FAB Certificates of Deposit

Place your funds in longer-term deposit solutions with flexible interest payout options to suit your needs.

Features

• Available in 3-year tenor
• Available in local currency
• Both fixed and floating interest rate deposits are available with floating interest rate being linked to Central Bank of Egypt’s Discount rate
• Multiple interest payout options ( monthly, quarterly, annual and at maturity), to suit your unique needs
• Redemption is not allowed before six months from date of booking
• Access your funds with a loan against your Certificate of Deposit, up to 95% of your deposit amount

Eligibility

• 21 years of age
• Egyptian nationals and expatriates

Required Documents

• Valid National ID for Egyptians or passport for foreigners
• Proof of address
• Letter of employment for salaried individuals
• Commercial register for self-employed individuals

Terms and Conditions apply