Savings Accounts

Savings Account

This account allows you to perform both deposits and withdrawals.

  • Earn 6% interest per annum.
  • Interest is credited to your account every month.
  • Only 100.00 ZMW minimum balance
  • No opening fees
  • No maintenance fee
  • Free cash deposits
  • free incoming transfers
  • Two free cash withdrawals every month
  • Unlimited withdrawals at a minimal fee of 0.6%
  •  internal transfers ONLY
  • Cheque deposits (free for AB bank cheques)
  • Free account balance and statements for ongoing months
  • Must be a minimum age of 21 years
  • Zambian or a foreign national with a business permit, work permit or investors permit.
  • Valid & Original ID (NRC, Driving License or Passport)
  • Proof of Residence (Utility Bill)

Savings Plan

This account allows you to save and grow your money for a selected/desired period. The more you save, the higher the interest will be on your savings.

  • Choose the amount and number of installments on your own.
  • Choose a maturity between 6 and 24 months according to your needs.
  • Start your saving with an initial deposit of 150 ZMW (you can deposit a higher amount)
  • Earns interest between 5 – 8% per annum.
  • Must be a minimum age of 21 years.
  • Zambian or a foreign national with a business permit, work permit or investors permit.
  • Valid & Original ID (NRC, Driving License or Passport).
  • Proof of Residence (Utility Bill)

Kids Savings Account

A Joint Savings Account is opened for minors by his/her guardian.

  • For children under 16 years
  • Enjoy interest of 8% per annum
  • Minimum balance of 10 ZMW
  • No monthly charges
  • Block your funds for a period of your choice then start withdrawing
  • Original Identification of guardian (NRC, Passport or Driving License)
  • Child’s Document (either under 5 card, Birth certificate or Birth record)
  • Proof of residence (utility bill)

Fixed Term Deposit Account

This investment account allows you to fix your money for your desired period to earn an attractive interest. It is blocked for both withdrawals and deposits.

  • You get to decide the maturity period that suits you, which ranges from 30 to 365 days
  • The term deposit is renewable
  • The longer the maturity, the more you earn
  • Earns interest of up to 17% per annum
  • Must have an active AB Bank Savings or Current Account.
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