Is a gift offered by the bank in exchange for maintaining a high balance in the account considered usury (riba)? And is it permissible to take it and donate it to the needy?

The amount that the bank pays as a gift in exchange for depositing money is usury (riba). It is not permissible to open an account in a usurious bank (current or savings) except in cases of extreme necessity when there is no Islamic bank that serves the purpose. In this case, it is preferable to open a current account to avoid interest. If a savings account is opened, the usurious interest must be disposed of by spending it on charitable causes and for the poor, and it is not permissible to own it.