HSBC 10 Years Saving Certificates

The certificate is issued in EGP

The interest is paid monthly, quarterly, semi-annually or annually based on customer's choice and is credited to the customer's current or saving account

The minimum amount for buying the certificate is EGP 10,000

The amount of the certificate is in multiples of EGP 1,000

There is no ceiling for buying the certificate

The certificate is valid for only ten years (not renewed automatically) and is tax exempted

Full/Partial redemption is allowed after 6 months of the purchase date

Partial redemption should be in multiples of EGP 1,000 with a minimum amount of EGP 1,000 to be redeemed per transaction. The remaining value of the certificate should not be less than EGP 10,000 (as a minimum)

The certificate is available for natural persons (individuals only) in the name of the owner and NOT for juristic persons

The customer is eligible for an Asset-Link Loan/Overdraft against the certificate

The customer is eligible for a secured HSBC Credit Card against the certificate

The principle and interest can be collected from any HSBC Bank Egypt branch

Approval of Facilities and Credit Cards is subject to the Bank's Terms and Conditions.