Can I withdraw my money early from a Moroccan term deposit?

Yes, most Moroccan banks allow early redemption, but they will apply a penalty — often reducing the rate to 0% or to the current account rate. To minimise liquidity risk, consider laddering your deposits across several maturities.

What DAT rate can I negotiate with a Moroccan bank?

Bank Al-Maghrib does not set a floor rate for term deposits. In practice, banks offer between 2.5% and 4% depending on the amount (above MAD 500,000 is negotiable), the term, and your client profile. Compare several institutions before committing.

Morocco Term Deposit (DAT) Calculator — real-time interest projection

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 30% withholding tax, and your net capital at maturity.

2025–2026 market rates: 2.5% to 4% depending on the bank and term
Tax: 30% withholding tax on interest (Finance Act 2026, art. 73)
Capital guaranteed: yes — DATs are covered by the Moroccan Deposit Guarantee Fund
Liquidity: low — early withdrawal possible but usually subject to a bank penalty
Minimum amount: typically MAD 10,000 (varies by bank)

Term deposit vs money market fund: which is better?

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.

Who should consider a term deposit?

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.

How to open a term deposit 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.

How does a term deposit (DAT) work in Morocco?

You lock a lump sum at your bank for a fixed period. The bank pays interest calculated on your initial deposit at the agreed rate. At maturity you receive principal + interest net of the 30% withholding tax. Most banks offer automatic rollover (tacite reconduction).

What tax applies to term deposits in Morocco in 2026?

Interest earned on a Moroccan term deposit is subject to a 30% withholding tax (retenue à la source libératoire) deducted directly by the bank (General Tax Code, article 73 — Finance Act 2026). You receive 80% of gross interest and have nothing else to declare.

Can I withdraw my money early from a term deposit?

Yes, most Moroccan banks allow early redemption, but apply a penalty — often reducing the rate to 0% or to the current account rate. Consider laddering your deposits across several maturities to limit liquidity risk.

What rate can I negotiate for a Moroccan term deposit?

Bank Al-Maghrib does not set a floor rate for term deposits. Banks typically offer 2.5% to 4% depending on the amount (above MAD 500,000 is negotiable), the term, and your client profile. Compare several institutions before committing.

Worked projection: 50,000 MAD invested in a term deposit (DAT)

Illustrative scenario computed with our simulator: 50,000 MAD initial capital, 500 MAD monthly contribution, indicative annual return of 3% / yr, taxation 30% withheld (2026 Finance Act). Indicative figures — past performance does not guarantee future results.

Term deposit projection — 50,000 MAD + 500 MAD/mo, 3% / yr
Horizon	Total invested	Gross capital	Estimated tax	Net-of-tax capital	Net gain
1 yr	56 000 MAD	57 604 MAD	481 MAD	57 123 MAD	+1 123 MAD
3 yrs	68 000 MAD	73 513 MAD	1 654 MAD	71 859 MAD	+3 859 MAD
5 yrs	80 000 MAD	90 404 MAD	3 121 MAD	87 283 MAD	+7 283 MAD
10 yrs	110 000 MAD	137 338 MAD	8 202 MAD	129 137 MAD	+19 137 MAD
15 yrs	140 000 MAD	191 858 MAD	15 557 MAD	176 301 MAD	+36 301 MAD
20 yrs	170 000 MAD	255 189 MAD	25 557 MAD	229 632 MAD	+59 632 MAD

Over 20 years, a saver who set aside 170 000 MAD in total would build net-of-tax capital of 229 632 MAD — a 1.40× multiple of cumulative savings.

Term deposit vs other Moroccan products

For the same savings effort (50,000 MAD + 500 MAD/mo), here is the estimated net-of-tax capital under the 2026 Finance Act:

Estimated net-of-tax capital comparison — same investment
Product	Indicative rate	Tax (2026)	After 5 yrs	After 10 yrs	After 20 yrs
Term deposit	3% / yr	30% withheld	87 283 MAD	129 137 MAD	229 632 MAD
Treasury bills	3.5% / yr	30% interest	88 596 MAD	132 843 MAD	242 814 MAD
Bond fund	4% / yr	20% redemption gains	91 359 MAD	140 533 MAD	269 613 MAD

Over 20 years, Term deposit produces 0.94× the net capital of Treasury bills (229 632 MAD vs 242 814 MAD) in this scenario. Adjust these inputs to your profile with our savings comparator.

Other Morocco savings calculators

Money Market Fund Bond Fund Treasury Bills Housing Savings Plan Casablanca Stock Exchange Compare all

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.