Term deposit
Term deposit (DAT) is an investment where you block an amount for a preset duration in exchange for a guaranteed rate. It's the most profitable guaranteed investment in Morocco: 2.5 to 3.8% gross depending on duration in 2026.
Key characteristics
Annual yield
2.5-3.8%
Entry ticket
10 000 MAD
Horizon
3 months to 5 years
Risk
1/5
Liquidity
Blocked
How it works
Choose a duration (3, 6, 12, 24, 36, 60 months) and amount (typically from 10,000 MAD). Bank guarantees a fixed rate. At maturity, you recover capital + interest. Early withdrawal possible with penalty.
Advantages
- Guaranteed rate from subscription
- 100% guaranteed capital
- Higher yield than classic passbook
- Wide range of durations
Disadvantages
- Capital blocked until maturity
- Penalties for early withdrawal
- Yield often below inflation
- 10,000 MAD entry ticket
2026 taxation
30% withholding tax (discharge) on interest. Capital not taxable.
For whom?
Cautious savers with cash they won't need during the investment period. Ideal for project savings with known deadline.