Term Deposits
Our term deposits offer a secure and reliable way to grow your capital and support your financial goals and projects. With fixed and floating interest rates and terms ranging from 12 to 72 months, they cater to individuals, SMEs, corporates and pension funds. Your savings are held with a company licensed and regulated by the Bank of Mauritius.
Why choose a SPICE term deposit?
Boost your Savings
We offer attractive fixed and floating interest rates over your chosen period of time to help grow your capital.
Plan with Confidence
Choose a period between 1 and 6 years, tailored to your specific goal or project.
Secure & Reliable
Your money is protected and can grow securely.
Personalised Service
An experienced team to guide you every step of the way.
Deposit Interest Rate Grid
Rates applicable to term deposits in MUR.
Fixed rate (MUR)
| Term (months) | Monthly | Quarterly | Half Yearly | Yearly | Maturity |
|---|---|---|---|---|---|
| 12 | 3.45% | 3.75% | 4.00% | 4.25% | |
| 24 | 3.75% | 4.00% | 4.25% | 4.40% | 4.50% |
| 36 | 3.90% | 4.35% | 4.50% | 5.25% | 5.50% |
| 48 | 4.35% | 4.80% | 4.90% | 5.40% | 5.70% |
| 60 | 4.55% | 5.25% | 5.40% | 5.50% | 5.80% |
| 72 | 4.75% | 5.35% | 5.50% | 5.65% | 5.90% |
Floating rate (MUR), headline rate (spread over Base Deposit Rate)
| Term (months) | Monthly | Quarterly | Half Yearly | Yearly | Maturity |
|---|---|---|---|---|---|
| 12 | 3.45% (BDR −0.45%) | 3.75% (BDR −0.15%) | 4.00% (BDR +0.10%) | 4.25% (BDR +0.35%) | |
| 24 | 3.75% (BDR −0.15%) | 4.00% (BDR +0.10%) | 4.25% (BDR +0.35%) | 4.40% (BDR +0.50%) | 4.50% (BDR +0.60%) |
| 36 | 3.90% (BDR +0.00%) | 4.35% (BDR +0.45%) | 4.50% (BDR +0.60%) | 5.25% (BDR +1.35%) | 5.50% (BDR +1.60%) |
| 48 | 4.35% (BDR +0.45%) | 4.80% (BDR +0.90%) | 4.90% (BDR +1.00%) | 5.40% (BDR +1.50%) | 5.70% (BDR +1.80%) |
| 60 | 4.55% (BDR +0.65%) | 5.25% (BDR +1.35%) | 5.40% (BDR +1.50%) | 5.50% (BDR +1.60%) | 5.80% (BDR +1.90%) |
| 72 | 4.75% (BDR +0.85%) | 5.35% (BDR +1.45%) | 5.50% (BDR +1.60%) | 5.65% (BDR +1.75%) | 5.90% (BDR +2.00%) |
Rates as at July 2026. Base Deposit Rate (BDR): 3.90% p.a. Rates are indicative and subject to change.
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