Fixed Certificate of Deposit for Companies

Fixed Certificate of Deposit for Companies

Enjoy saving with ABK-Egypt Certificate of Deposit for companies with competitive fixed rates to best suit your business needs.
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Features

  • Certificate Duration: 1, 2, 3 and 5 years, all in EGP
  • Redemption is allowed after 1 month from Issuance of the certificate according to announced redemption schedules
  • Minimum certificate amount is EGP 100,000 for tenors more than 1 year, EGP 500,000 for 1 year certificate
  • Interest payments monthly, quarterly, annually or at maturity according to CD’s type and duration

Benefits

  • Interest is automatically credited to your ABK-Egypt Current account
  • Secured lending facilities up to 95% of CD amount

Interest rates:

Duration Interest Payment Frequency Interest Rates
1 Years Monthly/Quarterly/at Maturity(Min 10M) 18.50%
Monthly/Quarterly/at Maturity(Min 5M) 18.25%
Monthly/Quarterly /at Maturity(Min EGP 500K) 18.00%
2 Years Monthly/Annual/at Maturity 18.00%
3 Years Monthly/Annual/at Maturity 16.00%
5 Years Monthly/Annual 16.00%


More Informations

  • By visiting your nearest ABK-Egypt Branch

  • Important Information regarding procedures for opening a new account

    In a bid to help the government combat terrorism financing and money laundering activities. The Central Bank of Egypt has imposed regulations requiring all financial institutions to obtain, verify and record information identifying the customer opening an account by filling a "Know Your Client" form.
  1. Certificate to be issued for companies only
  1. Free access to Online Banking
  2. Access to our 24/7 ABK – Egypt Call Center 19322

The required documents that should be obtained to open an individual account are:

For Egyptians
  1. Valid Customer ID
  2. In case of any mismatched information with the provided ID, the following documents might be required:
    1. Recent utility Bill for the current address
    2. Document proving latest employment data

For Resident Foreigners
  1. Valid passport for at least 6 months
  2. Residence documentation along with customer’s address in Egypt
  3. Profession license /taxes card or document proving residence reason

Contact Info

For more information, please visit ABK-Egypt nearest branch or contact our call center 24/7 at 19322