Short term TDs in EGP and Foreign currency
Do you want to save for a short term and receive your money as a huge lump sum with competitive return? QNB offers you a variety of short term Time Deposits that allow you to receive your money as a huge lump sum with competitive return, at the end of the Time Deposit duration.
Benefits:
- Fixed competitive return on your savings throughout the TD duration
- Flexibility in choosing your TD tenor starting from 1 week to 12 months
- Ability to issue several TDs with different amounts, as there are no restrictions on the maximum number or amount of TDs
- Interest and TD original amount are paid at maturity
- Ability to automatically renew the Time Deposit original amount along with the interest received or without the interest, upon your request
- Ability to break the time deposit at any time after its issuance date according to the announced breaking formula
- Ability to obtain information on your TD by subscribing to QNB Electronic banking services
- Possibility of obtaining credit facilities up to 90% of TD original amount in the same currency as issued TD
Features:
- Available in EGP and major foreign currencies
- Minimum age is 21 years
- Client must have a valid current, checking, or savings account in EGP or foreign currency at the bank according to TD currency
- Minimum TD issuance balance:
|
Minimum TD amount |
||
|---|---|---|
|
TD Duration |
in EGP |
in foreign currency |
|
1 Week |
100,000 |
Equivalent to USD 30,000 |
|
1 Month |
5,000 |
Equivalent to USD 5,000 |
|
3 Months |
5,000 |
|
|
6 Months |
5,000 |
|
|
12 Months |
5,000 |
|
1 year TD with different interest annuities payment
Are you in need of a fixed competitive return on your savings? You just need to issue a 1 year TD with QNB and receive competitive return on regular payment frequencies.
Benefits:
- Fixed competitive return on your savings throughout the TD duration
- Ability to issue several TDs with different amounts, as there are no restrictions on the maximum number or amount of TDs
- Interest is paid monthly, quarterly or semi-annually according to your choice
- Ability to automatically renew the Time Deposit original amount upon your request for TDs in EGP only
- Ability to break the time deposit at any time after its issuance date according to the announced breaking formula
- Ability to obtain information on your TDs by subscribing to QNB Electronic banking services
- Possibility of obtaining credit facilities against your TDs in EGP
Features:
- TD duration is 1 year
- Available in EGP, USD & EUR
- Minimum age is 21 years
- Client must have a valid current, checking, or savings account in EGP, USD or EUR at the bank according to TD currency
- Minimum issuance balance required:
|
Currency |
Minimum TD amount |
|
EGP |
25,000 |
|
USD |
5,000 |
|
EUR |
3,000 |
Terms and conditions apply