Short Term Deposits

Short Term Deposits

Our Short-Term Deposits offer you competitive interest rates, in both local and foreign currencies, in a wide variety of tenors ranging from one week to one Year.

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Features

  • Competitive interest rates
  • Flexible tenors
  • Flexible interest payment frequency (Monthly, Quarterly, Semi-annually or At Maturity) 
  • Optional automatic renewal upon customers’ request

Benefits


Interest rates:

Time Deposits with interest paid at maturity
Period 1 Week 2 Weeks 1 Month 2 Months 3 Months 6 Months 9 Months 12 Months
EGP 0.50% 0.50% 2.00% 2.00% 2.25% 2.50% 3.00% 3.25%
USD (up to) 0.125% - 0.125% 0.125% 0.125% 0.125% - 0.125%
EUR (up to) 0.01% - 0.02% 0.02% 0.05% 0.13% - 0.25%
GBP (up to) 0.20 % - 0.20% 0.20% 0.30% 0.40% - 0.50%
EGP Time Deposits with monthly interest payout
Period Interest Rate
3 Months 7.00%
6 Months 7.00%
1 Year 6.50%

More Informations

  • By visiting your nearest ABK-Egypt Branch

  • Important Information regarding procedures for opening a new account

    In a bid to help the government combat terrorism financing and money laundering activities. The Central Bank of Egypt has imposed regulations requiring all financial institutions to obtain, verify and record information identifying the customer opening an account by filling a "Know Your Client" form.

  • For more details regarding interest calculation or breakage calculation please click here

The required documents that should be obtained to open an individual account are:

For Egyptians
  1. Valid Customer ID
  2. In case of any mismatched information with the provided ID, the following documents might be required:
    1. Recent utility Bill for the current address
    2. Document proving latest employment data

For Resident Foreigners
  1. Valid passport for at least 6 months
  2. Residence documentation along with customer’s address in Egypt
  3. Profession license /taxes card or document proving residence reason

Contact Info

For more information, please visit ABK-Egypt nearest branch or contact our call center 24/7 at 19322