GlossarySavings
DAT — Term Deposit
Short definition
Bank investment where amount is blocked for defined period in exchange for guaranteed rate.
Detailed definition
DAT is secure investment where you block amount for duration (3 months to 5 years) and bank guarantees fixed interest rate. 2026 yield: 2.5-3.8% per duration. Minimum ticket generally 10,000 MAD. Early withdrawal possible with penalties. 100% guaranteed capital. 30% tax on interest (source withholding). Competes with money market UCITS but less tax-efficient (15% vs 30%).
Concrete example
100,000 MAD DAT over 3 years at 3.5%: interest 10,500 MAD. 30% withholding = 3,150 MAD. Net gain = 7,350 MAD. Vs money market UCITS ≈ 8,925 MAD (15% withholding).
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