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Golden time deposits with interest paid in advance
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- Tenor: 1, 3 & 6 months and 1 year.
- Minimum opening balance : For 3 and 6 months: 1,000,000 and incremental of 100,000. And for 1 month: 250,000 and incremental of 10,000. For 1 year: 2,000,000 and incremental of 100,000.
- Customer eligibility: Corporates only.
- Interest posting: In the same day of issuing the time deposit..
- Currency: Local currency (EGP only).
- The drawdown: Must be the current account of the customer with same currency.
- Opening fees: as per tariff.
- Administration fees: as per tariff.
| Tenor | Return rates | |
|---|---|---|
| 1 Month | 11% | |
| 3 Months | 11.5% | |
| 6 Months | 12% | |
| 1 Year | 13% |