Accounts and Deposits

Deposits Accounts

In Egyptian pounds:

The bank opens a deposits account for a limited term and with prior notification, for a period spanning between seven days and more than seven years
The full deposit can be redeemed at any time before maturity date, according to applicable redemption regulations at the bank
Upon maturation, the interest is registered in the current or savings accounts, or is added to the original deposit, according to the customer’s request
Loans can be taken out against the deposits, according to the regulations stipulated by the bank
Credit cards can be issued with the deposit acting as a guarantee, according to the regulations stipulated by the bank

In foreign currencies:

Banque Misr offers a series of deposits in foreign currencies with various terms, according to the customer’s wishes
Interest is registered in the current or savings accounts, or is added to the original deposit, according to the customer’s request
Upon redeeming the deposit prior to maturation, the interest is dispensed for the actual period of deposit
Deposits can be made for minors or others in accordance with the regulations stipulated by the bank
Loans can be taken out against the deposits, according to the regulations stipulated by the bank