Are you looking for medium term CDs with variable interest to accommodate to your needs? Floating CDs are the best choice for you.
Floating CD is a medium-term savings vehicle that provides you with monthly or quarterly interest payments, while benefiting from the floating interest rate that will maximize your
Benefits:
- Floating CDs offer you floating competitive interest rates based on the corridor rate announced by the Central Bank of Egypt
- Interest is calculated from the next day of issuance date.
- There are no limitations on the maximum amount of the CD or on the number of CDs that you can issue.
- The interest could be added to your QNB current, checking or savings account according to your choice.
- Interest payments can be easily withdrawn 24 hours a day, 7 days a week from your account through QNB Visa debit cards.
- Ability to reinvest interest payments to pay for insurance premiums, loan installments or simply to be credited to the savings account.
- Obtain credit facilities against the CD.
- CD amount can be refunded at any time after the first 6 months from issuance date according to published breaking schedule.
General Conditions:
- CDs are available in 3- and 5-years duration.
- Interest Payment Frequencies: Monthly & Quarterly
- Client must have a valid current, checking or savings account.
- Minimum age for CD issuance is 21 years.
- Minimum CD issuance is EGP1,000 with multiples EGP 1,000
Terms and conditions apply