Media center         Mobile Banking         Careers        Login

INVESTMENT PRODUCTS

Ordinary Savings Account

"a good foundation for any financial plan"

Ordinary Savings

Account

 

Kasupe Account

 

Business Savings

 

Mthandizi Account

 

Save Plan

 

Fixed Deposit

 

Premium Investment Account

 

Am looking for...

Definition

An interest bearing account- tiered

 MK 500,000 at 5% p.a.

 MK 499,999 to 1,000,000 at 8.50% p.a.

 > MK 1,000,000 at 10% p.a.

 

Target Market

Economically active Malawians

 

Features

 Initial minimum account opening deposit is MK 500.00

 Minimum account balance is MK 500.00

 No  deposit forms required

 Credit interest paid per annum

 ATM Card

 ATM Charge for Opportunity Bank customers MK100 per transaction

 Monthly administrative fee is MK700

 ESCOM, TNM and Airtel vouchers available on both the ATM and Banki M’manja

 

Benefits

  Opportunity Bank ATM card that can be used at ATMs with 24/7 facility

 Biometric Identification

 EDUSAVE insurance benefit for savers above MK 5,000

 Account opened same day

 Can be accessed at any Opportunity Bank branches and banking agents

 Can be linked to Banki M’manja

 ATM Transfer between own accounts

 Low minimum balance of MK 500

 

 

GET APPLICATION FORM

Kasupe Account

"i can carry

out my business transactions properly and prompt"

Definition

An interest bearing account- tiered

 MK 500,000 at 5% p.a.

 MK 499,999 to 1,000,000 at 8.50% p.a.

 > MK 1,000,000 at 10% p.a.

 

Target Market

Economically active Malawians

 

Features

 Initial minimum account opening deposit is MK 500

 Minimum account balance is MK 500

 No withdrawal or deposit forms required

 Credit interest paid per annum

  ATM Card

 ATM Charge for Opportunity Bank customers MK100 per transaction

 Monthly administrative fee of MK400

 ESCOM, TNM and Airtel vouchers available on both the ATM and Banki M’manja

 

Benefits

  Opportunity Bank ATM card that can be used at ATMs with 24/7 facility.

 EDUSAVE insurance benefit for savers above MK 5,000

 Account opened same day

 Can be accessed at any Opportunity Bank branches and banking agents

 Can be linked to Banki M’manja

 ATM Transfer between own accounts

 Low minimum balance of MK 500

 

GET APPLICATION FORM

Business Savings Account – Sole Proprietorship

"helping my

business

grow"

Definition

An interest bearing account- tiered

 MK 500,000 at 5% p.a.

 MK 499,999 to 1,000,000 at 8.50% p.a.

 > MK 1,000,000 at 10% p.a.

 

Target Market

Economically active business owners

 

Requirements

 Certificate of Registration and Valid identity documents

 

Features

 Initial minimum account opening deposit is MK 5,000

 Minimum account balance is MK 5,000

 Withdrawal or deposit forms required

 Credit interest paid per annum

 ATM Card

 ATM Charge for Opportunity Bank customers MK100 per transaction

 Monthly administrative fee of MK 1,500

 Interim statement of MK3000

 Account closure within six months MK 3,000

 ESCOM, TNM and Airtel vouchers available on both the ATM and Banki M’manja

 

Benefits

  Opportunity Bank ATM card that can be used at ATMs with 24/7 facility

 EDUSAVE insurance benefit for savers above MK 5,000

 Account opened same day

 Can be accessed at any Opportunity Bank branches and banking agents

 Can be linked to Banki M’manja

 Low minimum balance of MK 5,000

 

GET APPLICATION FORM

Business Savings Account - Partnership

"i can earn a higher rate of interest on my money"

Definition

An interest bearing account- tiered

 MK 500,000 at 5% p.a.

 MK 499,999 to 1,000,000 at 8.50% p.a.

 > MK 1,000,000 at 10% p.a.

 

Target Market

Economically active business owners

 

Requirements

 Certificate of Registration, Partnership deed, forms from customers or Valid identity documents

 

Features

 Initial minimum account opening deposit is MK 5,000

 Minimum account balance is MK 5,000

 Withdrawal or deposit forms required

 Credit interest paid per annum

 Monthly administrative fee of MK 1,500

 Interim statement of MK 3000

 Account closure within six months MK 3,000

 

Benefits

 Account opened same day

 Can be accessed at any Opportunity Bank branches

 Low minimum balance of MK 5,000

 

GET APPLICATION FORM

Business Savings Account – Limited Company, Institutions and NGO’s

"i can earn a higher rate of interest on my money"

Definition

An interest bearing account- tiered

 MK 500,000 at 5% p.a.

 MK 499,999 to 1,000,000 at 8.50% p.a.

 > MK 1,000,000 at 10% p.a.

 

Target Market

NGO’s, Limited Companies and other institutions

 

Requirements

Memorandum & Articles of Association documents

Duly Signed board resolutions to open Account

Copy of tax registration certificate

 

Features

 Initial minimum account opening deposit is MK 5,000

 Minimum account balance is MK 5,000

 Withdrawal or deposit forms required

 Credit interest paid per annum

 Counter withdrawal attracts MK120

 Monthly administrative fee of MK 1,500

 Interim statement of MK 3000

 Account closure within six months MK 3,000

 

Benefits

 Account opened same day

 Can be accessed at any Opportunity Bank branches

 Low minimum balance of MK 5,000

GET APPLICATION FORM

Business Savings Account – Clubs and Societies

"i can earn a higher rate of interest on my money"

Definition

An interest bearing account- tiered

 MK 500,000 at 5% p.a.

 MK 499,999 to 1,000,000 at 8.50% p.a.

 > MK 1,000,000 at 10% p.a.

 

Target Market

Clubs and Societies

 

Requirements

Registration certificate or constitution or minutes with resolution to open Account

 

Features

 Initial minimum account opening deposit is MK 2,000

 Minimum account balance is MK 2,000

 Withdrawal or deposit forms required

 Credit interest paid per annum

 Monthly administrative fee of MK 1,500

 Interim statement of MK 3000

 Account closure within six months MK 3,000

 

Benefits

 Account opened same day

 Can be accessed at any Opportunity Bank branches

 Low minimum balance of MK 2,000

 

 

GET APPLICATION FORM

Current account – Nyanja Account

"Shape your account to your lifestyle and financial needs with a range of Features"

Definition

 Nyanja account is a transactional account held for the purpose of securely and quickly providing access to funds on demand, through a variety of channels but primarily through cheques.

 Interest of 0.50% p.a. on balances above  MK 500,000

 

Target Market

 Personal Customers

 Associations and Clubs

 NGO’s

 Limited Companies / Corporate organisations

 Partnerships

 Business People

 

Features

 Initial deposit of MWK10,000

 Cheque and smartcard issued

 Turnover;

o Corporate MWK10,000,000

o Individuals MWK250, 000

 No overdrafts

 No counter cheques

 Dishonoured Cheques MK 37,800

 Cheque book

o 50 pages – MK 5,100

o 100 pages – MK 10,000

o 200 pages – MK 15,000

 Interim statement MK 3000 per page

 Special presentation / clearance MK45,000

 Stop payment MK 36,000

 

Requirements

 Business registration certificate

 Valid ID i.e. Passport, Driving License

 Partnership deed

 Proof of physical address i.e. Water or Electricity bill

 Pay slip

 Board resolution minutes

 

Identification

 Driver’s license or passport

 References must also be obtained prior to opening of account.

Benefits

 Payment to third parties

 Secure way of carrying cash

  Opportunity Bank ATM card that can be used at ATMs with 24/7 facility

 EDUSAVE insurance benefit for savers above MK 5,000

 Can be accessed at any Opportunity Bank branches

 Can be linked to Banki M’manja

 Priority service

 

 

GET APPLICATION FORM

NEWS

WHAT WE DO

WHAT YOU CAN DO

JOIN A COMMUNITY

Approach to Microfinance

Mission, Vision & Motivation

Risk Disclosures

Products & Services

Where We Work

 

 

Transformational Stories

Support Our Initiatives

Fund a Loan

Give a Gift Card

Start a Fundraiser

 

 

Governors

Young Ambassadors

Women's Opportunity Network

Campus Ambassadors

 

 

 

Top Stories

Events

Blog

Publications

 

 

    About Us      Strategic Partners        Careers & Internships          Social Channels          Contact Us

 

Click to Print This Page

Christ Centred, Client Focused, Transformation Bank.

© Opportunity International Bank Malawi 2013        Developed by PMC