Deposits and Certificates
The bank offers a wide range of saving options tailored to meet the needs of both individuals and businesses, including fixed-term deposits with flexible durations starting from one week to several years, as well as savings certificates with competitive returns. Customers can choose the currency that suits them—whether Egyptian Pounds or US Dollars—and benefit from the ability to borrow against their deposit or certificate, with flexible redemption options and various interest payout plans.
These products are designed to provide you with maximum security and convenience in managing your savings.
Choose between monthly or annual interest payouts based on your financial planning and future goals.
Our saving solutions help you generate a steady, reliable income while preserving your capital.
Enjoy fast and simple account opening procedures and access to a specialized customer support team.
With our wide range of options, you'll find the ideal solution to invest your money safely and efficiently.
“Ekhtyark” for Individuals 3 Year Fixed Certificate
Multiple Payout Frequencies That Suit You, with a Competitive Fixed Return in Local Currency for Individuals
The interest rate remains fixed throughout the certificate's period, based upon the interest payout frequency:
| Interest | Interest Payout Frequency |
|---|---|
| 19.50% per annum | Weekly |
| 19.75% per annum | Monthly |
| 20.25% per annum | Quarterly |
| 20.50% per annum | Semi-annual |
| 21.50% per annum | Annual |
Key Features:
Certificate tenor: 3 years
loans may be granted under the certificate’s guarantee within 95% of its nominal value.
Minimum Denomination:
The certificate is issued in denomination starting from EGP 5,000 and its multiples.
The minimum initial subscription amount is EGP 50,000. Additional investments can be made in multiples of EGP 5,000 with no maximum limit.
Eligibility:
The certificate is available for individual clients, (whether Egyptian or foreign nationals).
It may be purchased in the name of minors, subject to the terms and conditions set by the bank’s regulations.
Redemption:
- The certificate can be redeemed only after six months from issuance date.
- In the event of redeeming the certificate before its maturity date, the return will be recalculated based solely upon the interest accrued for full months only, after applying a redemption penalty from the calculated return as follows:
The interest rate remains fixed throughout the certificate's period, based upon the interest payout frequency:
| Term | Penalty rate |
|---|---|
| From 7th month to end of 1st year | 10,00% |
| Redemption During the 2nd year | 9,00% |
| Redemption During the 3rd year | 8,00% |
The certificate is automatically renewed unless otherwise instructed by the client before the maturity date. Renewal will be subject to the interest rates, certificates terms and conditions announced by the bank at that time.
3 Year and 5 Year Certificates
With Competitive Variable Return
Key Features:
- Certificate tenor: three years or five years
- The certificate has a variable interest rate paid quarterly based upon the rates announced by the Central Bank of Egypt for deposits annually.
- Clients can borrow against the certificate up to 80% of its nominal value, subject to terms and conditions.
Minimum Denomination:
- 3-Year Certificate: starts from EGP 100 and its multiplies.
- 5-Year Certificate: starts from EGP 500 and its multiplies.
Eligibility:
Individual clients
Redemption:
- The certificate may not be redeemed before six months from the issuance date.
- The certificate is automatically renewed unless the bank receives instructions to the contrary from the client before the maturity date. Upon renewal, the interest rate, terms, and conditions applicable to certificates at the bank at the time of renewal shall apply.
El Tanmeya Certificate in US Dollars for Individuals
Enjoying an Exceptional Fixed Return throughout the Certificate's lifetime
The interest rate is fixed throughout the certificate’s period at 4.00% annually paid monthly.
Key Features:
- Certificate tenor : 3 years
- Loan may be granted up to 95% of the certificate's redemption value.
- Purchase may be made in the name of minors under the applicable bank conditions and regulations
Minimum Denomination:
The certificate is issued in denominations starting from USD 500 and its multiplies with no maximum limit for individuals.
Eligibility:
Individual clients (Egyptians and foreigners)
Redemption:
- Redemption is not allowed before six months from the date of issuance.
- The return will be recalculated based solely upon the interest accrued for full months only, after applying a redemption penalty from the calculated return as follows:
|
Redemption Period Penalty %
|
|
From the 7th month until the maturity date 1,20%
|
The certificate is automatically renewed unless the bank receives instructions to the contrary from the client before the maturity date. Renewal will be subject to the interest rates, certificate terms and conditions applicable at the bank at the time of renewal
“Moassasaty” 3 Year Certificate for Corporates
Looking to invest for your institution, Open a fixed-rate certificate in local currency with IDB
The annual interest rate is fixed at 14% annually paid monthly.
Key Features:
- Certificate tenor: 3 years
- Certificates may be purchased in the name of companies and legal entities
- You can apply for a loan of up to 95% of the certificate’s nominal value, subject to the bank’s terms and conditions.
Minimum Balance:
- Certificate denominations start at EGP 5,000 and its multiplies per certificate.
- Initial purchase minimum is EGP 50,000 and additional purchases in multiplies of EGP 5,000 with no maximum limit.
Eligibility:
Companies and legal entities
Redemption:
The certificate can be redeemed only after six months from the date of issuance.
In the event of early redemption before the certificate’s maturity date, the return will be recalculated based solely upon the interest accrued for full months only, after applying a redemption penalty deducted from the applicable rate as follows:
- 9% if the redemption takes place from 7th month to the end of the 1st year
- 8% if the redemption takes place during the 2nd year
- 7% if the redemption takes place during the 3rd year
- Certificates are automatically renewed unless otherwise instructed by the client before the maturity date. Renewals are subject to the interest rates, certificate terms, and conditions announced by the bank at the time.
Development Certificates in US Dollars for Corporates
Looking to invest for your institution.. Open a certificate with IDB
The interest rate is fixed at 4.00% annually paid monthly.
Key Features:
- Certificate tenor: 3 years.
- Certificates may be purchased in the name of companies and legal entities (foreigners or Egyptians).
- You can apply for a loan of up to 95% of the certificate’s redemption value, subject to the bank’s terms and conditions.
Minimum Balance:
The certificate is issued in denominations of USD 10,000 and its multiplies, with no maximum limit for corporates.
Eligibility:
Corporates and legal entities (Egyptians or foreigners)
Redemption:
- The certificate is not redeemable before six months from issuance date
- The return is recalculated based solely upon the interest accrued for full months only, after applying a redemption penalty deducted from the applicable rate, as follows:
|
Redemption Period Penalty %
|
|
From the 7th month until the maturity date 1,20%
|
The certificate is automatically renewed unless the client informs the bank otherwise prior to the maturity date. Renewals are subject to the interest rates, certificate terms and conditions announced by the bank at that time.
Time Deposits
In Egyptian Pounds and Foreign Currencies
Time deposits in local and foreign currencies have various tenor, ranging from 7 weeks to one year, to suit client preferences.
Key Features:
- Return rate is fixed throughout the deposit period paid at the end of the term
- The deposit can be automatically renewed for similar terms.
- Loans can be secured by deposits in accordance with the rules approved by the bank.
Minimum Opening Balance:
- EGP 1,000 for local currency time deposits.
- USD 1,000 for US dollar time deposits.
- USD 100 for financial inclusion clients.
Eligibility:
Individuals, companies, and legal entities.
Redemption:
The deposit may be redeemed before the end of its term at any time, according to the applicable redemption rules.
