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| Definition: |
NBAD's 5 Years Certificate of deposits is a medium term saving plan in Egyptian Pound for Egyptians and Expatriates with
an attractive fixed interest rate to match with financial needs of the certificate holder. The interest to be credited to
customer’s account at the end of each term according to the type of certificate (Monthly – Quarterly – Annually – At Maturity).
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| Features: |
- The certificate is issued in Egyptian Pounds.
- Tenor of certificate is 5 years.
- Minimum available amount is EGP 5,000.
- Certificate Denominations: EGP 5,000, EGP 10,000, EGP 25,000, EGP 50,000, EGP 100,000 and EGP 500,000.
- Interest frequency details:
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Frequency of interest payment
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**Current Applicable interest rate
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| Monthly Payment |
11.50% per annum |
| Quarterly Payment |
11.75% per annum |
| Annually Payment |
12% per annum |
| At Maturity Payment |
12.75% per annum |
- Redemption is allowed after 6 months of the purchase date and according to the redemption schedule.
- Interest is credited directly to customer’s current or saving account. And it can be withdrawn by Visa Electron.
- The Customer is eligible for an overdraft facility against the certificate up to 90% from the CD value.
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| Benefits: |
Customers will have the following free benefits:
- NBAD Credit Cards against the certificate.
- Current account.
- Cheque book.
- “nbadOnline” service for inquiry.
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Terms and Conditions apply
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