Special savings deposit account is a type of special savings account that allows for unlimited deposits and withdrawals and earns 7.25% interest per year.
INITIAL DEPOSIT
10,000 MMK
MINIMUM BALANCE
1,000 MMK
Interest Rate
7.25 (% p.a)
Features
- Interest calculated on the minimum monthly balance (5th day- end of the month) and interest payment on each quarter end (March-June-September-December).
- Individual /Joint/Company/Association/ Minor account can be opened.
- Accepted in only Cash
- Not allow account closing within 6 months.
Benefit
- Able to enjoy high interest rates.
- Easily withdraw money with no limit on the amount of money.
- Deposit and withdraw money at any branch
Requirements
- Application form with company letterhead
- Meeting minutes with company letterhead
- Certificate of Incorporation
- Company Extract
- NRC original and copy of the representative of the company which mentioned in meeting minutes