Maxi Current Account

MAXIMIZE returns on your idle funds with Vattanac Bank Maxi Current Account! 

Maxi Current Account is an interest bearing checking account. With Maxi Account, you can maximize returns on your short term idle funds by bearing interest on your deposits.

Maxi Acccount is designed to meet the needs of individuals and businesses with high but fluctuating cash turnover and who require cheque writing facility. While traditional checking accounts do not pay interest, subject to eligible balance, Maxi Account pays interest on your overnight deposits. Yes, earn interest for even one day. And more, interest earned is credited to your Maxi Account MONTHLY. 

Applicable Interest Rates

Account Balance

Interest Rate

Below US$20,000.00

Nil

US$20,000.00 and above

0.50% p.a.

*Withholding tax on interest earned from Maxi Current Account is 4% and is payable by customer.

Summary of Benefits

 Cheque writing facility

 Earn interest on your overnight deposits

 Interest is credited monthly

 Bank Statement via Email or Hard Copy

 Access account from ATM Facility

 Overdraft (subject to arrangement)

Eligibility

 Individual

 Joint Individuals

 Sole Proprietorship

 Limited Company

 NGOs

 Government Agencies

Term and Charges


Description

Term Charge

Minimum Monthly Average Balance Requirement

US$20,000.00

Account Maintenance Fee

US$10.00 per 6 months

Minimum Monthly Average Balance Fee if below US$20,000.00

US$5.00 per month

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