Savings Account

Service/Product Target

Individuals, whether adult or minor and corporate organisations or businesses

Product Attributes/ Features

  • Minimum balance of MK5,000
  • Interest paid once a year.
  • Interest is at 3% per annum. Subject to review
  • Allows for withdrawals through ATM, POS machine or withdrawal slip

Benefits To The Customer/User

  • Relatively high interest rate.
  • Highly affordable monthly charges.
  • No service fees on personal accounts

Costs To Access The Product

  • E-service fee
  • ATM card fee

Account Opening Requirements

  • Account opening forms
  • KYC documentation as advised by the bank

Terms and Conditions

Account should neither overdraw nor have a balance that is below the required minimum balance of MK5,000.



To be the most successful financial institution in Malawi with an internationally visible presence.

Mission Statement

To provide outstanding and inclusive financial solutions that deliver sustained stakeholder value.