A term deposit (dépôt à terme / DAT) is the most common guaranteed savings product in Morocco. You lock a lump sum at your bank for a fixed period and earn a contractually agreed interest rate. Our calculator instantly shows gross interest, the 20% withholding tax, and your net capital at maturity.
A term deposit offers a contractually guaranteed return from day one — ideal if you know your investment horizon. A money market fund offers better liquidity (redemption within 48 h) but an indicative, non-guaranteed return. For a 6-month to 2-year horizon, the term deposit is often more profitable net of fees.
Term deposits suit savers who prioritise capital security and a guaranteed return known upfront. They are ideal for anyone with a lump sum (typically from MAD 10,000) sitting idle for 3 months to 2 years and unwilling to bear market risk. Retirees, civil servants, and anyone saving towards a fixed deadline — property purchase, children's education, a specific project — will find the term deposit the safest vehicle for medium-term savings in Morocco.
Term deposits are opened directly at your bank. The main institutions offering competitive rates are Attijariwafa Bank, Banque Populaire, CIH Bank, BMCE Bank of Africa, Société Générale Maroc and Bank of Africa. Rates are not publicly listed — ask at least two banks before committing. Deposits above MAD 500,000 are typically negotiable beyond standard rate schedules. Once signed, the rate is fixed for the full term. Automatic rollover (tacite reconduction) is common — always check the renewal conditions in your contract.
Sources: Bank Al-Maghrib — key rate and monetary statistics; AMMC — Moroccan savings regulation. Calculations are indicative and non-contractual. Consult your bank for a personalised rate.