The One-Year 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 One-Year Variable-Rate Deposit

SUEZ CANAL BANK · Deposits · Egyptian Pound · 3.0 · Wednesday 21 October 2026 - 11:16 PM

A one-year deposit offering a variable return of up to 15.38%, with a minimum deposit of EGP 1,000 and access to credit facilities secured by the deposit.

Annual yield
11.88%
As the bank announces it: 11.88% a year
Term
1 yr
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
  • I may need to break early

All of this is measured against products of up to 12 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 1 yr
    11.88%
    As the bank announces it: 11.88% a year
  2. EGP 100,001 – EGP 500,000 1 yr
    12.88%
    As the bank announces it: 12.88% a year
  3. EGP 500,001 – EGP 1,000,000 1 yr
    13.88%
    As the bank announces it: 13.88% a year
  4. EGP 1,000,001 – EGP 5,000,000 1 yr
    14.38%
    As the bank announces it: 14.38% a year
  5. EGP 5,000,001 – EGP 10,000,000 1 yr
    14.88%
    As the bank announces it: 14.88% a year
  6. ≥ EGP 10,000,001 1 yr
    15.38%
    As the bank announces it: 15.38% a year

Amount & term

Deposit type
Time Deposit
Term
1 yr
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 One-Year 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 One-Year Variable-Rate Deposit offered by Suez Canal Bank provides a return of up to 15.38%, with a minimum deposit of EGP 1,000, making it a suitable option for customers looking to invest their Egyptian pound savings for one year. 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 may fluctuate throughout the deposit term, making it less suitable for customers seeking a fixed and predictable return.

A one-year deposit offering a variable return of up to 15.38%, with a minimum deposit of EGP 1,000 and access to credit facilities secured by the deposit.

Compare

Alternatives at a glance
The One-Year Variable-Rate Deposit SUEZ CANAL BANK This one Traditional weekly deposit for individuals the united bank Digital Annual Deposit QNB EGYPT Ahlan Annual Deposit saib bank
Annual yield
11.88% 11.5% 11.25% 13.5%
Term
1 yr 1 mo 1 yr 1 yr
Min. deposit
EGP 1,000 EGP 100K EGP 5,000 EGP 1M
Payout
At maturity Upfront At maturity Monthly
Compare with 3 similar deposits

Added Wednesday 21 October 2026 - 11:11 PM Updated Saturday 31 October 2026 - 03:17 PM