SAVING INSTRUMENTS

Current Accounts: -

• Transfer from the current account to any  account.

• Withdrawal from any of the Bank's branches.

• Collecting the client's cheques.

• Opening a joint current account for more than one person.

• 3% Creditor return on the balances more than LE 100 thousand during the month.

Saving Certificates ( Offered to Individuals ): -

• Three Year EL Tanmya Saving Certificates with yearly revenue 12% .

• Three Year EL Tanmya Saving Certificates with semi-annual revenue 11.75%

• Three Year EL Tanmya Saving Certificates with 3 month revenue 11.50%

• Three Year EL Tanmya Saving Certificates with monthly revenue 11.25%

• Three Year Silver Saving Certificates with monthly revenue .

• Three Year Golden Saving Certificates with semi-annual revenue.

• Three Year Future Saving Certificates with accumulated revenue. 

• Three Year  Saving Certificates in denomination of  LE. 100 and its multiples with semi-annual revenue at an interest rate 10 %.

• Five Year  Saving Certificates in denomination of  LE. 500 and its multiples with semi-annual revenue at an interest rate10 %.

 Three Year Silver Saving Certificates

  ( with monthly revenue )

• The certificate is issued in denomination of  LE. 1000 and its multiples.

• The certificate is nominal, with three year term and renewable .

• Offered to individuals only .

• Certificate's value can be refunded after 6 months.

•  Interest rate on the certificate is 7% for the first year, 8% for the second year and 9% for the third year.

• Providing loans on security of the certificates .

• Certificates holders have the priority to obtain the Bank's soft loans.

• The client can keep the certificates at the Bank without any charges.

• The client can withdraw the interest from any of the Bank's branches.

• The client can transfer the interest to the current account & saving account   . 

 Three Year Golden Saving Certificates

(with semi-annual revenue)

• The certificate is issued in denomination of  LE. 1000 and its multiples.

• The certificate is nominal, with three year term and renewable .

• Offered to individuals only .

• Certificate's value can be refunded after 6 months.

•  Interest rate on the certificate is 7.5% for the first year, 8.5% for the second year and 9.5% for the third year.

• Providing loans on security of the certificates .

• Certificates holders have the priority to obtain the Bank's soft loans.

• The client can keep the certificates at the Bank without any charges.

• The client can withdraw the interest from any of the Bank's branches.

• The client can transfer the interest to the current account & saving account   . 

Three Year Future Saving Certificates

(with accumulated revenue)

• The certificate is issued in denomination of  LE. 1000 and its multiples.

• The certificate is nominal, with three year term.

• Offered to individuals only .

• The certificate's purchase value is LE. 794.

• The certificate's recovery value is LE. 1000.

• Certificate's value can be refunded after 6 months.

• Providing loans on security of the certificates .

• Certificates holders have the priority to obtain the Bank's soft loans.

• The client can keep the certificates at the Bank without any charges.

 Saving Account

      a) In Egyptian Pound .

• The interest rate is7.5 % ( 12 month ),7 % (6 month ) .

• Opening the account with minimum deposit amount LE. 500 .

• Withdrawal and deposit from any of the Bank's branches .

• No maximum limit for withdrawal and deposit .

• Accepting transfers to the account .

• Opening saving account for individuals .

• Interest on the accounts are deposited annually on 31/12 .

       b) In USD

          The interest rate is 0.1875 % ( 12 month ), 0.1250 % (6 month )

Deposits   

The Bank opens time deposits for a period between 7 days up to one year in EGP,USD&EURO, with benefits as  follows:

• Interest rate in USD&EURO  is variable .

• The minimum limit in USD and in EURO deposits is 2000 .

• The interest can be credited to the deposit.

• Providing loans (80% of deposit value) on security of the deposits .

• Opening  a joint - deposits for more than one person.

• The client can withdraw the interest from any of the Bank's branches.