10 –year Accumulated CD
Save your finances for the longest period possible. Obtain an investment and capital protection with an accumulated interest rate for various investment periods suited for your needs.
- An accumulative certificate of deposit with a 10-year tenor.
- Have the option for your accumulated CD to be issued in name of minors by the guardianship of a legally
nominated person.
- Enjoy the priority of having to choose your own unit from HD Bank mortgage projects, in case of holding your certificate of the deposit amount of 50% of the apartment value.
- Minimum Issuance balance: 1000 EGP and incremental of 1000
- Secured facilities up to 80%.
- The redemption is allowed after 6 months.
The Certificate Tenor is 10 years with an Interest Rate of 7%
| Redemption Year | Redemption Rate |
|---|---|
| Year 1 | 5% |
| Year 2 | 4,5% |
| Year 3 | 4% |
| Year 4 | 3,5% |
| Year 5 | 3% |
| Year 6 | 2,5% |
| Year 7 | 2% |
| Year 8 | 1,5% |
| Year 9 | 1% |
| Year 10 | 0,5% |