Introducing Al Baraka Bank variable profit rate time deposits, available in both 6-month and 1-year tenors, offering you competitive monthly returns of up to 23%.
Terms and Conditions Apply
Al Baraka Bank Egypt B.S.C. (C) All rights reserved
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Features
- Variable profit: Considering corridor deposit rate and according to the investment actual results.
- Monthly profit disbursement.
- Different tiers to fit all needs
- Time Deposits Tenor: 6 months and one year
- Currency: EGP
- Payout frequency: Monthly
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Profit rate by tiers
TD - 6 Months
Minimum balance by tier Current Profit rate starting 1st of April 2024 Minimum Profit rate “in case of corridor rate decrease” Starting EGP 250K to EGP 5Mn 21% 10% More than EGP 5Mn to EGP 10Mn 21.50% 10.5% More than EGP 10Mn 22% 11% TD – 1 Year
Minimum balance by tier Current Profit rate starting 1st of April 2024 Minimum Profit rate “in case of corridor rate decrease” Starting EGP 250K to EGP 5Mn 22% 11% More than EGP 5Mn to EGP 10Mn 22.50% 11.5% More than EGP 10Mn 23% 12% Redemption rates:
- Redemption before one month from booking date: 100% deduction from TD profit
- Redemption after one month from booking date: 90% deduction from TD profit
For more information fill out the form below and one of Al Baraka Bank’s representatives will contact you.