Launch of Smart Savings Account

In line with the Bank’s strategic plan to continuously innovate and provide convenient banking products, Commercial Bank of Maldives (CBM) is proud to introduce Smart Savings Account to the customers.

The launch of Smart Savings Account is to encourage salaried Maldivians, aged above 18 years to save for the future. With a Smart Savings Account, customers will be able to manage their finances in a much smarter way which will lead to great fulfilment to themselves and their family members.

The uniqueness of this product is that customer will be able to select any maturity value starting from MVR 10,000 to MVR. 500,000 within a maturity period from 1-5 years


Withdrawals are not allowed from the SMART SAVINGS ACCOUNT except on maturity or under exceptional circumstances stated as below, and will only be allowed to withdraw if supporting documents are submitted to the Bank detailing the reason for the withdrawal. These include circumstances such as:

  • Employment termination
  • Medical emergency
  • To purchase an essential product (Customer can submit an invoice and the Bank will make direct payment for the purchase of the product).
  • Emergency educational purpose of their children
  • Emergency Travel

With our vision “To be the Trusted Financial Solutions partner for Growth, delivering excellence in Service Quality”, Commercial Bank of Maldives has always strived to provide customers with the best products and services in the Banking industry.

More information on these products and application forms will be available on the website Applicants can also download on the Digital Banking App as well as ePassbook App from both PlayStore & IOS App Store to self-manage their accounts maintained in CBM.