About Savings Deposit
A saving account is a type of deposit account that earns interest. It is opened to securely store money, earn regular interest, and save for the future.
1,000 MMK
Initial deposit
1,000 MMK
Minimum Balance
9.5 %
Interest Rate
Key Benefits
Interest can be compounded.
You can use an ATM Debit Card and connect with Mobile Banking & MTB Pay.
You can also link with account holders to easily manage payments and transfers.
More Information
- The interest rate is 9.5% per year.
- The initial deposit and minimum balance required is 1,000 Kyats.
- You can open a saving account individually or jointly.
- A passbook will be provided.
- The interest rate is determined based on the Central Bank’s periodic announcements.
- Interest is calculated on the minimum balance between the 5th and the last day of each month and credited quarterly.
- Minor Saving ( Under 18 years)
- Excellent Saving
- Holiday Saving
- Travel Saving
- Senior Saving (60 years and Over)
For Individual and Joint Accounts:
- National Registration Card
- One passport-sized photo
For Company and Association Accounts:
- Company registration/license or association license
- DICA Company Extract (within 6 months)
- Company constitution/by laws or association records
- Minutes of the board meeting and resolution to open the account
- National Registration Card and one passport-sized photo of the person authorized to operate the account