Egypt – عربي

Floating Certificates Of Deposits

Floating Certificates Of Deposits

Seize a golden opportunity with the Bank's  Floating Certificates of Deposit in Egypt


  • Certificates available in EGP
  • Frequency of interest payments (monthly, quarterly, annually)
  • Certificates of Deposit duration is 3 years with an annual floating interest rate


  • Competitive interest rates
  • Possibility of borrowing against certificates
  • Interest payments can be credited direct to current or savings accounts

Additional benefits:

Affordable Minimum initial purchase EGP 5000 Minimum additional purchases of EGP 1000 (or multiples of)
Flexibility and Convenience Flexibility to choose to have the interest calculated monthly or quarterly or annually
Payment Method Direct from a current or saving account in Egypt
Start Date for interest calculation Next working day after purchase
Redemption Not allowed within six months of date of purchase and to be in accordance with the Central Bank of Egypt approved redemption rules

Interest rate

  • 3 years with 15.5% annual floating interest rate* paid monthly
  • 3 years with 15.75% annual floating interest rate* paid quarterly
  • 3 years with 16% annual floating interest rate* paid annually

*Annual Floating rate is subject to change according to Central Bank of Egypt Discount rate

Eligibility and required documents


  • Individuals only
  • Egyptian living in the UAE
  • Resident expats living in Egypt

Required documents

  • CD application
  • Account opening documents according to our account opening policies and procedures

Fees & Charges

  • For more details contact our call centre 19977 or visit any branch

Terms and Conditions

  • No maximum purchase limit
  • Tenor of certificate is 3 years
  • No cheques can be drawn against the certificate
  • The certificate is issued to individuals only
  • The certificate is nominal and can’t be sold on or transferred
  • Returns are calculated as of the next business day post purchase
  • The certificate has a floating annual return linked to the CBE discount rate
  • The certificate shall not be refunded until at least six months post purchase
  • In case of a redemption request, the original certificate must be provided to the issuing branch
  • Returns are added at the end of each term according to the selected payment frequency (monthly or quarterly or annually)
  • All credit facilities granted against the certificate as well as their interest to be settled in full before redeeming the certificate
  • Borrowing guaranteed by the certificate is acceptable in the name of the certificate owner or a third party under the terms and conditions determined by the Bank
  • Certificate will be issued as per the announced interest rate on the day of purchase (where the interest rate is changes as per the CBE discount rate at the time)
  • The Bank has the right to renew the certificate as per the announced interest rate and conditions on the day of renewal unless the customer notifies the bank with other instructions at least one month prior to the certificate maturity date
  • Return is calculated in the redemption situation as follows:
Discount rate from the return rate starting from the date of purchase till the date of redemption
After the 1st 6 months and during the 1st Year 5%
During the 2nd Year 4%
During the 3rd Year 3%

Floating Certificates Of Deposits application form

Application form

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Contact Us

Phone Us
Customer Enquiries

Egypt Helpline


International Helplines

+20 2 19977
+20 2 240 75360

Working Hours

Sunday to Thursday
8:30 am to 3:00 pm

Mall Branches
Saturday to Friday
11:00 am to 8:00 pm

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