Many customers look for savings products that combine a high return with a reasonable minimum to start investing, especially amid strong competition among banks to attract savings. Medium-term time deposits are among the leading options, offering a guaranteed return with a high degree of safety, which makes them suitable for those who want to grow their money without taking on investment risk.

In this report, Banky presents the best 18-month time deposit at banks in terms of interest rate and the minimum amount required, showing the expected return on an investment of EGP 1 million and the deposit's key features for customers.

Banque du Caire 18-month time deposit

  • Interest rate: up to 22%

  • Payout frequency: at maturity

  • Tenor: 18 months

  • Minimum: EGP 10,000

Worked example

A customer who invests EGP 1,000,000 in Banque du Caire's 18-month time deposit will receive a cumulative return paid at maturity:

  • Return: 1,000,000 * 22% = EGP 220,000

  • Total amount due at maturity: EGP 1,220,000

Features of Banque du Caire's time deposits with interest paid at maturity

  • Deposits can be opened and redeemed at any of the bank's branches

  • The interest due, and the deposit amount on redemption, can be credited to the customer's current or savings account as the customer prefers

  • The deposit can be renewed at the customer's request

  • Deposits can be opened in joint names or in the names of minors

  • Deposits can be issued to individuals and legal entities

  • A credit card can be issued against the deposit, subject to the applicable terms and conditions

  • Customers can borrow against the deposit in the same currency on easy terms

  • Opening USD deposits requires a USD current or savings account

  • No interest is paid if the deposit is liquidated within 7 days of opening or renewal

Documents required to open time deposits at Banque du Caire

  • Valid national ID card

  • Valid passport for foreigners

  • Birth certificate for minors, if the account is for a minor

  • A recent utility bill (electricity, gas, etc.) at the current address, if the address on the national ID card does not match the current residential address