This savings product is for individuals who wish to accumulate savings, earn interest and still enjoy easy access to their funds. Unlimited free transactions.

It’s easy to get started. With a minimum of K1000, start saving slowly, make it a habit and watch your savings grow to achieve your goals.


  • National Identity card.

  • Verification of residential address (Escom/ waterboard bill payment receipt).

  • Passport photo which can be taken for free at the branch.

Features and Benefits of PHINDU Saver Account

  • Simple, fast account opening.

  • MWK1000 account opening balance which can be withdrawn later.

  • Free account transactions.

  • Free unlimited withdrawals and deposits at all our branches across the country.

  • No monthly maintenance charges/ account service fee.

  • Competitive 6% annual interest rate for book balances as low as MWK1,000.