Fixed Deposits Account

Fixed Deposits Account

Maximize your interest earnings while saving your money securely at CB Bank. Earn up to 8.25% p.a on interest.

Features and Benefits
  • Earn higher interest rate compared to normal savings accounts ranging from 7.40% p.a. to 8.50% p.a.
  • Quick and easy way to assure to get returns on your investment.
  • Options to choose that suits your needs − Choose investment term ranging from 1 month to 12 months. Roll over options to reinvest the principal amount at the end of the term.
  • Every investment counts – Interest depends on the deposit terms.
Rates and Fees

Deposit Term

Interest

1 month term

7.40 % p.a. up to 8.40% p.a.

3 months term

7.40 % p.a. up to 7.90% p.a.

6 months term

7.65 % p.a. up to 8.15% p.a.

9 months term

7.60 % p.a. up to 8.10% p.a.

12 months term

7.85 % p.a. up to 8.35% p.a.

24 months term

8.00 % p.a. up to 8.50% p.a.

 

  • No opening account fees
  • No monthly account maintenance fees 
Requirement

Minimum Initial Deposit – 10,000 MMK
Eligibility
  • Must be Myanmar nationality
  • Over 18 years old
Required Documents
  • National Registration Card
Calculator
Interest Calculator
FAQs
What is fixed deposit?

Fixed deposit is a term deposit that provides a higher rate of interest than a regular savings account, at the given maturity date. The bank will issue the fixed deposit certificate with the maturity date.

Can I make a withdrawal on behalf of account holder?

Only Account Holder is allowed to make a withdrawal at the maturity date of deposit.

Do we need to show the certificate to withdraw initial deposit amount at maturity?

At the maturity date, the deposit amount will be transferred to the bank account as the account holder’s instruction. Account holder can make withdrawal as usual from his/her bank account.

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What should I do with matured certificate of fixed deposit and can I make extension on the fixed deposit term?

At the maturity date, the deposit is already transferred to the bank account as the account holder’s instruction. Yes, customers can make term extensions.

How can I make an extension?

The Account Holder has to visit the bank’s Head Office or Branches and give instruction to extend. CB Bank will issue a new certificate for extension.

Do I need an active savings account at CB Bank to open fixed deposit account?

Yes, however, for the customer who does not have a CB Bank account, we will open a savings account together with a fixed deposit contract.

If my certificate is lost, what should I do?

If the customer’s certificate is lost, please contact CB Bank to issue you a copy of the certificate at the bank where you initially opened account.

How is the interest calculated?

Interest is calculated based on tenure and your interest will be credited to your account at maturity.

Is the certificate of fixed deposit transferrable?

No, the certificate is not transferable.