24-month term deposits
The 24-month fixed-term deposit is a suitable option for individuals and companies looking for a stable monthly income, particularly because it offers a fixed annual return of 8.50% and requires a relatively low minimum deposit of EGP 5,000. The option to use the deposit as collateral for a loan or credit card also adds flexibility. However, the two-year maturity period limits liquidity, while the product is available only in Egyptian pounds. It is therefore more suitable for customers who have
- Annual yield
- 8.5%
- As the bank announces it: 8.5% سنوياً
- Term
- 2 yrs
- Min. deposit
- EGP 5,000
- Payout
- Monthly
Banky Analysis
Suits you if
- I need monthly income
- Pays out more frequently
- I want a predictable return
- Fixed, unchanging return
Not for you if
- Grow my savings the most
- Yield lower than average for this term
- 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
- Compounded monthly
- Yield by payout
- Monthly
- ≥ EGP 5,0008.5%As the bank announces it: 8.5% سنوياً
Amount & term
- Deposit type
- Time Deposit
- Term
- 2 yrs
- Min deposit
- EGP 5,000
- Negotiable
- No
Withdrawal & renewal
- Early withdrawal
- No
- Auto-renew
- Yes
- Renewal rate type
- Prevailing
- Usable as collateral
- No
- Available online
- Yes
- Branch visit required
- No
Do the maths
Our take
Pros
- Available to both individuals and companies.
- The deposit can be used as collateral for a loan or credit card.
Cons
- The 24-month maturity period limits access to the deposited funds for a relatively long period.
- Available in Egyptian pounds only, with no foreign currency option.
Our take
The 24-month fixed-term deposit is a suitable option for individuals and companies looking for a stable monthly income, particularly because it offers a fixed annual return of 8.50% and requires a relatively low minimum deposit of EGP 5,000. The option to use the deposit as collateral for a loan or credit card also adds flexibility. However, the two-year maturity period limits liquidity, while the product is available only in Egyptian pounds. It is therefore more suitable for customers who have surplus funds that they do not need in the short term and prefer a predictable monthly return.
The 24-month fixed-term deposit is a suitable option for individuals and companies looking for a stable monthly income, particularly because it offers a fixed annual return of 8.50% and requires a relatively low minimum deposit of EGP 5,000. The option to use the deposit as collateral for a loan or credit card also adds flexibility. However, the two-year maturity period limits liquidity, while the product is available only in Egyptian pounds. It is therefore more suitable for customers who have
Compare
| 24-month term deposits Emirates NBD This one | Digital weekly deposit QNB EGYPT | الوديعة سنتين CIB Egypt | 3-month fixed deposits National Bank of Kuwait Egypt |
|---|---|---|---|
| Annual yield | |||
| 8.5% | 9.5% | 10% – 12% | 6.5% |
| Term | |||
| 2 yrs | 7 days | 2 yrs | 3 mo |
| Min. deposit | |||
| EGP 5,000 | EGP 100K | EGP 5,000 | EGP 5,000 |
| Payout | |||
| Monthly | At maturity | Monthly | At maturity |
Added Tuesday 25 August 2026 - 03:47 PM Updated Friday 23 October 2026 - 12:03 AM