Ordinary Savings
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.
Withdrawal
- 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 of up to 10% pa. Interest can be withdrawn quarterly.
- If no interest is withdrawn during each quarter, the interest is added to your account.
Why choose this Savings Deposit Account?
High Interest rate
Watch your savings grow with us with an annual interest rate of up to 10% pa.
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.
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
Deposit dates to be eligible for interest
1st – 5th
(Every month)
Interest Withdrawal Months
End of March, June, Sep, Dec
Requirement Document
