The Escalator

The Escalator

An ascending Time Deposit in Egyptian pound (EGP) with competitive interest rate, that will enable you to fully withdraw your deposit amount without penalties.

With ABK-Egypt Escalator TD, the longer you save the more returns you earn.

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Features

  • One Year Time Deposit with quarterly interest payout
  • Interest is automatically credited to your ABK-Egypt current or saving account
  • Option to withdraw your principal deposit amount at the end of every quarter without any fees, charges or penalties
  • The Escalator is a unique, flexible and rewarding one-year Time Deposit with exceptionally competitive interest rate and payment mechanism. Escalator offers interest that reaches up to 10%.
  • Increasing competitive interest rate every quarter up to 10%

Benefits

  • Automatic renewal is optional upon customer’s request
  • Escalator TD is available for individual and companies. 

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. Individuals customers
  2. Corporate customers

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