Fixed Deposit Account

Home / Accounts / Fixed Deposit Account

Fixed Deposit Account

Citizens, over the age of 18, are eligible to open a fixed deposit account. This account is most suitable for individuals interested in long-term deposits.


Opening an account

You can open an individual account or co-account with another person

Convenient withdrawals

Able to withdraw money easily even if it is earlier than the fixed date of withdrawal terms. (Interest rate will not be eligible)

High interest rates

Eligible for high interest rates are dependent on the length of the deposit

Unlike saving deposit accounts, this account holder is able to deposit during anytime of the month and still be eligible for interests

Withdrawal and deposit

After completion of the fixed date of deposit, you may be able to withdraw the deposit together with the interest (in the bank your account was created)

Terms of deposit and interests

30 Days

8%

90 Days

8.25%

180 Days

8.5%

270 Days

8.75%

1 Year

9%

2 Year

*10%

3 Year

*10.75%


Initial Deposit

1,000 MMK

*Can deposit more than the required initial deposit

Minimum Balance

1,000 MMK


*Terms and Conditions Apply

  • 10% for 2 year is entitled between 500 million to 2 billion fixed deposite account. However, the other 2 year fixed account will apply with 9.5%.
  • 10.75% for 3 year is entitled 500 million to 5 billion fixed deposite account. However, the other 3 year fixed account will apply with 10%.

Why choose this Account?

High Interest 

Watch your savings grow with our high interest rate

Flexible

You can still access your money outside of the fixed dates of withdrawals

Joint account

Open an account by yourself or with someone else

Withdrawals

Make the most of KBZ’s generous and flexible withdrawal scheme

Required Documents

  • NRC ID card (original/copy)

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