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| Definition: |
The NBAD's 3 Years Certificate of deposits is a medium term saving plan in Egyptian Pound with a competitive FIXED interest rate enclosed with several frequencies of interest payments to match with financial needs of the certificate's holder. The certificate is available for Egyptian and Expatriate individuals.
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| Features: |
- The certificate is issued in Egyptian Pounds.
- Tenor of certificate is 3 years.
- Nominal value is EGP 500 and its multipliers, noting that minimum purchasing amount at the first time is EGP 1000.
- The applicant has an option to choose one of the following interest frequencies of payment:
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Frequency of interest payment
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** Current Applicable interest rate
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| Monthly Payment |
11.25% per annum |
| Quarterly Payment |
11.50% per annum |
| Annual Payment |
11.75% per annum |
| At Maturity |
12.50% per annum |
** Applicable interest rate is subject to changes based on bank's decision.
- Full/ Partial redemption is allowed after 6 months of the purchase date and according to the redemption schedule.
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| Benefits: |
- Free credit cards against the certificate
- Free debit card "Visa Electron" to withdraw the monthly/quarterly/annually interest 24/7 on NBAD's ATMs network across all Egypt as well as ATMs connected through 123 network. The card can be easily accessed in executing cash withdrawals, cash deposits, balance inquiry and foreign exchange. In addition to execute purchases locally and overseas.
- The customer is eligible for an overdraft facility against the certificate.
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| Required Documents: |
- Copy of valid Identification Card or resident's passport.
- Applicant's request.
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