Top 9 Term Deposits in August 2021

Publish Date: in Finance Today

Top 9 Term Deposits in August 2021

Find out the latest updates for saving deposits in Egyptian banks!

TDS are saving instruments that are offered by most banks, whereby you deposit a certain sum of money with the bank with a period of less than one year, and they pay you an agreed upon interest rate.

 

 If you are looking for a way to invest your money in a short period of time, Deposits /TDs are the best choice for you. A deposit’s duration ranges from one month to one year, and it always has a fixed interest rate, unlike the Certificate of Deposit which consists of 3 types of interest.


 

What do I need to apply for a Saving Deposit?

 

Generally, you only need two things:

  • Know Your Client “KYC” form
  • An account opening form to open your account


 

Here are the top 6 annual term deposits with the highest interest rate in August 2021:

 

1- ADIB

 

Duration: one year

Interest Rate: 6.55%


 

 2- HSBC

 

Duration: one year

Interest Rate: 6.50%


 

3 - Crédit Agricole

 

Duration: one year

Interest Rate: 6.00%

 

 If you are looking for a way to invest your money in a short period of time, Deposits /TDs are the best choice for you. 

 

4- Mashreq Bank

 

Duration: one year

Interest Rate: 6.00%  

 

5- ALEX Bank

 

Duration: one year

Interest Rate: 6.25%  

 

 

6- Arab African International Bank 

 

Duration: one year

Interest Rate: 5.50%          



 

7- Audi Bank

 

Duration: one year

Interest Rate: 5.50%


 

8- Arab Bank

 

Duration: one year

Interest Rate: 5.25%


 

9- Wafa Bank

 

Duration: one year

Interest Rate: 5.25%