Savings Account

Service/Product Target

Individuals, whether adult or minor and corporate organisations or businesses

Product Attributes/ Features

• Minimum balance of MK5,000
• Interest paid once a year.
• Interest is at 3% per annum. Subject to review
• Allows for withdrawals through ATM, POS machine or withdrawal slip

Benefits To The Customer/User

• Relatively high interest rate.
• Highly affordable monthly charges.
• No service fees on personal accounts

Costs To Access The Product

• E-service fee
• ATM card fee

Account Opening Requirements

• Account opening forms
• KYC documentation as advised by the bank

Terms and Conditions

Account should neither overdraw nor have a balance that is below the required minimum balance of MK5,000.