Variable Certificate of Deposit
- Tenor: 3 years
- Minimum Issuance Balance: 500EGP and its incremental
- Customer eligibility: Individuals only
- Interest rate:
Monthly: 1% below Corridor Bid Rate
Quarterly: 0.75 % below Corridor Bid Rate
Semi-Annually: 0.5% below Corridor Bid Rate - Currency: Local currency (EGP only).
- Redemption: Applicable after 6 Months.
- Secured Facilities: Eligible up to 90% against the CD with 2% over the applied rates.
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