Normal Fixed
Fixed Deposit Account
Our Fixed Deposit Account is a smart and trusted way to make your money grow faster, as you get a higher interest rate when you leave your money in the account for pre-arranged periods of time.
You can stipulate how long those periods of time are, whatever suits your needs. We then guarantee a fixed rate of return, up to an unbeatable 10% per annum.
You can also then take out a loan against these deposits and get a personal credit card, guaranteed against the deposits.
Features
- Initial deposit of MMK 10,000
- Interest bearing account
- Fixed Deposit Certificate
- Can be opened in local currency (MMK) only
Benefits
- Security
- Higher interest rate
- Automatic renewal / disposal of interest and principal as per the customer instruction
- Loan against fixed deposit
Rates and Fees
| Tenure | Interest rate (p.a.)* |
| 1 month | 7.25% |
| 3 months | 8.25% |
| 6 months | 8.5% |
| 9 months | 8.5% |
| 12 months | 10% |
Interest payment frequency – on maturity
Eligibility
- Myanmar citizen age 18 or over (Sole or Joint account)
- Sole Proprietorship / Partnership / Pvt. Limited companies registered in Myanmar
Individual
- NRC Copy/Passport