the first six months of issuance, according to the bank redemption table.
- Eligibility for Secured Overdraft/Loan/Credit Card against Certificate value according to the bank’s internal credit policy.
Fixed Annual Interest rate:
- Certificate duration 3years.
- Interest frequency: (Monthly, quarterly) – depending on the client’s need.
- Certificates are issued in denominations of EGP 500 and its multiples with no limit.
- Eligibility for Secured Overdraft/Loan/Credit Card against Certificate value according to the bank’s internal credit policy.
Floating Annual Interest rate:
- Certificate duration of 3 years.
- Interest frequency: (Daily, Monthly, Quarterly).
- Interest calculated based on Corridor Deposit rate at the Central Bank of Egypt.
- Certificates are issued in denominations of EGP 5,000 and its multiples with no limit.
- Eligibility for Secured Overdraft/Loan/Credit Card against Certificate value according to the bank’s internal credit policy.
2- Saving Certificates – in U.S. Dollar
- Cumulative interest:
- Certificate duration 3 years
- Minimum purchase amount USD 100 and its multiples
- Return earned at maturity
- Fixed interest:
- Certificate duration 3 years
- Minimum purchase amount is USD100 and its multiples
- Return earned monthly, quarterly, semi-annually, or annually
- Eligibility for secured facility reaches up to 90% of CD’s value
- Offered to individuals and corporate customers
- Redemption possibility: allowed after six months of certificate issuance date
- Interest rates are calculated on fixed and cumulative basis