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SAVING ACCOUNTS

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Savings Account

Secure your savings at SHWE Bank to help you reach your goals in the most secured way.

General Purpose of Account

Saving account is a good option to save your money while enjoying an attractive monthly interest.

Product Feature

  • Interest-bearing account ·
  • A good option for saving money ·
  • Deposit within 1st to 5th days of every month will be eligible for interest ·
  • Interest will be computed and credited monthly · Provide Debit Card for ATM access and merchant payments

General Customer Eligibility

  • Individuals 
  • Joints 
  • Companies 
  • Associations
  • Minors

Detail Description

Type

Savings Account

Currency

MMK

Interest Rate

7% per annum

Operating Instrument

  • Saving Passbook 
  • MPU Card will be provided for individual customer

Suitable For

Savings Accounts are for both businesses and individuals who have excess funds to save and enjoy the interest along with a guarantee for flexible withdrawal.

Minimum Amount for Opening

MMK1,000

Minimum Ongoing Balance

MMK1,000

Document Required for Company Savings Account Opening

  • Application Form 
  • Cover Letter with Company Letter Head 
  • Meeting Minutes with Company Letter Head 
  • Company License or DICA Registration Form 
  • Company Extract 
  • Copies of ID Cards (NRC/Passport) for only authorized signatory account holders 
  • Letter of authorization with company letter head for third party inquiry balance, savings passbook collection, etc.

Interest Rates and Fees

Please see » Interest Rates and Fees