Bank savings passbook
The savings passbook is the simplest and most accessible investment in Morocco. Available in all banks, it offers a 100% liquid and guaranteed precautionary savings with modest returns (1.75 to 2.5% in 2026).
Key characteristics
Annual yield
1.75-2.5%
Entry ticket
100 MAD
Horizon
Short term
Risk
1/5
Liquidity
Immediate
How it works
You open a passbook in your bank (free). Deposit anytime, from 100 MAD. Interest calculated fortnightly and paid yearly on December 31. Withdrawal possible anytime without penalty.
Advantages
- 100% liquid, immediate withdrawal
- Capital guaranteed by bank
- Free (no opening or maintenance fees)
- Accessible from 100 MAD
Disadvantages
- Low return, often below inflation
- Effective collection ceiling (banks limit incentives above 150,000 MAD)
- Interest taxed at 30%
2026 taxation
Interest subject to 30% withholding tax (discharge). Capital not taxable. No additional IR.
For whom?
Precautionary savings (3 to 6 months of expenses) for any profile. Priority for money you might need short term.