Weekly Deposit with Variable Return
A short-term deposit offering a variable return of up to 10.88%, suitable for customers seeking to invest their Egyptian pound savings for one week with a low minimum deposit.
- Annual yield
- 10.88%
- As the bank announces it: 10.88% a year
- Term
- 7 days
- Min. deposit
- EGP 1,000
- Payout
- At maturity
Banky Analysis
Suits you if
- Grow my savings the most
- Yield higher than average for this term
Not for you if
- I need monthly income
- Pays out less frequently
- I want a predictable return
- Variable return
- Keep my money reachable
- Shorter lock-in
- I may need to break early
What's good
- Shorter lock-in
All of this is measured against products of up to 1 month in EGP only
Last checked Monday 02 November 2026 - 04:01 PM
Returns
- Rate type
- Floating Cbe
- Payout
- At Maturity
- Yield by payout
- At maturity
- ≥ EGP 1,00010.88%As the bank announces it: 10.88% a year
Amount & term
- Deposit type
- Time Deposit
- Term
- 7 days
- Min deposit
- EGP 1,000
- Negotiable
- No
Withdrawal & renewal
- Early withdrawal
- No
- Auto-renew
- No
- Usable as collateral
- Yes
- Available online
- No
- Branch visit required
- Yes
Do the maths
Our take
Pros
- Obtain secured financing, overdraft facilities, or credit cards for up to 90% of the deposit value.
- Variable return, linked to the Central Bank of Egypt’s fluctuating deposit rate.
Cons
- Lower interest rates compared to other alternatives
Our take
The Weekly Variable-Rate Deposit offered by Suez Canal Bank stands out for its short tenor, giving customers the flexibility to manage their savings and benefit from returns over a brief period, with a minimum deposit starting at just EGP 1,000. It offers a return of up to 10.88%, paid at maturity, and linked to the Central Bank of Egypt’s deposit rate after deducting the reserve requirement, making the return subject to changes in interest rates. However, this variable-rate structure makes future returns less predictable, while the payment of interest at maturity may not suit customers seeking a regular income stream.
A short-term deposit offering a variable return of up to 10.88%, suitable for customers seeking to invest their Egyptian pound savings for one week with a low minimum deposit.
Compare
| Weekly Deposit with Variable Return SUEZ CANAL BANK This one | 6-month digital deposit QNB EGYPT | Traditional weekly deposit for individuals the united bank | الوديعة سنتين CIB Egypt |
|---|---|---|---|
| Annual yield | |||
| 10.88% | 11% | 11.5% | 10% – 12% |
| Term | |||
| 7 days | 6 mo | 1 mo | 2 yrs |
| Min. deposit | |||
| EGP 1,000 | EGP 5,000 | EGP 100K | EGP 5,000 |
| Payout | |||
| At maturity | At maturity | Upfront | Monthly |
Added Wednesday 21 October 2026 - 10:21 PM Updated Tuesday 27 October 2026 - 12:34 AM