Installment Deposit Account

The product is designed to build your commitment in regularly savings for your future financial solution.
Currency Terms USD KHR
Interest Rate 1 Year 3.75% 5.00%
2 Years 4.50% 6.00%
3 Years 5.00% 7.00%
Interest Payment Interest is accrued daily on the accrued balance and credited on maturity
date into your account or at account closure.
Minimum Monthly Installment USD50
Account closure within 3 months from opening date USD10 or equivalence
Interest Rate of Savings Account applied
Credit Card MasterCard/VISACard
- Classic: USD13/Year
- Gold: USD28/Year
Mobile/Internet Banking Free (View Only)
Benefits • Enjoy attractive interest rate by tenure of 1 year to 3 years
• Free Installment deposit certificate and Schedule
• Offer Credit card facility up to 80% of total deposited balance
Requirement 1. Individuals aged 18 years old or over
2. Cambodian
• National ID card OR
• Valid Passport OR
• Driver License attached with Family Book/Residence Book/Birth Certificate OR
• Government ID Card or Civil Servant ID Card OR
• Monk Identity Card (for monk only)OR
• Any document bearing photo of customer issued by relevant authority.
2. Foreigner*
•Valid Passport AND
• Valid Visa
*Definition of Resident and Non-Resident Customer:
a) Resident Customer: any physical person who is domiciled in or has a principal place of abode in, the Kingdom of Cambodia, or who is present in the Kingdom of Cambodia on more than 182 days during the calendar year.
b) Non-Resident Customer: means not a resident of Cambodia.
• 6% withholding tax on the interest earned by Fixed Deposit for Resident taxes payer OR
• 14% withholding tax on the interest income earned by both Savings Account and Fixed Deposit for Non-resident
• The above information is subject to change without prior notice.

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Installment Deposit Account

More Information

1. What is Installment Deposit account?

Canadia Installment Deposit account is the most efficient and secures way to start saving.

2. What is the minimum balance for Installment Savings account? Installment Deposit Account has USD50 minimum balance or Equivalence.

3. What are the terms and conditions of Installment Savings account?

For opening INSTALLMENT account, customers are required:

         - Maintain initial opening balance USD50 only,

          - Minimum Monthly Installment is USD50 or up,

4. What is the interest rate of Installment Deposit account?

Canadia Bank offers competitive interest rate up to 5.00% p.a. for USD currency and 7.00% for KHR Currency. However, Bank reserves the right to change the interest rate from time to time without any prior notice.  

5. Can Installment Deposit account be deposited and withdrawn anytime?

The account is not allowed to withdraw the balance until the maturity date since the deposit shall be following the installment schedule only.

6. How can I close my account?

You can visit your home branch. There will be no penalty for closing account after three months from opening date. However, US$10 will be applied from customer if there is early account closing within three months

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