EXCHANGE RATES 12/14/2018
USD BUY 1540 SELL 1555
SGD BUY 1120 SELL 1140
THB BUY 45 SELL 47
EUR BUY 1700 SELL 1750
EXCHANGE RATES     12/14/2018
USD BUY 1540 SELL 1555
SGD BUY 1120 SELL 1140
EUR BUY 1700 SELL 1750
THB BUY 45 SELL 47

Children’s Savings Account

Children’s Savings Account is designed for individuals under the age of 18 and for parents saving for their child’s education. Opening this account is the perfect way to nurture your child’s saving habits building the perfect foundation for their future.

Educational

Teach your children the habits and values of savings money for their future.

Interest

This account is eligible for interest

Deposit dates to be eligible for interest

1st-5th every month

Interest withdrawal months

End of March, June, September and December

Transfer easily

As soon as your child turns 18, the account can easily be transferred into an adult Savings Account.

Withdrawal and deposit

No limit to the numbers of withdrawals or deposits you can make during bank opening hours. (At your local branch)

Interest

8%

Initial Deposit

1,000 MMK

Minimum Balance

1,000 MMK

Benefits

Habit forming

The perfect environment to practice the habit of savings money

It grows with them

Easily transfers into a Savings Account after the child turns 18.

High interest rate

Watch your child’s savings grow with an annual interest rate of 8%

Withdrawals

Make as many withdrawals and deposits as you like!

Required Documents

NRC ID card(original) of Parent/Guardian who will withdraw and deposit
Form 66/6 (Family Legal Document) Copy/Original

Want to open this account?

Contact us today

Call us now

and speak to one of our advisors

(+95) 1-538075

Apply in branch

Find your nearest KBZ branch and
come and talk to one of our advisors in person

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