Linga Plus
Savings Account
Grow your savings while protecting the people who matter most. Earn 5.50% interest per annum with a minimum opening balance of just MK2,000 — and enjoy enhanced funeral cover built into your account.
Centenary Bank account required. Malawi residents only. Ts&Cs apply.
Balance
+MK4,980,660
MK183,250
interest earned
Since opening your account
Embedded Funeral Plan
- Maximum age at entry for main member, spouse or parents / parents-in-law is 75
- Maximum age for children is 23
- No medical evidence is required
- No waiting period for natural or accidental death (12-month waiting period applies for suicide)
- Claims are paid within 48 hours of notification
Transparent pricing
Rates & Charges
| Period | Rate |
|---|---|
| 30 days | 3.50% |
| 60 days | 4.00% |
| 90 days | 5.50% |
| 6 - 12 months | Negotiable |
Early termination attracts a charge of 35% of earned interest.
Getting Started
What you need to open this account
Bring along the documents below and you'll be banking in no time.
Identification
- Malawians: National Identity Card (including Driving Licence, Traffic Registration Card or Passport)
- Foreigners: Passport
Supporting Documents
- Proof of Residence — Utility Bill or a sketch map and a letter from a Chief
- Proof of Income
Ready to apply?
Scan the code to download the application form, or tap the button below. You can also open this account at any Centenary Bank branch.
Fees and charges are reviewed annually.
Ready to open your Linga Plus Savings Account?
Can't find the answer you're looking for? Visit a branch or contact our help desk.