Suez Canal Bank offers a number of savings accounts to meet different customer needs, whether customers are looking for the highest return on their savings or want to open an account with a low minimum. In this report, Banky reviews the main options available to customers, depending on their goal in opening a savings account.

Looking for the highest interest? The Infinity savings account offers you the highest return on your savings

Customers looking for the highest interest on a Suez Canal Bank savings account can choose the “Infinity” savings account, which offers a return of up to 18% a year, paid monthly, on savings starting from EGP 20 million.

Infinity savings account details

  • Minimum balance to open the account: EGP 10,000.

  • Minimum balance to earn interest: EGP 20 million.

  • Interest is calculated on the lowest balance held in the account during the month.

  • Payout frequency: monthly.

Interest rates on the Infinity savings account

  • Less than EGP 20 million: 0%

  • EGP 20 million and above: 18% a year, paid monthly

Infinity savings account features

  • No account opening fees.

  • No account maintenance fees.

  • Easy cash deposits and withdrawals.

  • Fast local and international transfers.

  • A debit card for withdrawing cash from any ATM and making purchases.

  • Access to Suez Canal Bank credit cards and online banking services.

Required documents

  • A copy of a valid national ID card for Egyptians, with the original presented.

  • A copy of the passport for foreigners, with a valid residence document and the original presented.

  • A recent utility bill (electricity, telephone or other).

  • Other documents may be requested.

Looking for a savings account with the lowest opening minimum? The E-Saving account

Customers looking for a savings account with a lower minimum opening balance can choose the “E-Saving” account, which can be opened from EGP 5,000 and offers a return of up to 17% a year, paid monthly, depending on the balance tier.

E-Saving account details

  • Eligibility: individuals only, through mobile or internet banking.

  • Minimum to open the account: EGP 5,000.

  • Interest is calculated on the lowest daily credit balance during the month.

  • Payout frequency: monthly.

Interest rates on the E-Saving account

  • Less than EGP 1 million: 14.5% a year, paid monthly

  • EGP 1 million and above: 17% a year, paid monthly

E-Saving account features

  • No account opening fees.

  • Easy cash deposits and withdrawals through ATMs; cash deposits and withdrawals at branches are not allowed.

  • Easy transfers through mobile or internet banking.

  • A debit card for withdrawing cash from any ATM and making purchases.

  • Access to Suez Canal Bank credit cards and the bank's other online banking services.

How to apply for the E-Saving account — for new customers:

  • Visit any Suez Canal Bank branch to first open a savings or current account with a balance of at least EGP 5,000, so the customer can receive transfers from any other bank.

  • Download and activate the mobile app.

  • Open an E-Saving account through mobile or internet banking by transferring at least EGP 5,000 from the original savings or current account.

For existing customers:

  • Customers who already hold a savings or current account at Suez Canal Bank can log in to mobile or internet banking and open an E-Saving account with at least EGP 5,000, by transferring the amount from their current or savings account.