Manage your cash flow to support your business and gain high interest rate with minimum effort.
Prince Bank understands that your business operations require flexibility in your transactions. With Business Plus Account, you are able to gain highly progressive interest rate that is calculated daily to smoothen and fit your business situation.
Key Features and Benefits
- Available in two currencies (USD/KHR)
- Offers high interest rate of up to 2.75% p.a.
- Initial deposit is 5,000 USD or 20,000,000 riels
- Minimum balance of only 50 USD or 200,000 riels
|
Interest Rate (p.a.)
Balance in USD (equivalence)
| =< 5,000
| > 5,000 to 10,000
| > 10,000 to 20,000
| >20,000 to 100,000 | > 100,000
|
|---|
| USD Interest Rate (p.a.) | 1.25% | 1.50% | 2.00% | 2.25% | 2.50% | | KHR Interest Rate (p.a.) | 1.50% | 1.75% | 2.25% | 2.50% | 2.75% |
Note:- Withholding tax on interest earned is 4% for residents.
- Interest rates are subject to change from time to time without prior notice.
- p.a. stands for per annum
|
Eligibility and Documentation
- Identification documents of the Authorized Signatories and Boards of Director(s)
- Cambodian National ID or Passport of company's Director(s) or Shareholder(s)
- Certificate of Incorporation from Ministry of Commerce
- Latest Memorandum and Article of Association
- Letter of Approval from Ministry of Commerce
- Annual Declaration of Commercial Enterprise
- Original Board of Director(s) and Shareholder(s) Resolution
- Other business-related documents (if required)
|
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