KBZ Bank introduced Special Fixed Deposit Accounts – 30 days and 90 days, which can be deposited by cash or transfer from customers’ CASH ACCOUNT. Special Cash Fixed Deposit Account is suitable for the customers, who would like to earn a high-interest rate and have easy access to your cash.
Eligible Customers
Individual (Singly or Joint)
Organizations (NGO, INGO, Pagoda Trustees, Universities, etc)
Companies (DICA Issued Company Registration)
Businesses (Non-DICA Issued Company Registration)
High-Interest rate
Offer a higher interest rate than the normal Fixed Deposit Account.
Unlike saving deposit accounts, this account holder can deposit during any time of the month and still be eligible for interests.
Deposit
The deposit can be made from cash or transfer from CASH ACCOUNT. After completion of the fixed date of deposit, you may be able to withdraw the deposit together with the interest (in the bank your account was created)
Convenient Withdrawal
Ability to withdraw cash from CASH ACCOUNT – Call/Current (or) ordinary Current/Call account after the proceeds of FD have been transferred upon maturity.
Terms of deposit and interests
Primary Benefits
High-Interest rate
Watch your savings grow with our high interest rate
Joint account
Open an account by yourself or with someone else
Withdrawals
Make the most of KBZ’s generous and flexible withdrawal scheme
Fixed deposit account is most suitable for individuals interested in long-term deposits and citizens, over the age of 18, are eligible to open a fixed deposit account.
Higher interest rates will be incurred depend on the length of the deposit term.
Opening an account
You can open an individual account or co-account with another person.
Withdrawal and deposit
After completion of the fixed date of deposit, you may be able to withdraw the deposit together with the interest (in the bank your account was created).
High-Interest rate
Eligible for high interest rates are dependent on the length of the deposit. Unlike saving deposit accounts, this account holder is able to deposit during anytime of the month and still be eligible for interests.
Initial Deposit 10,000 MMK
*Can deposit more than the required initial deposit.
Minimum Balance 10,000 MMK
Terms of deposit and interests
KBZ Bank introduces Po Su Fixed Deposit Account – 360 days, which offers added flexibility than normal Fixed Deposit Accounts in the way that account holders are allowed to make a certain number of additional deposits (top ups) within a 90-day period after account opening and enjoy a higher interest rate when the eligibility threshold is reached. Po Su Fixed Deposit Account is suitable for customers who would like to make multiple fixed deposits for a longer tenor and earn a high interest rate.
Opening an Account
The following types of Po Su Fixed Deposit Accounts can be opened:
- Individual Account
- Joint Account
- Corporate / Association and Business Account
High Interest Rate
Po Su Fixed Deposit Account offers a high interest rate and also takes into account the funds topped up.
Initial deposit + top up amount is below 300 million MMK – 9.00%
Initial deposit + top up amount is exactly or above 300 million MMK – 9.30%
Top Up Process
Top up for a maximum of 10 times within 90-days after account opening.
Top up can be done at any KBZ branch and through a specified Pay In account.
The top up amount is added to the Certificate of Term Deposit after the top up process.
Minimum Top Up Amount: 50,000 Ks
Maximum Top Up Amount: 60% of Initial Principle
Deposit and Withdrawal
Minimum initial deposit: 100,000 MMK
The initial deposit can be transferred from a specified Pay In account.
After account maturity, the account holder shall withdraw to the PayOut account the total funds deposited together with the interest earned.
Tenor
This account has a tenor of 360 days and shall be closed on maturity.
Terms of Deposits and Interests
Primary Benefits
High-interest rate
Save more and enjoy a higher interest rate once the initial deposit and additional funds topped up reach the high-interest threshold.
Convenience
Hassle-free banking since account holders do not need to open multiple Fixed Deposit Accounts or keep multiple Certificates.
Flexibility
Choose top up amounts that suit your preferences; top up for up to 10 times within 90-days after account opening