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Saving Deposit Accounts
MEB accepts saving deposits in all of its bank branches and anybody can open saving bank accounts at any of MEB branches. (Only in 6 Banking Branches located in Yangon downtown area do not accept saving deposits and there are 4 specialized Saving Banks existed in the area).
To nurture saving habit of the people, depositors are allowed to withdraw from their saving deposit accounts only once a week however, there is no limit on the amount for withdrawal.
Types of Saving Deposits
Single Account
Minor Account
Joint (A) or Joint (B) Account
Security Deposit Account
Public Account
Interest Rates on Saving DepositsInterest on Saving Deposits is 8% per annum since 1st January 2012.
