Certificate of deposits

Get competitive returns with saib savings certificates

• You can choose from a variety of (fixed interest rate, variable return)
• Multiple return disbursement cycles to suit your various personal needs
• Interest calculation starts on the next working day from CD purchasing date.
• The value of the CD is allowed to be redeemed after 6 months from the date of issuance according to the bank's redemption schedule
• The possibility of borrowing against CD with same currency according to the bank’s credit policies.
• The certificate is issued on the same day of submitting the application until 2 pm through branches and until 4 pm through online banking. The certificate’s maturity date is calculated according to the certificate’s duration from the date of creation.

How to Calculate Return

For Fixed-Return Certificates

Example:
Certificate amount: 100,000 Egyptian pounds.

Fixed return rate: 10

Annual return calculation: 100,000 × 10% =10,000 Egyptian pounds.
If the return is paid quarterly, an amount of 2,500 Egyptian pounds is added to your account linked to the certificate.

For Variable-Return Certificates

Example:
Certificate amount: 100,000 Egyptian pounds.

Reference return rate: 15%.

Pricing margin set by the bank: 1.5.

Annual return calculation: 100,000 × 10% =10,000 Egyptian pounds.

If the interest is paid quarterly, EGP 3,375 will be added to your account linked to the certificate.

Note that when the reference rate changes, the new interest rate will be applied after the interest due to the customer's account for the current disbursement period is added, in accordance with the terms of the contract between the customer and the bank.

Breaking the CD Example