Certificate of deposit

Saving Certificates

Earn the highest exceptional rates with SAIB certificates of deposit now!

1- Saving Certificates for individuals – in EGP

  • A medium and long-term depository product with durations of 5,7, or 10 years
  • Interest rates calculated on fixed, cumulative, floating, and increasing interest rates.
  • Redemption possibility: allowed for all kinds of certificates after six months of certificate issuance
  • Eligibility for secured facility up to 90% of CDs Value
  • Fixed Interest:
  • Certificate duration 1.5, 3, 5, 6, 7, and 10 years
  • Minimum purchase amount EGP 500 and its multiples
  • Return earned monthly, quarterly, semi-annually, or annually (depending on the client’s need)
  • Fixed Cumulative Interest:
  • Certificate duration 7, and 10 years
  • Calculated and earned at the end of the period
  • Floating Interest:
  • Certificate duration 3 years
  • Calculated and earned daily
  • Minimum purchase amount EGP 500 and its multiples

2- Saving Certificates – in U.S. Dollar

  • Cumulative interest:
  • Certificate duration 3 and 5 years
  • Minimum purchase amount USD 100 and its multiples
  • Return earned at maturity
  • Fixed interest:
  • Certificate duration 3 and 5 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

Saving Certificates – Fixed Interest Rate:

TenorInterest Payment FrequencyInterest Rates (P.A.)
5 YearsMonthly12.50%
5 YearsQuarterly12.75%
5 YearsAnnually13%
6 YearsMonthly10.5%
6 Years Quarterly11%
6 Years Semi-Annually11.125%
6 Years Annually11.25%
7 Years Monthly10.75%
7 Years Quarterly11.25%
7 Years Semi-Annually11.375%
7 Years Annually11.5%
10 Years Monthly10.50%
10 Years Quarterly10.75%
10 Years Semi-Annually11.00%
10 Years Annually11.25%

SAIB Compatible, Three-Year Floating Saving Certificates:

Certificate nameTenorInterest payment frequency Interest typeInterest Rate (P.A.)
Day by Day3 yearsDaily (Paid Quarterly)Floating-0.25% (Corridor Deposit rate)
Pioneer3 yearsQuarterlyFloating(Corridor Deposit rate)

Prices of Fixed Cumulative EGP Saving Certificates:

Tenor
Interest payment frequencyInterest TypeInterest rates cumulative increasing yearly (effective rate)
7 years Paid at maturity cumulative14% (10.2505%)
10 years Paid at maturitycumulative19% (11.97889%)

The competitive prices for five years Fixed Saving Certificate with an increasing yearly rate:

Tenor
Interest payment frequencyInterest Rate (P.A.)
Year 1Paid Quarterly10%
Year 2Paid Quarterly10.5%
Year 3Paid Quarterly11%
Year 4Paid Quarterly11.5%
Year 5Paid Quarterly12%

40*40 Cumulative Interest Rate Saving Certificate:

Certificate NameTenorInterest payment frequencyInterest Rate (P.A.)Price
40*4040 monthPaid at maturityCumulative increasing yearly (10.62138 %)40%

USD Saving Certificates – Fixed Interest Rate:

Certificate NameTenorInterest Payment FrequencyInterest Rate (P.A.)
Forsa3 Years Monthly4.0%
Forsa3 Years Quarterly4.25%
Forsa3 Years Semi-Annually4.25%
Forsa3 Years Annually4.50%
Mostakbal5 Years Monthly4.75%
Mostakbal5 Years Quarterly5.20%
Mostakbal5 Years Semi-Annually5.25%
Mostakbal5 Years Annually5.25%

USD Saving Certificates – Cumulative Interest Rate:

Certificate NameTenorInterest Payment FrequencyInterest TypeInterest Rate (P.A.)
Forsa3 Years Paid at maturityFixed cumulative3.1497%
Mustakbal5 Years Paid at maturityFixed cumulative3.2779%

 

All Terms and Conditions shall apply.