Attractive Rates of Interest & Flexibility
Grow your savings with competitive interest rates while keeping full access to your funds whenever you need them.
Open an Account
Tiered Interest Rates
Earn higher interest as your balance grows — tiered rates calculated daily and credited monthly.
Available in MVR and USD
Open savings accounts in MVR or USD with tiered interest on each currency balance.
Register & Earn Interest
Start earning from day one with instant account activation.
Eligibility
Individual Accounts
Maldivian nationals and residents aged 18+ with a valid national ID card or passport.
Joint Accounts
Two or more individuals can open a joint savings account with combined documentation.
You Will Need
Gather the following documents before visiting any MPB branch to open your savings account:
- Valid national ID card or passport
- Proof of address (utility bill or tenancy agreement)
- Recent passport-size photograph
- Initial minimum deposit
Still Have Questions?
The minimum balance required to maintain an MPB savings account is MVR 5,000. Falling below this amount may result in a small maintenance fee.
Yes, MPB offers savings accounts in MVR and USD. Each currency account earns its own competitive tiered interest rate.
MPB applies tiered interest rates — higher balances earn higher rates. Interest is calculated daily on your closing balance and credited at the end of each month. The applicable tier is determined by your average daily balance.
You will need a valid national ID card or passport, proof of address, a recent passport-size photograph, and the initial minimum deposit amount.