Suez Canal Bank offers a range of savings certificates in Egyptian pounds and US dollars to meet the needs of customers who want to invest their savings and earn a regular return, paid daily, monthly, quarterly, semi-annually or annually.

Suez Canal Bank's certificates include both fixed-rate and floating-rate options, with different interest rates, tenors and minimum purchase amounts, giving customers several choices to find the certificate that suits their financial needs.

First: Suez Canal Bank certificates in Egyptian pounds

Classic 3-year certificate

  • Annual interest rate with monthly payout: 17.75%.

  • Annual interest rate with quarterly payout: 17.85%.

  • Tenor: 3 years.

  • Minimum purchase: EGP 1,000 and multiples thereof.

Certificate features:

  • Certificates can be opened through mobile banking.

  • Interest is calculated from the business day after the certificate is purchased.

  • A loan and a credit card are available in line with the bank's credit policy.

  • The certificate cannot be redeemed until 6 months after its issue date.

Elite Star certificate

  • Annual interest rate: 18%.

  • Tenor: 3 years.

  • Minimum purchase: EGP 100,000.

  • Payout frequency: monthly.

Certificate features:

  • Certificates can be opened through mobile banking.

  • Interest is calculated from the business day after the certificate is purchased.

  • A loan and a credit card are available in line with the bank's credit policy.

  • The certificate cannot be redeemed until 6 months after its issue date.

  • Suez Canal Bank credit cards are available secured against the certificate.

Gari Flex floating-rate certificate

  • Annual interest rate: 19.25%.

  • Minimum interest rate: 17.25%.

  • Tenor: 3 years.

  • Minimum purchase: EGP 1,000.

  • Payout frequency: daily.

Certificate features:

  • Interest is calculated from the business day after the certificate is purchased.

  • No issuance fees.

  • A loan and a credit card are available in line with the bank's credit policy.

Gari Plus floating-rate certificate

  • Annual interest rate: 19.50%.

  • Tenor: 3 years.

  • Payout frequency: monthly.

  • Minimum: EGP 1,000.

Certificate features:

  • Interest is calculated from the business day after the certificate is purchased.

  • No issuance fees.

  • A loan and a credit card are available in line with the bank's credit policy.

Infinity 3-year certificate

  • Tenor: 3 years.

  • Minimum purchase: EGP 5 million.

  • Annual interest rate: 19%.

  • Payout frequency: daily.

Certificate features:

  • Interest is calculated from the business day after the certificate is purchased.

  • No issuance fees.

  • A loan and a credit card are available in line with the bank's credit policy.

Second: Suez Canal Bank certificates in US dollars

3-year fixed-rate USD certificate

  • Tenor: 3 years.

  • Annual interest rate with monthly payout: 4.25%.

  • Annual interest rate with quarterly payout: 4.27%.

  • Annual interest rate with semi-annual payout: 4.30%.

  • Annual interest rate with annual payout: 4.35%.

  • Minimum purchase: USD 100.

Certificate features:

  • Borrowing against the certificate of up to 85% of its value, at an interest rate 2% above the rate applied to the certificate.

  • Fixed interest rate for the full tenor of the certificate.

  • Interest is paid monthly, quarterly, semi-annually or annually.

5-year fixed-rate USD certificate

  • Tenor: 5 years.

  • Annual interest rate with monthly payout: 3%.

  • Annual interest rate with quarterly payout: 3.05%.

  • Annual interest rate with semi-annual payout: 3.10%.

  • Annual interest rate with annual payout: 3.15%.

  • Minimum purchase: USD 100.

Certificate features:

  • Borrowing against the certificate of up to 85% of its value, at an interest rate 2% above the rate applied to the certificate.

  • Fixed interest rate for the full tenor of the certificate.

  • Interest is paid monthly, quarterly, semi-annually or annually.

Third: Documents required to buy Suez Canal Bank certificates

The documents required vary with the type of certificate and the customer's situation, including whether they already hold an account with the bank or need to open a new one.

  • In general, the documents the bank may request include:

  • A valid national ID card for Egyptians.

  • A valid passport for foreigners, subject to the applicable conditions.

  • Account-opening documents for new customers.

  • Additional documents depending on the type of certificate and the bank's requirements.

Banky's view:

Suez Canal Bank's certificates give customers a variety of options for investing their savings according to the amount they have and their financial needs. The Classic certificate suits customers looking for a fixed return, while the Gari Flex and Gari Plus certificates offer a floating rate with different payout frequencies. The Infinity certificate targets large savers, and the Elite Star certificate offers a fixed monthly return.

The USD certificates also offer a way to save in foreign currency while earning a fixed rate for the full tenor. Customers are therefore advised to compare interest rates, payout frequency, minimum purchase amounts and redemption terms before deciding to invest, and to choose the certificate that matches their financial goals and liquidity needs.