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

All Terms and Conditions shall apply.