Interest Rates

National Bank of Malawi plc wishes to advise its valued customers and all stakeholders that the May 2023 reference rate will be at 20.00%, effective date 04 May 2023.

The Bank’s deposit interest rates will be as follows:

Savings Deposit Rates

Savings Bond

12.00% p.a.

Ordinary Savings

6.25% p.a.

Special Savers

4.50% p.a.

Student Serve

5.00% p.a.

Fiesta Save

9.25% p.a.

Notice Deposit Rates

7 Day Call

5.50% p.a.

30 Day Call

6.50% p.a.

Fixed Deposit Rates

2 Months

7.00% p.a.

3 Months

8.00% p.a.

6 Months

8.50% p.a.

9 Months


12 Months


Current account                                    0.0%




To be the most successful financial institution in Malawi with an internationally visible presence.

Mission Statement

To provide outstanding and inclusive financial solutions that deliver sustained stakeholder value.