USD Floating Time Deposit

USD Floating Time Deposit

Short-Term Saving investment in USD with a floating competitive rate.
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Features

  • Minimum Time Deposit amount is USD 500 and its multiples
  • Time Deposit duration is one year
  • Monthly interest payment frequency
  • Interest is automatically credited to your ABK-Egypt USD Current or Saving account
  • Floating rate changeable according to Three Months Term SOFR (Secured overnight financing rate)

Benefits

  • Access to secured lending facilities up to 95% of deposit amount
  • Redemption is allowed after 3 months’ Time Deposit issuance date.

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.

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 ABK-Egypt call center 24/7 at 19322