A Special Savings Account is a type of savings account that offers unique features such as higher interest rates, lower or waived fees, added benefits like insurance coverage, or rewards for maintaining a certain balance.
Eligibility criteria vary by bank, but typically, individuals, salaried employees, senior citizens, students, or business owners may qualify, depending on the specific account type.
Higher interest rates than regular savings accounts
Discounts on banking services
Insurance coverage (e.g., accidental, health, or life insurance)
Cashback or rewards on transactions
Priority customer service etc.
The minimum balance requirement depends on the bank and the type of special savings account. Some accounts may have zero balance requirements, while others may need a minimum deposit to avail benefits.
Yes, most Special Savings Accounts allow easy access to funds through ATMs, online banking, or branch withdrawals.
A valid ID proof (Citizenship, Passport, or Driver’s License)
Recent passport-size photograph
National Identity Card(NID) Number
Yes, most banks provide a debit card with a Special Savings Account, and some may offer premium or contactless cards with additional perks.
Yes, you can access your Special Savings Account through mobile banking apps or internet banking for transactions, bill payments, and fund transfers.
You can apply online through the bank’s website or visit a branch with the required documents to complete the application process.
