Ordinary Savings
account
Build a healthy savings habit with competitive interest and zero monthly service fees. Open with as little as MK1,000 and bank anywhere with Internet, Mobile, USSD and your ATM card.
Centenary Bank account required. Malawi residents only. Ts&Cs apply.
Competitve Interest
Competitive interest earned on account balances
Easy Funds Transfer
Funds can be transferred from your savings account to another account
Immediate Access to Cash
Immediate access to cash in any emergency.
Access to Credit
Access to credit facilities on application.
Visa Withdrawals
Visa debit card allows you to withdraw cash or shop at any VISA enabled ATM or POS respectively.
Key Features & Benefits
- Initial account opening deposit is K1, 000
- No monthly service fees.
- Subscription to USSD Flex Mobile and Flex Online Banking to transact anytime anywhere at your own convenience.
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 impact was a game-changer for Zagabe, a Congolese refugee facing new challenges. Opening an account provided convenience and timely transactions, empowering him with instant incentives and eliminating delays. Accessing small loans, Zagabe established successful businesses, ensuring food security and catering to his family's needs, supported by Centenary Bank
Frequently Asked Questions
Ready to open your Ordinary Savings account?
Can't find the answer you're looking for? Visit a branch or contact our help desk.