Saving Deposit Account

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Saving Deposit Account

Eligible individuals and organizations 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 unlimited 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 KBZs latest online banking services

Interest

Annual interest rate of 8%

The deposit account with 10,000 Kyats and above are subject to 8% interest

Interest can be withdrawn quarterly

If no interest is withdrawn during each quarter, the interest is added to your account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

Interest Rate

8%

(Per year)

Deposit dates to be eligible for interest

1st – 5th

(Every month)

Interest Withdrawal Months

End of March, June, Sep, Dec

Why choose this Saving Deposit Account?

High Interest rate

Watch your savings grow with us with an annual interest rate of 8%

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 KBZs latest online banking services

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

(+959) 951018555

Apply in Branch

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