Banque du Caire offers upfront time deposits at competitive interest rates
Updated 10/16/2022 2:12:00 PM
Arab Finance: Banque du Caire (BDC) (BQDC) is offering its customers time deposits (TDs) at the highest competitive upfront interest rates, according to an emailed press release on October 16th.
The one-year upfront time deposit carries an interest of 9.25%, while the six-month and the three-month upfront TDs have interest rates of 9% each.
The amount for issuing the TDs is EGP 100,000 and its multiples, with the minimum issuance balance at EGP 300,000, the bank revealed on its official website.
The total TD interest is credited by the following day of the issuance, the bank noted.
The TD is renewable as per the clients’ request, BDC pointed out, adding that the TD is breakable any time before maturity.
