Why Save With Us!
- Hight Interest Rate
- Variety of choices
- Withdrawal from any nearby branches
- All borrowers can make a saving
Saving
COMPULSORY SAVING
Improving living standards depends not only on the amount of loan the clients can borrow but also on the amount of money the client save over a period of time. COMPULSORY SAVING is a product that allows clients to learn how to save money for particular purpose as well as for emergency needs.
| Features | |
|---|---|
| Saving Amount | 5% of Loan Amount |
| Saving Period | Accourding to Loan Period |
| Interest Rate | 14% per annum |
Voluntary SAVING
1. Term Deposit
Term Deposit is also a type of savings that will be best suited for customers who would like to keep their savings for a definite period. This savings will earn you more interest than others depending on your term of savings.
| Features | |
|---|---|
| Interest Rate | 6 months – 10.5% 12 months – 11% 18 months – 11.5% 24 months – 12% |
| Minimum Opening Balance | 100,000 MMK |
2. Savings Passbook
By means of Savings Account, customers can save their discretionary income that will earn interest and each cash transaction will be recorded in a savings passbook. There are two types of savings account, Normal Account and Loyal Account.
| Features | Normal Account | Loyal ACcount |
|---|---|---|
| Interest Rate | 10% per annum | Minimum Balance 1 million – 10.1% 3 million – 10.2% 5 million – 10.3% 7 million – 10.4% 9 million – 10.5% 12 million – 10.7% 15 million – 11% |
| Minimum Opening Balance | 10,000 MMK | 50,000 MMK |
| Minimum Balance | 1,000 MMK | 5,000 MMK |
| Interest Capitalization | Quarterly | Monthly |
Either Individual or Joint
Withdrawal Available At Any Time
No Limit Withdrawal Amount
Regular Saving Is Not Necessary