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Time Deposits

Whether you are looking for a short-term investment or a long-term one, you will find what you need with saib Time deposits.

  • Time deposits are available for individuals and corporate customers.
  • Competitive return.
  • Various Deposit durations to suit your needs.
  • Fixed annual interest rate 

How to calculate return

The return on the due deposit amount is calculated as follows:

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For fixed interest rate deposits

Example: Assuming the following:
Deposit amount is EGP 100,000.

Fixed interest rate is 10%

Annual interest rate calculation: EGP 100,000 x 10% = EGP 10,000.
If the interest rate is paid quarterly, EGP 2,500 is added to your account linked to the deposit.

 

Explanatory example of a TD Breakage 

Amount

1,000,000

Interest Rate 

20.00%

Breakage Penalty

First Year (after 6 months)

Second Year

Third Year

16.00%

15.00%

14.00%

 

Deposit Amount * Number of days elapsed in the deposit term / Number of days in the year *Breakage Penalty

Number of days elapsed

240

450

840

Penalty 

105,205

184,932

322,192

 

Halan in advance time deposit in USD

Invest your money with our NEW product “Halan in advance USD TD”

saib offers you a special TD in USD tenors (1-3-6-12) months to be compatible with your needs.

TD’s features

  • Interest will be paid in advance.
  • TD is issued for Individual and Non-Individual customers
  • Minimum amount of the TD is 10,000 USD.
  • In case of breaking the TD before its maturity date, there will be no interest due to customer for that period.
  • The possibility of borrowing against TDs with same currency according to the bank’s credit policies.
  • You can issue the deposit through the online banking service.

All Terms and Conditions Apply

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For more information, please call our hotline 16668

Konooz USD Time Deposit

Invest your money with our new product, the "Konooz US Dollar Deposit.

 

saib Bank offers you a distinctive US dollar deposit for a period of (1, 3, 6, or 12) months, as follows:

 

Features and Benefits:

 

  • TD is issued for Individual and Non-Individual customers
  • The minimum deposit is 10,000 USD.
  • No interest is due upon breakage.
  • The possibility of borrowing against TDs with same currency according to the bank’s credit policies.

Terms and conditions apply.

For more information, please call 16668.

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Diamond Time Deposit in EGP

Features and Benefits:

  • A long-term, 3-year fixed interest rate deposit.
  • Minimum deposit of EGP 500.
  • TD is issued for Individual and Non-Individual customers
  • The return is annual and is paid monthly or quarterly, depending on the client's choice. 
  • The possibility of borrowing against TDs with same currency according to the bank’s credit policies.
  • You can issue the deposit through the online banking service.

 

Terms and conditions apply.

For more information, please call 16668.

Apply Now