Get higher and flexible interest according to the deposit amount, safety; and be able to perform many transactions such as deposit, withdraw or transfer funds bases on your daily and actual demand, Flexi Growth Savings Account is the best choice. Therefore, you do not need to worry about lack of cash flows to operate in your business. The more special you get the benefit is to make the fund transfer to your business partners with amount up to USD 100,000 per day and free of charge.
Interest Rate
| Currency | KHR | #colspan# | USD | #colspan# |
|---|---|---|---|---|
| #rowspan# | Amount | Interest Rate | Amount | Interest Rate |
| Individual Account | ≤200,000,000 | 2.75% | ≤50,000 | 2.75% |
| #rowspan# | > 200,000,000 | 3.00% | > 50,000 | 3.00% |
| Corporate Account | ≤400,000,000 | 2.75% | ≤100,000 | 2.75% |
| #rowspan# | > 400,000,000 | 3.00% | > 100,000 | 3.00% |
Interest rate per annum
Product Features
| Features | Descriptions |
|---|---|
| Initial Deposit | Not required |
| Minimum Balance | KHR 1,000,000 or USD 250 |
| Interest Payment | Interest is accrued daily and paid at the end of each month automatically into your account or when closing the account |
| Account Opening | #list# – KB PRASAC Mobile app – All KB PRASAC branch offices – Individual Account: Single Account or Joint Account – Corporate Account: Requires the formal decision from company’s board of directors base on its by-law. |
| Deposit | #list# – Via KB PRASAC Cash Deposit Machines 24/7 – At any KB PRASAC office during business hours – KB PRASAC Mobile app – KB PRASAC Mobile app |
| Withdrawal | #list# – Via KB PRASAC ATM 24/7 – At any KB PRASAC office during business hours |
| Fund Transfer | #list# – Self transfer via KB PRASAC Mobile or ATM anytime and anywhere – Fund transfer to non-account – At any KB PRASAC office during business hours – Fund transfer within KB PRASAC branches and across some banks and MFIs in Cambodia |
| Withholding Tax | #list# – Resident 4% – Non-resident 14% |
| Account Information Card | Free of charge |
| Savings Passbook | KHR 12,000 or USD 3 for the first issuance or new request when lose or damage or full printing |
| Additional Service | #list# – No fee for the request of account statement, ATM card, and activates KB PRASAC Mobile – KHR 40,000 or USD 10 for the issuance of a bank cheque or bank confirmation per 1 sheet |
Account opening requirements
- Any majorities (Khmer or Expatriate) whose age from 16 years old
- Individual Account: A customer has to provide the original and valid identification document
- Corporate Account: Related documents of institution, company, school or government entity
- Customer has to have legal income generating activities, no crime convictions or other crimes
Note:
- For individual and corporate clients except banks and financial institutions.
- KB PRASAC reserves rights to change interest rate and fee with prior notice to the client as required by law.
- Other terms and conditions apply.
