Su Boo Savings Account

The Su Boo Savings is a savings plan that allows for regular savings over a specified period, tailored to the chosen Su Boo type, to meet the financial needs of children under 18 years old.

Product Features

• Opening an account requires the child to be under 18 years of age and can be accompanied by a parent or guardian.
• The minimum initial deposit is 10,000 Kyats, with a minimum term of 3 years, and monthly savings amounts and terms can be proposed.

There are 4 Su Boo types to choose from –

The interest rates are as follows:

• 6.25% p.a (Ks. 10,000 and Ks. 10,000,000).
• 6.50% p.a (Ks. 10,000,001 and Ks. 100,000,000).
• 7.00% p.a (Ks. 100,000,001 and above).
• Bonus interest is 3.00% and becomes available only after the specified period is completed.
• Interest will be credited to the savings account on a monthly basis, at the end of each month, and it will be calculated based on the minimum balance during the 5th and the end of the month.
• The parent or guardian is responsible for paying the proposed monthly savings amount until the end of the specified period.
• In the month of opening the Su Boo Savings account, interest will be credited as per the rules for opening regular savings accounts.
• The savings amount can be deposited monthly or in advance, depending on the selected Su Boo type.

Required Documents

• Original or Copy of parent or guardian’s NRC (National Registration Card).
• Copy of minor child’s birth certificate or NRC of a 10 year old.
• Copy of Household residence registration /license photos of parent or guardian and minor child.