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Frequently Asked Questions

Fixed Certificates of Deposit FAQs

What is the 3 year Fixed Certificate of Deposit?

This is a fixed deposit where the funds are tied for a period of 3 years. This CD is giving at the moment the highest interest rate for monthly and quarterly returns.

What is the minimum amount to open the 3 year Fixed CD?

EGP 5,000 and multiples of EGP 1,000

What is the duration of the Fixed CD?

3 years

How often is the interest paid and how much is this interest?

Interest on the Fixed CD can be paid Monthly or Quarterly, for the current pulished interest rate please refer to the product page on our website or visit your nearest NBG branch or call 16272

When is the interest calculated?

Next day of the buying date.

When can the Fixed CD be cancelled?

Fixed CD can only be cancelled after 6 months. Customer has no access to these funds until this time.However he may immediately apply for an overdraft or cash loan against the certificate of deposit.

What are the cancellation fees for the Fixed CD?

Please check at the branch.

What is the minimum age to apply for this Fixed CD?

Minors are eligible to apply.

What if the customer needs to withdraw some of the CD amount or the entire amount?

  1. Customer can instruct bank to redeem Fixed CD and credit funds (principal + interest) into customer’s account.
  2. Customer can borrow against this certificate up to 90% of its nominal value at interest rate 2% above applicable certificate interest rate.

How is the interest credited?

Customer can instruct the bank to credit the interest into a specified account either at NBG or to any other bank