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Savings Plan Account

Your account to save up for a big project by making frequent contributions and earning 5-8%

Benefits of Savings Plan Account

Have a goal to buy that home or take the kids on holiday? Why not start saving? You get excellent interest rates on both Kids Savings Accounts and regular savings account. Whatever you wish for only happens when you have a plan to save. Sign up today and start making your money work for you. And the best part is that all you need as a book balance is K30.

With this type of account you can travel the world, upgrade your home, purchase a car, pay school fees for good education and buy a mobile phone. Save your money in an AB Bank Savings Plan Account and make your dreams come true!

Choose the number of installments on your own. Save whenever you want, as much as you want and can afford. The savings plan account gets you free AB Bank cheque deposits and earns you 6% per annum.  The higher the balance, the higher the interest! Every additional Kwacha pays.

Interests are paid on monthly basis and will accrue on previous interest accruals (interest capitalisation) to let your deposits grow quickly.

Choose a maturity between 6 months and 24 months according to your needs. At the end of the period, you will receive the whole amount with interests.

Also available in Foreign Currency.

 

The following are the requirements for opening:

  • Original Identification documents (either NRC or valid passport/driving license) for all signatories.
  • Proof of physical address of the signatories.
  • Minimum balance: ZMW30.00 or USD3.00 or EUR3.00.