Savings that secure your plans and future
Choose from the many savings accounts we offer
Premium Savings Account
A unique Savings Bank account which gives you much higher interest rate coupled with high liquidity and cheque book facility
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Key Features
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Eligibility
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Minimum balance
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Closure of account
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Interest Rates
- Unlimited free cheque books.
- Unlimited number of withdrawals without any restrictions.
- Free and at par issue of Banker’s cheque for their personal use.
- Full access to your money deposited in the account.
- Saving of precious time every month by giving standing instructions for your periodical payments/remittances for utilities, insurance premium, etc.
- Employer of the depositors can pay salary directly into account.
- Free transfer of funds within the Branch and other branches of our Bank.
- Inter bank fund transfer allowed at minimum cost
- Minimum Charges for various services.
- No hidden cost unlike other banks
Account may be opened by individuals – Singly or jointly, trusts, associations, clubs
Minimum balance for the above account should not be less than BWP 100,000.00. Account maintenance charges of BWP 700 + Vat per quarter is chargeable if minimum balance of BWP 100,000.00 is not maintained in the account.
100 + vat if account is closed after 12 months of opening. Charges for closure of account within 12 months of opening of account will be P 500 + vat.
- Interest is subject to withholding tax as applicable from time to time
Need Assistance?
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What is the Premium Saving Account?
A high-interest savings account for large balances.
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Who can open the Premium Saving Account?
Individuals, trusts, clubs.
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What are the minimum balance requirements for the Premium Saving Account?
P100,000.
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What charges apply on closure of the Premium Saving Account?
P100+VAT (after 12 months), P500+VAT (within 12 months).
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What interest rates are offered on the Premium Saving Account?
Rate of interest as per prevailing guidelines of bank on saving deposit and any changes in time to time
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Are deposits in the Premium Saving Account insured?
Yes
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How many withdrawals can I make with the Premium Saving Account?
No restrictions.
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What cheque facilities are available on the Premium Saving Account?
No (cheque books discontinued).
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Can I transfer funds with the Premium Saving Account?
Yes, free within the bank.
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How do I open a Premium Saving Account?
Visit a branch with P100,000 initial deposit.
