Annual interest rates
| Account Type | Annual Interest Rate |
|---|---|
| Savings account | 3.00% |
| Fixed 3 Months | 3.00% |
| Fixed 6 Months | 3.00% |
| Fixed 12 Months | 3.00% |
| Fixed 24 Months | 3.00% |
| Fixed 36 Months | 3.00% |
Competitive rates
Earn more with attractive interest rates that accelerate your savings growth.
Fixed terms
Find the perfect term length to match your financial goals, short or long.
Deposit guarantee
Your savings are protected up to €100,000 under the Maltese Deposit Guarantee Scheme.
Zero fees
Enjoy your savings without any monthly fees or withdrawal charges.
Savings account
Benefit from our attractive interest rates on your savings account, while still having the flexibility of withdrawing your funds at any time.
Fixed-term deposit
Book your rate for a determined fixed period, to guarantee your earnings for the whole duration of the term deposit.
Depositor Guarantee
Multitude Bank p.l.c. is licensed by the Malta Financial Services Authority is a proud member of the Depositor Compensation Scheme, which provides added protection to your savings and fixed term deposits up to a maximum of €100,000.
Frequently asked questions
Individual applicants only can apply for one multitude bank savings account and can open multiple term deposits. Companies, partnerships, trusts and other legal entities are not eligible. The age requirement is set at 18 years at the time of application and accounts must be held solely in the name of one individual, joint accounts are not permitted.
After finalizing the online application, you will be provided with your Multitude Bank account number (IBAN). Perform an initial transfer from your current 3rd party bank into your new savings account. Once deposit has been credited to your account, the balance can be used to open one or more fixed-term deposits via ‘New Term Deposit’ menu option.
Any funds to be withdrawn can only be re-sent directly to the accounts via which you have previously made a deposit, for security purposes withdrawals to any other accounts are not allowed.
Note that you have the right to invoke the right of revocation within the initial 14-day period after term deposit start date, all accrued interest will be forfeited. Requests for early term deposit withdrawals can be made directly to our customer support team at [email protected]
Savings accounts may be closed at any time during the relationship, unless a term deposit account is still active, you can contact our customer support team on [email protected] for further information.
If you want to express your dissatisfaction and file a complaint, you can do so by sending us email at [email protected].
In your complaint, we need a description of the incident to which it relates and a reason for the complaint. Your complaint will be handled by us within fifteen (15) days from receipt of the complaint, you will also receive a decision within this time period.
If, due to the complexity of the case, we are unable to respond to your complaint within 15 days, we will notify you of a time frame for a decision. If the customer contacts Multitude Bank plc to lodge a complaint and the response received is not entirely satisfactory, the customer may lodge a complaint in writing directly to the Financial Services Arbitrator's Office in Malta at the following address: Office of the Arbiter for Financial Services, N/S in Regional Road, Msida MSD 1920, Malta (www.financialarbiter.org.mt).
Licensed by the Malta Financial Services Authority (MFSA), Multitude Bank offers digital lending and online banking services to consumers, small and medium-sized businesses and other FinTechs, Multitude Bank p.l.c is a subsidiary of Multitude AG, a European FinTech Company. Multitude Bank’s EU banking license enables it to offer services across the European Economic Area, including accepting depositors covered by the Malta Depositor Compensation Scheme.