Enjoy attractive interest rates with a fixed deposit to earn higher returns for your investment.

Learn more about Fixed Deposits

Benefits of Current Accounts

  • You can earn a higher rate of interest.
  • You can request the Bank to renew your deposit at maturity with interest earned added to the capital or renew just the capital.
  • Interest is added to your Fixed Deposit account or paid directly to your nominated Commercial Bank of Maldives current or savings account, or any other bank account you nominate.

Interest Payment

  • For Fixed Deposits for 1 year , earn interest monthly or at maturity.
  • For others, interest will be paid only up on maturity

Placing a Fixed Deposit

  • You can visit our Main branch at Male and discuss your requirement with an officer of the branch
  • Interest rates applicable for Fixed Deposits are as follows.
Fixed Deposits Rate (MVR) Rate (USD)
Counter eFD Counter eFD
1 Month 1.60% 1.75% 1.35% -
3 Months 2.25% 2.50% 2.50% 2.60%
6 Months 2.50% 2.60% 2.75% 2.85%
12 Months - Monthly Interest 2.75% 3.00% - -
12 Months - Int. at Maturity 3.00% 3.10% 3.50% 3.75%
24 Months - Int. Annually - - 4.00% 4.10%
24 Months - Int. at Maturity 4.00% 4.10% - -
36 Months - Int. Annually - - 4.25% 4.35%
60 Months - at Maturity 4.25% 4.50% 4.75% 4.85%

Note: The above rates are for deposits up to MVR 500,000/- (or equivalent amount of USDs). For deposits above MVR 500,000/- (or equivalent amount of USDs).please contact the Treasury Department

Remember to take a valid identity document, passport and valid work permit in case of non residents. This is necessary for us to identify you.

Withdrawals

Withdrawals will be allowed only after the agreed period of the Fixed Deposit.

If you want to withdraw earlier than the agreed period, a lower interest rate will be applied for the period.

The Essentials
  • Choose to save for a fixed term and receive interest monthly or at maturity
  • The best way to earn a higher interest rate for your funds
  • You can place a Fixed Deposit in both MVR and USD
  • Minimum amount required is MVR 5,600 or USD 360