12- month EGP Time Deposit — bank nxt | Banky

Editor-in-Chief Mohamed Salah

ع

Editor-in-Chief Mohamed Salah

BANKY NOW 3 Nov 2026
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12- month EGP Time Deposit

bank nxt · Deposits · Egyptian Pound · 3.0 · Saturday 10 October 2026 - 05:08 PM

A 12-month deposit offering an 8% return for individuals and corporates, with access to a credit facility of up to 90% of its value or a credit card secured by the deposit

Annual yield
8%
Term
1 yr
Min. deposit
EGP 500
Payout
At maturity

Banky Analysis

Suits you if

  • I want a predictable return
    • Fixed, unchanging return
  • Keep my money reachable
    • Pays out less frequently
  • I may need to break early

Not for you if

  • I need monthly income
    • Pays out less frequently
  • Grow my savings the most
    • Yield lower than average for this term

Not known yet

1 more detail we don't have yet

All of this is measured against products of up to 12 months in EGP only

Last checked Monday 02 November 2026 - 04:01 PM

Returns

Rate type
Fixed
Payout
At Maturity
Yield by payout
At maturity

Amount & term

Deposit type
Time Deposit
Term
1 yr
Min deposit
EGP 500
Negotiable
No

Withdrawal & renewal

Early withdrawal
Yes
Auto-renew
Yes
Renewal rate type
Prevailing
Usable as collateral
Yes
Available online
Yes
Branch visit required
Yes

Do the maths

12- month EGP Time Deposit

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

Our take 3.0

3.0 Banky rating

Pros

  • The option to obtain a credit facility of up to 90% of the deposit value.
  • The option to obtain a credit card secured by the deposit.

Cons

  • In case of early withdrawal, the return is recalculated based on the rate applicable to the nearest shorter deposit term, with a 3% deduction.

Our take

The 12-month deposit, offering an 8% return, is a savings option for individuals and corporates, with the possibility of obtaining a credit facility of up to 90% of the deposit value or a credit card secured by the deposit.

A 12-month deposit offering an 8% return for individuals and corporates, with access to a credit facility of up to 90% of its value or a credit card secured by the deposit

Compare

Alternatives at a glance
12- month EGP Time Deposit bank nxt This one 3-month fixed deposits National Bank of Kuwait Egypt Digital weekly deposit QNB EGYPT الوديعة سنتين CIB Egypt
Annual yield
8% 6.5% 9.5% 10% – 12%
Term
1 yr 3 mo 7 days 2 yrs
Min. deposit
EGP 500 EGP 5,000 EGP 100K EGP 5,000
Payout
At maturity At maturity At maturity Monthly
Compare with 3 similar deposits

Added Monday 24 August 2026 - 02:33 PM Updated Saturday 10 October 2026 - 05:06 PM