Earn higher returns
When it comes to savings, be in control with a fixed deposit. Simply decide how much money you want to put away and the period of time you want to invest for. Get guaranteed returns, always higher than a normal savings account.
What you need to know to get started and lock your savings away.
Find more about our rates and fees here.
Fixed deposit
Effective as from 11 September 2017
Rates applicable to deposits greater than MUR 100,000 but less than MUR 25,000,000
7-day deposits / 3-month deposits
| 7 Days | 3 Months | |
|---|---|---|
|
Rates p.a.: |
0.10% |
0.30% |
Deposits of 12 to 60 months
Interest (% p.a.) applicable above MCB savings base rate and payable as per table below.
| Months: | Monthly | Quarterly | Yearly | Maturity |
|---|---|---|---|---|
|
12 |
+0.250% |
+0.255% |
+0.265% |
+0.265% |
|
24 |
+0.375% |
+0.380% |
+0.400% |
+0.425% |
|
36 |
+0.500% |
+0.505% |
+0.525% |
+0.575% |
|
48 |
+0.875% |
+ 0.885% |
+0.905% |
+1.020% |
|
60 |
+1.375% |
+1.385% |
+1.420% |
+1.635% |
Find more about our rates and fees here.
Save Smartly
Your Secure Investment
A wise move: one placement and the certainty of return.
- Earn a guaranteed, higher return than on a standard savings account
- Enjoy competitive rates for investments of longer terms and higher amounts
- Use your fixed deposit as a guarantee for a loan facility
- We’ll notify you when your term is about to reach maturity
Consider your Options
When your term is up you can choose to
- reinvest the initial placement and interest earned at maturity
- reinvest your capital and have the interest received paid to an MCB account
- reinvest a portion of your capital and get paid the remainder with the interest
- get paid both your principal and the interest to the designated account
- have the fixed deposit to roll over automatically with the same term as before and at the rate applicable at the time of maturity
- simply add more funds to reinvest