Savings Account

The savings account is a special book-based account developed for individuals, societies, cooperatives/NGOs and businesses. The savings account helps these customers reach their saving potential and keeps their money safe while it accumulates interest.

To open a savings account for societies, cooperatives/NGOs and businesses (follow this link)

Benefits of a Savings account:

• Record all transactions with a Savings book
• Competitive withdrawal charges
• There is minimum book balance of M50
• No deposit fee charged and minimal coinage deposit charge

Requirements:

• Valid passport/’ID/ driver’s license
• M100.00
• Proof of residence