Infinity CD
A 3-year floating-rate certificate tied to the Central Bank corridor rate, designed for high-net-worth clients.
- Individuals
- Minimum value EGP 5 Million and multiples of EGP 1 Million
- Term of 3 years
- Floating interest rate tied to CBE corridor rate
- Interest calculated from the next working day of issuance
- No issuance fees
- Eligible to borrow up to 90% of its value
- May be prematurely redeemed after the first 6 months
- Year 1: annual return rate discounted by 2%
- Year 2: annual return rate discounted by 1.5%
- Year 3: annual return rate discounted by 1%
- Copy of valid National ID (Egyptians) or passport (foreigners)
- Copy of birth certificate for minors
- Recent utility bill (electricity, telephone, etc.)