A Senior Citizen Fixed Deposit is a special savings scheme with flexible tenure options offered by Cambodia Asia Bank exclusively for individuals over 60. It provides a secure investment option with a higher interest rate than regular Fixed Deposits, allowing seniors to earn better returns on their savings.

Retired confidently, with secure financial stability and safety.

Account Eligibility

• Individual or Joint Account (Residents and non-residents)

Limitation

• Minimum deposit amount: KHR 400,000 or USD 100.
• Minimum Deposit Term: 3 months
• Maximum Deposit Term: 2 Years

Interest Rate

1. Senior Citizen Fixed depositProduct Feature

• Senior Citizen Fixed deposit is a fixed deposit.
• Minimum deposit amount: KHR 400,000 or USD 100
• Minimum Deposit Term: 3 months
• Maximum Deposit Term: 2 Years

2. Account Eligibility

• Individual or Joint Accounts (Residents and Non-residents only)

3. Requirements

3.1 For locals

• Over 60 years old.
• Original and valid National ID or Passport.
• Complete account opening form.

3.2 For Foreigners

• Over 60 years old.
• Original and valid Passport (with a valid visa) and any document that proves your residential status (e.g., lease contract, employment contract etc.).
• Complete account opening form.

4. Account Ownership

• Senior Citizen Fixed deposit will be opened under source account name.

5. Access to Funds

• Account can be viewed via alternative banking channels enabled by the bank.
• No passbook, ATM card, cheque book will be offered for this account.
• No partial withdrawal is allowed.

6. Interest Payment Method

• The interest will be paid upon maturity.
• The account holder will shoulder 6% withholding tax for residents, and 14% withholding tax for non-residents.

7. Pre-termination

• In case of pre-termination, the interest rate will be calculated based on the normal savings rate.

8. The customer agrees to be bound by the terms and conditions of opening Senior Citizen Fixed deposit as stipulated in the General Terms and Conditions governing the opening and operation of the account.

9. Cambodia Asia Bank reserves the right to change the terms and conditions contained herein and shall notify the Depositor/s of such changes. The new terms and conditions shall then be binding to the Depositor/s.