Deposits

Barclays Time Deposits

• Offered in one, three, six or twelve month's investment terms in Egyptian Pounds and up to 3 months in major foreign currencies.
• A guaranteed interest rate is offered and varies depending on the amount of the deposit, which means that higher balances will be awarded higher interest rates.
• Minimum balance required of EGP 5,000 / or equivalent in major foreign currencies such as, US Dollars, Sterling Pounds and EURO.

Barclays Flexi 3 in 1 Time Deposit

• Offered in twelve month's investment terms in Egyptian Pounds only.
• A guaranteed flat fixed interest rate is offered yearly, payout on monthly basis.
• No penalty for withdrawal before maturity, tiered interest rates will be paid for different quarters for the balance amount the customer would withdraw as given below:
  • Quarter 1  1.50%
  • Quarter 2  2.50%
  • Quarter 3  6.50%
  • Quarter 4  8.00%
  • Maturity  8.25%
• Minimum balance required of EGP 20,000

Barclays Maxi Time Deposits

• Offered in twelve month's investment terms in Egyptian Pounds only.
• A guaranteed flat fixed interest rate is offered.
• Minimum balance required of EGP 50,000.
• An early breaking fee of 3% from the withdrawn amount for all withdrawals before maturity.

Barclays 3 Year Golden Certificate

• Duration is 3 years starting from the first business day after certificate purchase.
• Competitive interest rates are offered and vary according to interest payout (Monthly – Quarterly – Annually – at Maturity).
• Interest rate is fixed throughout the certificate period.
• Minimum breakage period is 6 months; no withdrawal can be made during the first 6 month.
• Penalty for withdrawal before maturity is 3% from the applied paid interest.
• Minimum amount for Certificate purchase is EGP 5,000 and its multiples.

Barclays 5 Year Platinum Certificate

• Duration is 5 years starting from the first business day after certificate purchase.
• Competitive interest rates are offered and vary according to interest payout (Monthly – Quarterly – Annually – at Maturity).
• Interest rate is fixed throughout the certificate period.
• Minimum breakage period is 6 months; no withdrawal can be made during the first 6 month.
• Penalty for withdrawal before maturity is 3% from the applied paid interest.
• Minimum amount for Certificate purchase is EGP 5,000 and its multiples.

Overdrafts

• Overdraft is lending against Time Deposits and Saving Certificates.
• Lending up to 90% of blocked amounts.
• Overdraft offers interest that is 3% above blocked amount rate for retail and 2% for premier.

More info

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