Children’s Saving Account
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.
Teach your children the habits and values of savings money for their future
As soon as your child turns 18, the account can easily be transferred into an adult Savings Account
This account is eligible for interest
The children’s savings deposit account with 10,000 Kyats and above are subject to earn 5% p.a interest
Withdrawal and deposit
No limit to the numbers of withdrawals or deposits you can make during bank opening hours. (At your local branch)
Deposit dates to be eligible for interest
1st-5th every month
Interest withdrawal months
End of March, June, September and December
Why choose this Account?
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 5%p.a
Make as many withdrawals and deposits as you like!
- NRC ID card(original) of Parent/Guardian who will withdraw and deposit
- Form 66/6 (Family Legal Document) Copy/Original