QNB

QNB ALAHLI raises the interest rate on Certificates of Deposits

Posted on : Sun, 04 Feb 2024

QNB ALAHLI raises the interest rate on Certificates of Deposits with a fixed annual interest rate up to 22.25% paid monthly


QNB ALAHLI has increased the fixed annual interest rate on the 3-Years fixed CDs to reach 22.25%, that is paid monthly, as well as introduced new variety of CDs targeting all customer segments. “QNB First CD” can be issued with a minimum of 500 thousand Egyptian Pounds.
In this regard, the return on QNB ALAHLI’s CDs has been increased for 3 years with a fixed interest rate in Egyptian Pounds, which can be issued with minimum 1000 Egyptian Pounds. 
The "Exclusive" CD can be issued with a minimum of EGP 1 million for the first issuance of the certificate,  "First Plus" certificate with a minimum of EGP 5 million for the first issuance of the certificate, and "Ultra" certificate, which can be issued with a minimum of EGP 10 million for the first issuance of the certificate, noting that all CDs can be issued in multiples of 1,000 Egyptian Pounds after the first issuance.
This comes within the framework of the bank's endeavor to meet the needs of the largest possible number of customers and provide the best services and advanced banking products, being a subsidiary of QNB, the largest financial institution in the Middle East and Africa.
These CDs allow you to add interest to QNB ALAHLI Current Account, checking account or Savings Account, and the interest can be reinvested to pay insurance premiums, as well as the possibility of obtaining a loan or issuing a credit card against CDs.
The CDs can also be issued through electronic channels (mobile banking and Internet banking) or by visiting one of the bank branches, which are 234 branches all over Egypt. The bank is keen to provide products and services that fulfil all customer segments according to the latest development that happens in the global and local markets.