Floating CDs

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 return.

Benefits:

  • Floating CDs offer you floating competitive interest rates based on the corridor rate announced by the Central Bank of Egypt
  • CD amount can be refunded at any time after the first 6 months from issuance date according to 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 ALAHLI current, checking or savings account according to your choice
  • There are no limitations on the maximum amount of the CD or on 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  • Interest payments can be easily withdrawn 24 hours a day, 7 days a week from your account through QNB ALAHLI Visa debit cards
  • Obtain credit facilities against the CD

General Conditions:

  • CDs are available in 3 & 5 years duration
  • Minimum age for CD issuance is 21 years
  • Client must have a valid current, checking or savings account at the bank
  • Minimum CD issuance is EGP1,000
     

Terms and conditions apply