Savings Deposit Account
Savings Deposit Account
Eligible individuals can watch their money grow with the KBZ Savings Deposit Account.
Passbook
You will be issued with a passbook upon successful opening of an account
Withdrawals
The account holder can make withdrawals at any KBZ branch
Deposit unlimited times during bank opening hours
Withdraw funds once a week
Co-accounting
You can open an individual account or co-account with another person
You can withdraw money through a representative (only at the bank the account was opened)
Transfers
Money can be easily transferred from any KBZ branch directly to anyone with an account
Transfer money directly into your savings account from overseas
Loans
Apply for a loan using your savings account as insurance
Online banking
Get access to all of KBZ latest online banking services
Interest
-1 Billion MMK and above: 10% per annum
-300 Million MMK to under 1 Billion: 9% per annum
-Below 300 Million MMK: 8% per annum
*Effective as of September 1st, 2024
Interest can be withdrawn quarterly
If no interest is withdrawn during each quarter, the interest is added to your account
Initial Deposit
1,000 MMK
Minimum Balance
1,000 MMK
10,000 MMK
(to earn interest )
Interest Rate
-1 Billion MMK and above: 10% per annum
-300 Million MMK to under 1 Billion: 9% per annum
-Below 300 Million MMK: 8% per annum
*Effective as of September 1st, 2024
Deposit dates to be eligible for interest
1st – 5th
Interest Withdrawal Months
End of March, June, Sep, Dec
Why choose this Savings Deposit Account?
High Interest rate
Watch your savings grow with us with an annual interest rate of maximum 10% pa
*Effective as of September 1st, 2024
Take out a loan
Using your savings account as insurance we can help you take out a KBZ loan
International transfers
Receive money to and from loved ones overseas
Online banking
Get access to all of KBZ latest online banking services
Required Documents
- NRC ID card (original)