Time Deposits
We encourage our customers to select from a variety of tenors in both local or foreign currency.
Benefits
- Fixed Deposit offering with competitive interest rates
- Variety of tenors: Weekly, Bi-Weeks, Monthly, Quarterly, Semi-Annually or Annually
- Offered to both individuals and companies
- Available in local and main foreign currencies
- Automatic renewal at maturity date.
- Can be used as collateral for a loan, overdraft or credit card
- Availability to decrease the Time deposit without breaking
- Minimum balance for set-up:
LE100,000 or equivalent in foreigncurrencies from one week to two weeks
LE 5,000 or equivalent in foreign currencies from one month to one year.
Required Documents
New to bank customer
Employed Customer
Valid National ID
Recent Utility Bill (maximum three months)
Proof of Employment/ 3 months’ bank statement
Self-employed
Valid National ID
Recent Utility Bill (maximum three months)
Recent copy of commercial register and tax card
Pensioners
Valid National ID
Recent Utility Bill (maximum three months)
Proof of pension
Foreigners
Valid Passport with country entry visa
Recent Utility Bill (maximum three months)
Valid Residency / Work permit
Existing EBank customer
Signed account application
Certificate of Deposits
We offer the most competitive interest rates in both local and foreign currency
Benefits
- Variety of CD types and tenors in EGP and foreign currencies
- Attractive returns and variety of interest payment frequencies (Monthly-Quarterly-Semiannual-Annual)
- Variety of CD Types (Fixed-Variable-Accumulative)
- Borrowing against the deposit up to 90% of deposit value
- Minimum Age: Age 21 and above however, minors can hold CDs in their names
- Redemption rules after 6 months from the issuance date, through any of our branches depending on each CD redemption terms and conditions
Required Documents
New bank customer
Employed Customer
Valid National ID
Recent Utility Bill (maximum three months)
Proof of Employment/ 3 months’ bank statement
Self-employed
Valid National ID
Recent Utility Bill (maximum three months)
Recent copy of commercial register and tax card
Pensioners
Valid National ID
Recent Utility Bill (maximum three months)
Proof of pension
Foreigners
Valid Passport with country entry visa
Recent Utility Bill (maximum three months)
Valid Residency / Work permit
Current EBank customer
Sign account application
Types of CDs
Egyptian Pounds
| Tenors | Types of Interest Rates | 1 | 1 |
|---|---|---|---|
| | Fixed | Variable | Accumulative |
| Three Years | 1-Interest is paid according to preference 2-Available to individuals and corporations | 1-Interest rate subject to CBE Corridor 2-For individuals only | --- |
| Five Years | Interest is paid according to preference | --- | Interest payment sonly at maturity |
| Seven Years | --- | --- | Interest payment sonly at maturity |
| Ten Years | 1-Interest is paid according to preference 2-For individuals only | --- | --- |
US Dollars
| Tenors | Types of Interest Rates | 1 | 1 |
|---|---|---|---|
| | Fixed | Variable | Accumulative |
| Three Years | -Interest is paid according to preference -Available to individuals and corporations | 1-Interest rate subject to CBE Corridor 2-For individuals only | --- |
| Five Years | -Interest is paid according to preference -Available to individuals and corporations | --- | --- |