Senior Care Savings Account
Senior Care Savings Account
Our exclusive Senior Care Savings Account for customers aged 60 and above offers a higher interest rate and monthly compounding to help savings grow faster. Enjoy added benefits like priority service at branches to make banking more rewarding and hassle-free.
Opening an Account
Customers aged 60 and above can open the following types of accounts:
- Individual Account
- Joint Account
Deposit and Withdrawal
Deposit unlimited times during bank opening hours.
The account holder can make withdrawals at any KBZ branch.
Withdraw unlimited funds once a week.
Interest
- 1 billion MMK and above: 10% per annum
- Below 1 billion MMK: 9% per annum
Interest is earned monthly, ensuring regular earning.
If no interest is withdrawn, the interest is compounded to your account.
Passbook
You will be issued with a passbook upon successful opening of an account.
Priority Queue
Get access to the priority queue when making over-the-counter transactions at KBZ branches
Online Banking
Get access to all of KBZ latest online banking services
Initial Deposit
10,000 MMK
Minimum Balance
10,000 MMK
Interest Rate
1 billion MMK and above: 10% per annum
Below 1 billion MMK: 9% per annum
Deposit Dates to be Eligible for Interest
1st – 5th of every month (1st – 7th of Promotional Period from January to March 2025)
Interest Withdrawal
Monthly
Why choose this Senior Care Savings Account?
High Interest Rate: Grow your savings with an interest rate of maximum 10% p.a.
Earn Interest Monthly: Interest is compounded monthly to help your savings grow faster
Priority Services: Access to the priority queue for OTC transactions at branches
Online banking: Get access to all of KBZ latest online banking services