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 interest rate.
- Various Deposit durations to suit your needs.
- Fixed annual interest rate
- The deposit is issued on the same day the application is submitted, until 2 p.m through branches and until 4 p.m through online banking. and the deposit maturity date is calculated based on the deposit term from the date of creation.
- The customer may break the deposit at any time after it is issued.
How to calculate interest rate
The interest rate is calculated as follows:
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 |
Smart TD
saib Smart TD is a short-term time deposit in different tenors for individuals
TD's Features:
|
Tenor |
1 month |
3 months |
6 months |
12 months |
12 months |
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|
Minimum amount |
EGP 150,000 |
EGP 150,000 |
EGP 150,000 |
EGP 150,000 |
EGP 150,000 |
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|
Annual Interest rate |
Less than 1 Million EGP 18.50% |
More than 1 Million EGP 18.75% |
Less than 1 Million EGP 15.75% |
More than 1 Million EGP 16% |
Less than 1 Million EGP 15% |
More than 1 Million EGP 15.25% |
Less than 1 Million EGP 13.50% |
More than 1 Million EGP 13.75% |
Less than 1 Million EGP 14.50% |
More than 1 Mi1llion EGP 14.75% |
|
Interest Payment frequency |
Monthly |
Monthly |
Monthly |
Monthly |
At Maturity |
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All Terms & Conditions apply click here
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
- Annual interest rate, 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.
For more information, please call 16668.
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.
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.
For more information, please call 16668.
