Smart Floating Certificate of Deposit with Minimum Interest Rate.
The Smart Floating Certificate of Deposit is an innovative savings solution designed to deliver a monthly income while offering the opportunity to achieve the best possible returns. Ensuring a guaranteed minimum interest rate, This Combine the potential for returns to grow with peace of mind and the protection of your investment.
Benefits:
- Smart Floating certificates of deposit are offered to individual customers.
- Smart Floating certificate of deposit offers a competitive interest rate linked to the Central Bank of Egypt Overnight Deposit Corridor Rate.
- Interest is calculated from the next day of issuance date.
- Ability to issue several CDs with different amounts, as there are no restrictions on the maximum amount or number of CDs.
- Ability to inquire about your CDs through QNB Electronic banking services.
- Possibility of obtaining credit facilities against your CD, with the same CD currency.
- Ability to break the certificate of deposit after 6 months from its issuance date.
General Conditions:
- Currency: - Available in EGP.
- CD Duration: - 3 Years.
- Interest Payment Frequency: - Monthly.
- Minimum issuance balance: - EGP 500,000 with multiples EGP 1,000.
Interest:
- The annual variable interest rate is paid monthly (according to CBE Corridor rate + 0.50%) with minimum floor interest.
| CD Type | Minimum Amount | Interest Payment Frequency | Current Interest Rate |
|---|---|---|---|
| SMART FLOATING CD with Minimum Interest |
Minimum EGP 500,000 for first issuance Multiples of EGP 1,000 |
Monthly |
19.50% (CBE Deposit corridor rate + 0.50% with minimum 17.25%) |
Effective 27 July 2026
Terms and Conditions Apply