Tobacco Savings
Account
Built for tobacco farmers, cooperatives and clubs. Save individually or jointly from just MK1,000 and build your savings steadily over time.
Centenary Bank account required. Malawi residents only. Ts&Cs apply.
Save Together
Save individually or jointly as a cooperative or club.
Low Minimum
Start saving with as little as MK1,000.
Bank Anywhere
Internet Banking for transactions anytime, anywhere.
Key Features & Benefits
- Internet Banking for easy transactions anytime, anywhere at your convenience
- Eligibility for personal loans (Terms and Conditions apply)
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.
Ready to open your Tobacco Savings Account?
Can't find the answer you're looking for? Visit a branch or contact our help desk.