It is a Medium term secured savings investment with floating interest rate linked to CONIA benchmark to accommodate with your needs for higher rate
CONIA is an EGP risk-free rate based on the overnight interbank data collected by the CBE that would serve as a reliable benchmark for price discovery and interest rate management.
Benefits:
- Offer you floating competitive average monthly interest rates linked to CONIA benchmark (announced daily by the Central Bank of Egypt)
- CD amount can be redeemed at any time after 6 months from its issuance date according to the published breaking schedule
- Ability to reinvest interest payments to pay for insurance premiums, loan installments or simply to be credited to the savings account
- The interest could be added to your QNB current, checking or savings account according to your choice
- There are no limitations on the maximum amount of the CD or the number of CDs that you can issue
- Interest payments can be easily withdrawn 24 hours a day, 7 days a week from your account through QNB debit cards
Features:
- CD tenor is 3 years
- Minimum CD issuance amount is EGP50,000
- Monthly Interest Payment Frequency
- Interest is calculated from the next working day of issuance date
- Issue the certificate for minors and on behalf of others
- Available in EGP only with no maximum amount
Terms and conditions apply
To apply, e-mail us on [email protected] and a bank representative will contact you shortly
For more information, please call 19700 or visit nearest branch