Bank Al-Maghrib reported that deposits with banks reached MAD 1,225.1 billion by the end of November, marking an annual increase of 7.3%.
In its latest dashboard on "Bank Loans and Deposits," the bank highlighted that household deposits saw an annual rise of 6.3%, amounting to MAD 905 billion, including MAD 208.6 billion from Moroccans residing abroad.
The report also noted that deposits from private companies grew by 12.9%, reaching MAD 217.3 billion.
Regarding interest rates on deposits, the bank stated that rates on six-month deposits dropped by 33 basis points, while those on 12-month deposits increased by 15 basis points, settling at 2.35% and 2.74%, respectively, by the end of November.
The minimum interest rate on savings accounts has been set at 2.21% for the first half of 2025, representing a decrease of 27 basis points compared to the previous semester.
