Certificate of deposits
Get competitive returns with saib savings certificates
- You can choose from a variety of (fixed return, variable return)
- Multiple return disbursement cycles to suit your various personal needs
- The return is calculated from the beginning of the day following the date of purchase of the certificate
- The value of the certificate is allowed to be redeemed after 6 months from the date of issuance according to the bank's redemption schedule
- The possibility of obtaining a facility/loan/credit card with a guarantee of the value of the certificate according to the bank's internal lending policy.
- The certificate is issued on the same day of submitting the application until 2 pm through branches and 4 pm through online banking. The certificate’s maturity date is calculated according to the certificate’s duration from the date of creation.
How to Calculate Return
For Fixed-Return Certificates
Example:
Certificate amount: 100,000 Egyptian pounds.
Fixed return rate: 10
Annual return calculation: 100,000 × Egyptian pounds (10 = ). 10,000 Egyptian pounds.
If the return is paid quarterly, an amount of 2,500 Egyptian pounds is added to your account linked to the certificate.
For Variable-Return Certificates
Example:
Certificate amount: 100,000 Egyptian pounds.
Reference return rate: 15%.
Pricing margin set by the bank: 1.5.
Annual return calculation: 100,000 ( × 15% – 1.5 = ). 100,000 × 13.5 = . EGP 13,500
If the interest is paid quarterly, EGP 3,375 will be added to your account linked to the certificate.
Note that when the reference rate changes, the new interest rate will be applied after the interest due to the customer's account for the current disbursement period is added, in accordance with the terms of the contract between the customer and the bank.
Breaking the CD Example
|
Amount |
1,000,000 |
||
|
Return Rate |
20.00% |
||
|
Breaking the CD Penalty |
First Year (after 6 months) |
Second Year |
Third Year |
|
16.00% |
15.00% |
14.00% |
|
|
|
((Certificate Amount * Number of days elapsed in the certificate's term) / Number of days in the year) * Breaking the CD penalty |
||
|
Number of days elapsed |
240 |
450 |
840 |
|
Penalty |
105,205 |
184,932 |
322,192 |
Certificate of deposit with fixed interest rate
Excellence CD
- The certificate is issued to individual clients
- The certificate term is 3 years
- The minimum amount for issuing the certificate is 100,000 EGP and the certificate category is 1,000 EGP and its multiples
- The annual return is 20%
- The return payment period is monthly
- The possibility of redeeming the certificate after 6 months from the issuance of the certificate according to the applicable redemption schedules
- The possibility of obtaining a facility/loan/credit card with the certificate value as a guarantee according to the bank's internal policy
PRIME (EGP)
- The certificate is issued to individual clients
- The certificate term is 3 years
- The minimum amount for issuing the certificate is 1,000 EGP and the certificate category is 1,000 EGP and its multiples
- The annual return is 19.50%
- The return payment period is monthly
- The possibility of redeeming the certificate after 6 months from the issuance of the certificate according to the applicable redemption schedules
- The possibility of obtaining a facility/loan/credit card with the certificate value as a guarantee according to the bank's internal policy
Plus - (EGP)
- Certificate duration 3 years.
- Certificates are issued in denominations of EGP 500 and its multiples with no limit.
- Interest frequency: (Monthly, Quarterly) as per Customer's preference.
- Eligibility for Secured Overdraft/ Loan/ Credit Card against Certificate value according to bank's internal credit policy.
- You can link the certificate through the online banking service.
All terms and conditions apply
El Forsa - (USD)
- Certificate duration 3 years.
- Certificates are issued in denominations of USD100 and its multiples.
- Interest frequency: (Monthly, Quarterly, Semi-annually, or Annually).
- Offered to individual and non individual customers.
- Redemption possibility: allowed after Six months of the certificate issuance date.
- Interest rates are calculated on Fixed basis.
- Eligibility for Secured facility against Certificate value according to bank's internal credit policy.
All terms and conditions apply
Crystal (5years EGP)
- Certificate duration 5 years.
- Certificates are issued with minimum amount of EGP 5000 and its multiples with no limit and available to individual customers only.
- Interest frequency: Monthly.
- Eligibility for Secured Overdraft/ Loan/ Credit Card against Certificate value according to bank's internal credit policy.
- You can link the certificate through the online banking service.
All terms and conditions apply
CRYSTAL (3YEARS EGP)
- Certificate duration 3 years.
- Certificates are issued with minimum amount EGP10,000 & increases with the multiples of EGP1,000
- No Maximum limit for CDs issuance.
- Available to Individual Customers only.
- Annual Interest rate up to 19.25%
- Different Interest frequency (Monthly, Quarterly, Annually)
- Certificates can be redeemed after the first six months of issuance, according to the bank redemption table.
- Eligibility for Secured Overdraft/ Loan/ Credit Card against Certificate value according to bank's internal credit policy.
- You can link the certificate through the online banking service.
Tamayoz CD
- Certificate duration 3 years.
- Certificates are issued with minimum amount of EGP 1 million with no limit
- Value date next working day of Certificate’s purchase date.
- Competitive annual interest rate paid monthly
- Eligibility for Secured Overdraft/ Loan/ Credit Card against Certificate value according to bank's internal credit policy.
- Certificates can be redeemed after the first six months of issuance, according to the bank redemption table.
- Issuance of certificates from all saib branches in Egypt
Saver CD
- Certificate duration 3 years.
- Certificates are issued with minimum amount of EGP 5000 and it’s multiplies below 1 million EGP and available to individual customers only.
- Value date next working day of Certificate’s purchase date.
- Competitive annual interest rate paid monthly
- Eligibility for Secured Overdraft/ Loan/ Credit Card against Certificate value according to bank's internal credit policy.
- Certificates can be redeemed after the first six months of issuance, according to the bank redemption table.
- Issuance of certificates from all channels (mobile banking – internet banking) & all saib branches in Egypt
Certificate of deposit with variable interest rate
saib One (EGP)
- Certificate duration 3 years.
- Certificates are issued in denominations of EGP 1,000 and its multiples with no limit.
- Interest frequency:(Daily)
- Interest rate is calculated according to the published CBE Corridor deposit rate Minus 1% (for Daily interest frequency).
- Eligibility for Secured Overdraft/ Loan/ Credit Card against Certificate value according to bank's internal policy.
- You can link the certificate through the online banking service.
All terms and conditions apply
saib Prime (EGP)
- Certificate duration 3 years.
- Certificates are issued in denominations of EGP 1,000 and its multiples with no limit.
- Interest frequency: (Monthly or Quarterly) as per customer's preference.
- Interest rate is calculated according to the published CBE Corridor deposit rate (Minus 0.5% for monthly interest frequency - Minus 0.25% for quarterly interest frequency)
- Eligibility for Secured Overdraft/ Loan/ Credit Card against Certificate value according to bank's internal policy.
- You can link the certificate through the online banking service.
