What is the minimum amount needed to place a deposit? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What is the minimum amount needed to place a deposit?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

The minimum for deposits is usually higher than for certificates, and it varies with the deposit tenor. Short-term deposits (such as one week or one month) may require a high minimum (for example EGP 100,000), while one-year deposits may start from EGP 1,000 or EGP 5,000.

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