Personal / Deposits / Savings Account
Savings Account
Savings account is an interest bearing account for individuals that encourages the saving habit of customer by rewarding a higher compound interest to the account holders.
Types of Savings Account available:
- Basic Savings – a simple passbook account with minimum balance requirement.
- Smart Saver – with a tiered interest rate structure, which rewards you for the more the you save.
- Children Savings – specially designed to encourage the children savings habits.
- e-Savings – encourage to enjoy digital lifestyle.
Features
Requirements
Benefits
Features
Basic Savings
- 9.00% p.a. ~10.5% p.a. interest.
- Initial deposit and Minimum Balance – MMK 10,000
- Interest calculated on the minimum monthly balance (5th day- end of the month) and interest payment on each quarter end (March-June-September-December).
- Individual or Joint account can be opened.
- Passbook available.
Smart Saver
-
- Earn interest on deposit amount as the below:
- Earn interest at 9% p.a ~ 10.5% p.a.
- Initial deposit and minimum balance – 10,000 MMK.
- Monthly interest calculation and quarterly interest payment.
- Individual or Joint account can be opened.
- Passbook available.
Children Savings
- Earn interest at 9% p.a.
- Initial deposit and Minimum Balance – 10,000 MMK.
- Interest calculated on the minimum monthly balance (5th day- end of the month) and interest payment on each quarter end (March-June-September-December).
- Passbook available.
- Joint account with the children and Parent/Guardian (Must be provide Children’s Born Register and Parent/Guardian’s NRC)
e-Savings
- No Passbook
- Earn interest at 9% p.a.
- Initial deposit and minimum balance – 10,000 MMK
- Interest calculated on the minimum monthly balance (5th day- end of the month) and interest payment on each quarter end (March-June-September-December).
- Individual or Joint account can be opened.
Requirements
- Individuals (Myanmar Nationals or Resident Foreigners) aged over 18 years.
- NRC copy and / or passport copy and valid business / special re-entry visa.
Benefits
- Earn compound interest* on regular deposit on monthly basis.
- Eligible for ATM / debit Card.
- Convenient and reliable for regular payments and receivables transactions by linking current account.
- Can transfer money from one account to another, and access account balance is available through mobile application, online banking.
- When open the savings account, automatically get MPU-UPI cards that can be linked to your Savings Account in order to make cash withdrawals at any uab or MPU ATMs.
- Can enjoy up to 30% discount @ over 600 merchants and @ uab partners**.
* uab zeegwat account
** For information about uab Privileges @ uab partners, click here.
*** For information about UPI Privileges, click here.
How to apply for your account?
You can open account over the counter at any branch nearby you or @ on mobile App / online banking, and @ uab website.