Elegance deposits — The Industrial Development Bank | Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

BANKY NOW 2 Nov 2026
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Elegance deposits

The Industrial Development Bank · Deposits · Egyptian Pound · 4.0 · Monday 24 August 2026 - 02:16 PM

Elegance Deposit offers a competitive return, particularly when interest is paid at maturity, with early redemption available after six months.

Total yield by payout
17.25% – 22.5%
Over 18 mo
Term
18 mo
Min. deposit
EGP 100K
Payout
At maturity 22.5% total · Upfront 17.25% total

Banky Analysis

Suits you if

  • I need monthly income
    • Pays out more frequently
  • Grow my savings the most
    • Yield higher than average for this term
  • I want a predictable return
    • Fixed, unchanging return

Not for you if

  • Keep my money reachable
    • Pays out more frequently
  • I may need to break early

All of this is measured against products of up to 24 months in EGP only

Last checked Monday 02 November 2026 - 04:01 PM

Returns

Rate type
Fixed
Payout
Multiple
Yield by payout
At maturity 22.5% total · Upfront 17.25% total
Rate tiers
  1. ≥ EGP 100,000 18 moAt Maturity
    15% 22.5% announced
  2. ≥ EGP 100,000 18 moUpfront
    11.5% 17.25% announced

Amount & term

Deposit type
Time Deposit
Term
18 mo
Min deposit
EGP 100,000
Negotiable
No

Withdrawal & renewal

Early withdrawal
No
Auto-renew
Yes
Renewal rate type
Prevailing
Usable as collateral
Yes
Available online
Yes
Branch visit required
Yes

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Elegance deposits

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Results are estimates for guidance only and may differ from a bank's actual offer.

Our take 4.0

4.0 Banky rating

Pros

  • High return: Up to 22.5% at maturity, or 17.25% with upfront interest.
  • Financing flexibility: Customers can borrow against the deposit, subject to the bank’s terms and conditions.
  • available to both individuals and businesses.

Cons

  • Relatively long tenor

Our take

Elegance Deposit is a strong option for customers seeking a high, fixed return on EGP savings, particularly with a 22.5% maturity return, but it is more suitable for customers who can commit their funds for 18 months.

Elegance Deposit offers a competitive return, particularly when interest is paid at maturity, with early redemption available after six months.

Compare

Alternatives at a glance
Elegance deposits The Industrial Development Bank This one Traditional weekly deposit for individuals the united bank Digital Annual Deposit QNB EGYPT الوديعة سنتين CIB Egypt
Total yield by payout
17.25% – 22.5% 11.5% Annual yield11.25% Annual yield10% – 12% Annual yield
Term
18 mo 1 mo 1 yr 2 yrs
Min. deposit
EGP 100K EGP 100K EGP 5,000 EGP 5,000
Payout
At maturity 22.5% total · Upfront 17.25% total Upfront At maturity Monthly
Compare with 3 similar deposits

Added Monday 24 August 2026 - 02:13 PM Updated Wednesday 26 August 2026 - 10:10 PM