Best savings accounts in Malta

Checked on 28 September 2026. 9 savings accounts, term deposits and money market funds from 8 providers accept someone resident in Malta. The three highest rates:

• bunq, Easy Savings at 3.01%, instant access, no minimum, deposit guarantee: Netherlands, up to €100,000.
• Trading 212, Interest on cash (Trading 212 Markets Ltd) at 2.50%, instant access, no minimum, investor compensation: Cyprus ICF, up to €20,000, which is not a deposit guarantee.
• Revolut, Instant Access Savings at 2.50%, instant access, no minimum, deposit guarantee: Lithuania, up to €100,000.

5 of the 9 are covered by a national deposit guarantee scheme. The best rate you can withdraw at any time is 3.01% at bunq, and the best fixed term is 2.50% at BluOr Bank. Rates are variable unless the entry says the term is fixed.

What to know if you live in Malta

Deposits are covered up to €100,000 per depositor per credit institution by the Depositor Compensation Scheme, plus up to €500,000 per life event for money credited in the six months before the bank is declared in default, for instance the sale of a private home or a life insurance payout (Depositor Compensation Scheme).

A Maltese bank withholds 15% at source and the tax is final and not refundable, so that interest is not declared at all. Interest from abroad is different: you can arrange with an authorised Maltese financial intermediary, by 30 June, to have the same final 15% paid on it. Without that arrangement it goes in box 10 of your return and is taxed at the normal progressive rates (MTCA tax return guide).