Best 5 years GBP fixed deposit interest rates in Malta 03/2026

What are term deposits in Malta?

Term deposits in Malta are a popular savings product that allows residents to place funds for a fixed period at a predetermined interest rate. This type of deposit is commonly used for capital preservation, predictable returns, and short- to medium-term financial planning.

In Malta, term deposits are offered by both domestic and EU-based banks and can often be opened online. Conditions such as interest rates, deposit terms, minimum amounts, and currency options vary depending on the bank, which makes comparison especially important when choosing the most suitable offer.

At PickTheBank we analyze data from 25 EU countries, over 1,000 banks, and over 11,000 offers every day to provide the most up-to-date information for our users who are interested in opening a term deposit.

Residents of Malta can also access term deposit offers from banks located in other EU countries, often through online onboarding. This cross-border availability expands the range of deposit terms and conditions beyond the domestic banking market and allows residents of Malta to compare a broader selection of term deposit offers available within the EU.

How do term deposits work in Malta?

Opening a term deposit in Malta follows a clearly structured process with predefined conditions set by the bank at the start of the agreement.

The depositor selects a bank and a specific offer, then chooses the amount to deposit and the length of the deposit term. Based on these parameters, the bank applies a fixed interest rate that remains unchanged for the entire duration of the term deposit.

Depending on the bank and the chosen term deposit type, interest may be credited at the end of the term together with the principal or paid periodically, such as monthly or quarterly, according to the agreed conditions.

Because all conditions are agreed in advance, depositors in Malta can clearly determine the expected outcome of a term deposit before opening it, making this savings option suitable for structured financial planning.

For example, you want to invest 100.000 € in term deposits

To do this:

• Go to the PickTheBank website and choose the most profitable and suitable term deposit.
• Choose a term deposit with a rate of 4.33% for 12 months and open it
• After one year, you will get back your €100.000 + a return of €4330.

Why choose term deposits in Malta?

In recent years, residents of Malta have shown increased interest in term deposits due to changes in the broader economic environment. For example, according to official EU statistics, inflation in the euro area exceeded 2% in 2023, which encouraged many savers to reconsider how idle funds are stored.

At the same time, monetary policy measures taken at the EU level have influenced deposit conditions across member states. The European Central Bank raised its key interest rates in 2023, which was reflected in higher deposit yields offered by banks operating in Malta and across the EU.

Within this context, term deposits are often considered by residents of Malta as a structured savings option with predefined conditions, especially for funds that are not required for immediate use and can be allocated for a fixed period.

Because deposit terms, interest calculation methods, and currencies vary between banks, comparing term deposit offers in Malta helps depositors better align available options with their financial planning objectives.

How to find and open the best term deposit for Malta residents?

PickTheBank makes this task simple with an array of tools and resources. These resources help you locate the most advantageous deal that aligns with your financial aims.

How to compare term deposits and choose the best offer

Our service allows you to choose the best fixed-term deposits for your needs from the comfort of your own home:

Country of residence

We analyze and present bank offers from 25 EU countries

Currency

You can explore bank offers in all major currencies, including EUR, USD, GBP.

• Find here best fixed term deposits in EUR

Deposit term

We present bank offers with terms ranging from 1 month to 6 years. Find here short term fixed deposits:

• Fixed deposits for 1 year term
• Fixed deposits for 2 years term
• Fixed deposits for 3 years term

Deposit type

Ordinary Deposit, Subordinated Deposit, Investment Deposit, Deposit With Additional Conditions, Deposit Offered By The Branch Of A Bank From Outside The EU, Credit Note

How to open a term deposit online through PickTheBank

Wondering how to open a fixed-term deposit with PickTheBank if you're a Malta resident? It's as easy as 1, 2, 3:

We don't collect any user data; we are an information resource to help you make an informed choice about fixed-term deposits.

Safety of opening term deposits

The demand for remote onboarding and online banking product origination has grown rapidly during the COVID outbreak. Now the process of opening term deposits online is straightforward and legitimate. It’s regulated with EBA guidelines EBA/GL/2022/15 imposing safety measures and requirements to banks implementing online onboarding business process. Online onboarding is usually performed with help of video identification/selfies confirming identity of the customer during the identification process.

Opening term deposits online allows you to select the best bank and the most competitive interest rates on deposits from a multitude of offerings across the European market. Without the need to leave your home, you can compare terms, rates, and other parameters of various banks in Eurozone countries using just a smartphone or any internet-connected device. This saves you time and effort while giving you control over your finances in a convenient and accessible manner.

The EU's financial sector is subject to rigorous regulation. It is overseen and regulated by national financial authorities and the European Central Bank (ECB). This ensures a high level of protection for clients and their deposits. Standards and regulations are in place to guarantee that banks adhere to strict rules and manage clients' funds with the utmost care.

Modern data protection technologies provide a high level of security. Banks and banking services employ modern encryption, authentication, and verification methods, ensuring that your data and finances are protected from third-party access or fraud. It's essential to note that European countries strictly regulate the collection, storage, and use of personal data in accordance with the law, including compliance with the General Data Protection Regulation (GDPR), which offers an additional layer of protection.

Most banks and banking services in the EU have a long history of operation and enjoy a high level of trust from clients. By choosing a bank with a good reputation, you enhance your trust in the services provided by that bank or banking service when opening a term deposit online.

The Deposit Guarantee Scheme (DGS) is a system designed to safeguard depositors and provide insurance for their funds held in banks or financial institutions. It acts as a safety net, ensuring a certain level of protection for individuals and businesses in the event of bank failures or insolvency. In the European Union (EU), each member state has its own DGS, typically established and regulated by national authorities in line with EU directives. This setup ensures the safety of you, your data, and your funds.

This ensures that you, your data, and your funds remain secure. Additionally, the option to open term deposits online streamlines the process, making it faster and more cost-efficient. It allows you to open term deposits more advantageously by selecting the most profitable and suitable offerings.