AAIB - Retail Banking - Certificate of Deposits

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AAIB Emerald Certificates of Deposit in EGP offer a full-range savings scheme with multiple saving options: a “One-Stop-Shop” catering for all your personal needs.

FEATURES

You can choose from the widest range of Emerald Certificates with different tenors (3 / 5 / 7 / 10 years) and different interest rates (fixed / floating / cumulative) with wide payment intervals (monthly, quarterly, semi-annual, and annually) to suit your personal needs. Over and above you get remarkably competitive interest rates. Certificates are issued in denominations of EGP 1,000 and its multiples.

Classification	Tenor	Return
Fixed Emerald Certificates	3 years 5 years 10 years	Paid Quarterly Annually Monthly Quarterly Semi-Annually Annually
Floating Emerald Certificates	3 years 5 years	Paid Monthly Quarterly Monthly Quarterly Semi-Annually Annually
Cumulative Return Emerald Certificates	7 years	Paid at Maturity

BENEFITS

	Highly competitive interest rates (tax exempt).
	Loans are available against the certificates up to a maximum of 90% of their face value except for the 8 years certificate (a maximum of 80% of face value).
	Credit Cards (Visa, MasterCard) can be issued against the Emerald Certificates free of charge for the first year for local credit cards on issuance fees, and 50% discount on issuance fees for International Credit Cards.
	Certificates are available to individuals as well as corporations.
	Certificates can be purchased for minors and on behalf of others.
	Interest can be credited to the client’s Current or Savings Account.
	Certificates can be kept in the bank’s custody.
	Certificates can be redeemed at any time after the first 6 months according to the redemption tables. The obligatory 10% minimum monthly payment of AAIB's Credit Cards balance is waived.

RATES

AAIB EGP Emerald Certificates	FIXED			FLOATING
	3 Yrs	5 Yrs	10 Yrs	3 Yrs	5 Yrs
Monthly	N/A	N/A	9.5%	CBE DR - 0.5%	CBE DR - 0.375%
Quarterly	10.25%	N/A	9.65%	9.00% EGP Cor.-0.50%	CBE DR - 0.250%
Semi-Annually	N/A	N/A	9.75%	N/A	CBE DR - 0.125%
Annually	N/A	10.5%	10%	N/A	CBE DR

	SAVINGS
	EGP	USD	EUR	GBP
Monthly	8.42%	0.85%	1.85%	2.1%
Quarterly	8.48%	0.9%	1.9%	2.15%
Semi-Annually	8.57%	0.95%	1.95%	2.2%
Annually	8.75%	1%	2%	2.25%
* CBE DR = Central Bank of Egypt Discount Rate. Currently 11.50%
* EGP Cor. = EGP Corridor System Bid rate 11.50%

** Rates are subject to change. To check most recent rates, please call our Call Center on 19555

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