Monthly deposit with a variable return
A one-month deposit offering a variable return of up to 10.38%, suitable for customers seeking short-term savings options with access to credit facilities secured by the deposit.
- Annual yield
- 13.38%
- As the bank announces it: 13.38% a year
- Term
- 1 mo
- 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 1,00013.38%As the bank announces it: 13.38% a year
Amount & term
- Deposit type
- Time Deposit
- Term
- 1 mo
- 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 rates compared to other alternatives
Our take
The Monthly Variable-Rate Deposit offered by Suez Canal Bank provides customers with an opportunity to invest their Egyptian pound savings for one month, with a minimum deposit of EGP 1,000 and a return of up to 10.38%, payable at maturity. Customers can direct their returns to current or savings accounts or reinvest them in the deposit. The product also offers eligibility for secured financing, overdrafts, or credit cards of up to 90% of the deposit value, subject to the bank’s terms and conditions. However, since the return is linked to the Central Bank of Egypt’s deposit rate after deducting the reserve requirement, it is variable and not guaranteed to remain constant, which may make it less suitable for customers seeking a predictable, fixed return.
A one-month deposit offering a variable return of up to 10.38%, suitable for customers seeking short-term savings options with access to credit facilities secured by the deposit.
Compare
| Monthly deposit with a variable return SUEZ CANAL BANK This one | Ahlan Annual Deposit saib bank | monthly deposit the united bank | 1 year and up to less than 2 years National Bank of Egypt |
|---|---|---|---|
| Annual yield | |||
| 13.38% | 13.5% | 13% | 14.5% – 15.5% Yield by payout |
| Term | |||
| 1 mo | 1 yr | 1 mo | 2 yrs |
| Min. deposit | |||
| EGP 1,000 | EGP 1M | EGP 100K | EGP 1,000 |
| Payout | |||
| At maturity | Monthly | At maturity | Monthly 14.5% · Quarterly 15% · Semi-annual 15.25% · Annual 15.5% |
Added Wednesday 21 October 2026 - 10:32 PM Updated Tuesday 27 October 2026 - 12:35 AM