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 a wide range of SAIB certificates with different tenors ranging from 3 to 10 years in 4 different interest rates (Fixed interest rate / Floating interest rate / Step-up interest rate / Cumulative interest rate).
  • Flexible interest payment frequencies (Daily, Monthly, Quarterly, Semi-annually, Annually and Cumulative) to suit your personal needs.
  • Value date next day of 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 up to 90% and with no maximum amount.

Fixed Annual Interest rate:

  • Certificate duration 3, 6, 7 years.
  • Interest frequency: (Monthly, quarterly, semi-annually, or annually) – depending on the client’s need.
  • 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 up to 90% and with no maximum amount.

Floating Annual Interest rate:

  • Certificate duration 3 years.
  • Interest frequency: (Daily, 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 up to 90% and with no maximum amount.

Step-up Annual Interest rate:

  • Certificate duration 5 years.
  • Interest frequency: (Quarterly).
  • 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 up to 90% and with no maximum amount.

Cumulative Annual Interest rate:

  • Certificate duration 3, 5, 7, 10 years, and 40 months.
  • Interest earned at maturity.
  • 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 up to 90% and with no maximum amount.

 

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.