Guaranteed Returns Over Your Chosen Term
Lock in a competitive fixed rate for 1 to 60 months and watch your savings grow with certainty.
Open an Account
Flexible Tenors
Choose your term from 3 to 60 months — short-term or long-term, we have the right option for you.
Fixed Interest Rates
Earn a guaranteed fixed rate for the full duration of your term, so you always know your return.
Auto-Rollover Available
Opt for automatic renewal at maturity so your deposit continues earning without any action needed.
Smart Fixed-Term Investing
MPB Fixed Deposits are ideal for individuals and businesses looking to grow surplus funds at a guaranteed rate. Choose your term, deposit amount, and let your money work for you.
- Tenors from 3 to 60 months
- Fixed rate guaranteed for full term
- Auto-rollover at maturity
Flexible Term Options
Short-term liquidity or long-term growth — pick a tenor that matches your financial goals from 3 to 60 months.
MVR and USD Deposits
Place fixed deposits in MVR or USD to manage both local and foreign currency savings effectively.
Premature Withdrawal
Early withdrawal is available if needed. A penalty may apply, and the applicable rate will be adjusted accordingly.
Eligibility
Individual Accounts
Maldivian nationals and residents aged 18+ with a valid national ID card or passport.
Business Accounts
Registered businesses with valid commercial registration and board resolution.
Joint Accounts
Two or more individuals can open a joint term deposit.
You Will Need
Prepare the following documents before visiting any MPB branch:
- Valid national ID card or passport
- Proof of address (utility bill or tenancy agreement)
- Recent passport-size photograph
- Initial minimum deposit
- Business registration (for corporate accounts)
Still Have Questions?
MPB Term Deposits are available for terms ranging from 1 to 60 months. You can choose the duration that best aligns with your savings goals.
At maturity, you may choose to withdraw your funds, reinvest in a new term deposit, or opt for automatic rollover, which renews your deposit at the prevailing rate without any action required.
Yes, premature withdrawal is allowed. However, a penalty will apply and the interest rate will be adjusted to the applicable early-withdrawal rate for the period the funds were held.
Yes, MPB offers term deposits in both MVR and USD, giving you the flexibility to grow your savings in your preferred currency.