The Six-Month Variable-Rate Deposit — SUEZ CANAL BANK | Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

BANKY NOW 2 Nov 2026
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The Six-Month Variable-Rate Deposit

SUEZ CANAL BANK · Deposits · Egyptian Pound · 3.0 · Wednesday 21 October 2026 - 11:01 PM

A six-month deposit offering a variable return of up to 14.88%, with a minimum deposit of EGP 1,000 and access to credit facilities secured by the deposit.

Annual yield
11.38%
Term
6 mo
Min. deposit
EGP 1,000
Payout
At maturity

Banky Analysis

Not for you if

  • I need monthly income
    • Pays out less frequently
  • Grow my savings the most
    • Yield higher than average for this term
  • 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 6 months 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
Rate tiers
  1. EGP 1,000 – EGP 100,000 6 mo
    11.38%
  2. EGP 100,001 – EGP 500,000 6 mo
    12.38%
  3. EGP 500,001 – EGP 1,000,000 6 mo
    13.38%
  4. EGP 1,000,001 – EGP 5,000,000 6 mo
    13.88%
  5. EGP 5,000,001 – EGP 10,000,000 6 mo
    14.38%
  6. ≥ EGP 10,000,001 6 mo
    14.88%

Amount & term

Deposit type
Time Deposit
Term
6 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

The Six-Month Variable-Rate Deposit

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Results are estimates for guidance only and may differ from a bank's actual offer.

Our take 3.0

3.0 Banky rating

Pros

  • Access to secured financing, overdraft facilities, or credit cards for up to 90% of the deposit value
  • Variable return, pegged to the Central Bank of Egypt’s fluctuating deposit rate

Cons

  • Lower interest rates compared to other alternatives

Our take

The Six-Month Variable-Rate Deposit offered by Suez Canal Bank provides a return of up to 14.88%, with a minimum deposit of EGP 1,000, making it a suitable option for customers looking to invest their Egyptian pound savings over a six-month period. It also offers flexibility in directing returns at maturity to a current or savings account or reinvesting them in the deposit. Additionally, customers may qualify for secured financing, overdrafts, or credit cards of up to 90% of the deposit value, subject to the bank’s terms and conditions. However, as 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 attractive to customers seeking a fixed and predictable return.

A six-month deposit offering a variable return of up to 14.88%, with a minimum deposit of EGP 1,000 and access to credit facilities secured by the deposit.

Compare

Alternatives at a glance
The Six-Month Variable-Rate Deposit SUEZ CANAL BANK This one Traditional weekly deposit for individuals the united bank Digital Annual Deposit QNB EGYPT الوديعة سنتين CIB Egypt
Annual yield
11.38% 11.5% 11.25% 10% – 12%
Term
6 mo 1 mo 1 yr 2 yrs
Min. deposit
EGP 1,000 EGP 100K EGP 5,000 EGP 5,000
Payout
At maturity Upfront At maturity Monthly
Compare with 3 similar deposits

Added Wednesday 21 October 2026 - 10:48 PM Updated Wednesday 21 October 2026 - 11:01 PM