Variable Certificate of Deposit
- Tenor: 3 year
- Minimum Issuance Balance: 500EGP and its incrementals
- Customer eligibility: Individuals only
- Interest rate:
Monthly: 2.50% below Corridor Bid Rate
Quarterly: 2.25 % below Corridor Bid Rate
Semi-Annually: 2% 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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