Linga Savings
account
Grow your savings while protecting the people who matter most. Earn 5.00% interest per annum with a minimum opening balance of just MK2,000 — and enjoy funeral cover built right 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
Competitve Interest
Competitive interest earned on account balances
Funeral Cover
Comes with a funeral cover embedded in the account- Cover up to MK1,000, 000.
Unlimited Transactions
Unlimited in-branch withdrawals and deposits
Visa Withdrawals
Visa debit card allows you to withdraw cash or shop at any VISA enabled ATM or POS respectively.
Loan Access
Customers can access loans with this account. Terms and conditions apply.
Key Features & Benefits
- Unlimited frequency of withdrawals.
- No monthly service fees.
- Subscription to USSD Flex Mobile and Flex Online Banking to transact anytime anywhere at your own convenience.
- Access to credit facilities like overdrafts, asset-based financing, warehouse receipt financing, etc
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
- If death occurs during the Premium Grace Period, the benefit is reduced by outstanding premium arrears
- Cover commences on the date the first premium is collected via direct debit
- No waiting period for natural or accidental death (12-month waiting period applies for suicide)
- Cover terminates at the end of the grace period or on the death of the main member
- Death notification must be submitted within 6 months; valid claims paid within 48 hours
Transparent pricing
Rates & Charges
| Card Tier | Monthly Charge | ATM Daily Limit | POS Daily Limit |
|---|---|---|---|
| VISA Classic | K9,360 + K813/month | K500,000 | K500,000 |
| VISA Silver | K10,625 + K800/month | K750,000 | K750,000 |
| VISA Gold | K25,000 + K1,500/month | K800,000 | K1,500,000 |
| VISA Platinum | K33,000 + K1,500/month | K1,000,000 | K2,000,000 |
Fees and charges are reviewed annually.
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.
Here's what people are saying
Centenary Bank's compassionate support during my father's passing was truly remarkable. They fulfilled their promise by providing the full MWK200,000 funeral benefit with no deductions. I felt deeply supported and honored during such a difficult time. I urge others to open a Linga Savings account with Centenary Bank, as they exceed expectations and offer much-needed assistance in unexpected situations
Frequently Asked Questions
Ready to open your Linga Savings account?
Can't find the answer you're looking for? Visit a branch or contact our help desk.