Saving Deposit Account

Saving deposit account is an interest-bearing account type for the purpose of saving money securely, regular benefit from interest and investing for the future. Passbook will be issued for all entries of transactions and balance recorded. No limitation for deposit amount.

  • Interest on saving deposit is adopted according to CBM’s interest rate notified from time to time. Monthly interest specifically calculated on the basic principle of deposited amount within early (5) days of month and the last outstanding balance up to end of month which will be added at the quarterly rest.

 

   Interest Rate    7.00% p.a
  • Inevitably, first time customer will pay visit to the bank to open new account.
  • National Registration Card (or) National Scrutinization Card (Original).
  • (Minimum) initial deposit -mmk (1,000).
  • No limitation for deposit amount.
  • Individual, joint, company or association can open respective type of saving deposit.
   Initial Deposit    1,000 Kyats

Current Deposit Account

Current account is a type of bank accounts available to open suitable type of account by individual, joint, company or association to make safe and secure business transactions by cheque (or) check as a negotiable instrument through over the counter service or CBM net channel.

  • It is a type of demand deposit which can be deposited unlimited and paid on demand.
  • Foreigners can also open a type of (Non Resident) current account. Monthly bank statement shown all transactions and balances is issued on free of charge.

  • Business transactions and payment can be made safe and reliable by cheque among individuals or business entities as a contractual relationship.

  • Inevitably, first time customer will pay visit to the bank to open new account.
  • National Registration Card (or) National Scrutinization Card (Original).
  • (Minimum) initial deposit -mmk (1,000).
   Initial Deposit    1,000 Kyats

 

  • For issuing cheque book, balance certificate and bank statement from time to time, it will be collected specified service fees or charges.

Fixed Deposit Account

  • Fixed deposit account is a type of interest-bearing deposit consist of several type of fixed deposit maturity periodically.
  • MTB Fixed deposit is varied into (-) type of maturity on (30) days, (90) days , (180) days, (270) days and (1) year of selected options.

Interest rates on respective maturity are as follows;

   Fixed Period    Interest Rate
 (30) days  (7.30%) p.a
 (90) days  (7.75%) p.a
 (180) days  (8.30%) p.a
 (270) days  (8.30%) p.a
 (1) Year term  (8.70%) p.a
  • Interest rate may be changed from time to time.
  • Principle and interest on maturity will be paid as the following options by account holder(s);
  1. To withdraw both principle and interest.
  2. To extend maturity on both principle and interest.
  3. To extend maturity on only principle and withdraw interest.
  4. To extend maturity on only principle and to transfer interest to specified account by customer.

 

– It can be made rollover on due of previous maturity.

– On demand before maturity, MTB creates and offers loan against deposit product to such a customer in order to make full benefit on maturity.

  • For the first time, customer needs to pay visit to the bank to open new account.
  • National Registration Card (or) National Scrutinization Card (Original).
  • (Minimum) initial deposit is – mmk (10,000) and no limitation for deposit.
  • MTB Fixed Deposit can be initiated by either cash deposit or account transfer.

Call Deposit Account

Call-Deposit

Fixed deposit account is a type of interest-bearing deposit for individual(s), joint operation or company and association to make benefit per day or short – term.

  • Passbook will be issued to check all transactions entry and balanced recorded.
  • Interest is calculated on daily balance and entried monthly to prime account.
  • Benefit on short – term interest and sound rollover of cash may be offered to call depositor(s).
  • Interest rate on MTB Call Deposit (no Limit) – (5.25%)p.a.
  • By opening a Call Deposit Account at MTB Bank, you can benefit from a short-term interest from it.
  • The interest rate for Call Deposit Accounts (No limit on deposit amount) is 5.25% p.a.
Interest Rate (Under 5000 Lakhs) 5.70% p.a
Interest Rate (5000 Lakhs & Above) 6.20% p.a
  • For the first time, customer needs to pay visit to the bank to open new account.
  • National Registration Card (or) National Scrutinization Card (Original).
  • (Minimum) initial deposit – mmk (10,000).
  • Interest calculated on daily balance is entried monthly to prime account.

Senior Saving Account

Senior Saving deposit is a type of interest – bearing saving deposit especially created for golden age of over 60 years old.

  • Interest rate on Senior Saving deposit is also adopted according to CBM’s interest rate notified to CBM’s interest rate notified from time to time.
  • Monthly interest per annum is calculated on the basic principle of deposited amount within early (5) days of month and the last outstanding balance at the quarterly rest.

 

Interest Rate 7.20% p.a
  • Such a type of saving deposit can be opened for golden age over 60 years old.
  • For the first time, customer will pay visit to the bank to open new account.
  • National Registration Card (or) National Scrutinization Card (Original).
  • No limitation for deposit amount.
  • (Minimum) initial deposit -mmk (100,000).
Initial Deposit 100,000 Kyats

 

Junior Saving Account

Junior Saving Deposit is a type of saving deposits which can be opened for children under (18) years old by jointy with either parent(s) or guardian(s).

  • Interest on Junior Saving Deposit is adopted according to CBM’s interest rate notified to CBM’s interest rate notified from time to time.
  • Monthly interest specifically calculated on the basic principle of deposited amount within early (5) days month and the last outstanding balance up to end of month which will be at the quarterly rest.

 

Interest Rate 7.00% p.a
  • No limitation of deposit amount.
  • (Minimum) initial deposit -mmk (1,000).
Initial Deposit 1,000 Kyats