Two-week deposit with a variable return
A two-week deposit offering a variable return of up to 10.88%, suitable for customers looking to invest their Egyptian pound savings over the short term.
- Annual yield
- 10.88%
- As the bank announces it: 10.88% a year
- Term
- 14 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
- 14 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
- Access to 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/yield compared to other alternatives
Our take
The Two-Week Variable-Rate Deposit offered by Suez Canal Bank stands out for its short tenor, giving customers greater flexibility in managing and investing their savings over a brief period. With a minimum deposit of EGP 1,000 and a return of up to 10.88%, paid at maturity, the deposit also allows customers to transfer their returns to current or savings accounts or reinvest them in the deposit. However, since the return is linked to the Central Bank of Egypt’s deposit rate after deducting the reserve requirement, it remains variable, which may make the product less attractive to customers who prefer a fixed and predictable return.
A two-week deposit offering a variable return of up to 10.88%, suitable for customers looking to invest their Egyptian pound savings over the short term.
Compare
| Two-week deposit with a 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 | |||
| 14 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 - 10:28 PM Updated Tuesday 27 October 2026 - 12:34 AM