Health Savings Account
As a contribution to the development of Cambodia economy and facilitate an optimum health care system, ACLEDA Bank launched a new deposit service named Health Savings Account that ACLEDA Bank is responsible for maintaining, administering, and arranging funds deposited by an individual or a legal entity in order to cover all expenses related to the health checking, care, and treatment of the account holder, family members, relatives, employees or third parties. The account can be deposited by account holder or third party to cover all beneficiary's health care expenses based on the actual amount mentioned in invoices and all conditions made in the terms and conditions of ACLEDA Bank's Health Savings Account.
Advantages
- Secure way in maintaining, administering, and arranging funds for health care expenses of the account holder, family members, relatives or third parties (beneficiaries);
- Sufficient reserve for health care expenses that might happen unexpectedly;
- Receiving additional income from interest;
- Well prepared for health care expenses for the family;
- The account is used with savings passbook;
- Interest rate is higher than Savings Account's;
- Account can be closed upon an agreement of all relevant parties;
- Withdrawal can be made to the purposes and conditions of the account, and pay a service fee set by the bank.
Account Balance
Health Savings Account requires an initial deposit of USD50 or equivalent to other currencies. Every time you make distribution from the account, you must ensure a minimum balance of USD10 or equivalent to other currencies.
Interest Rate
The interest rate for Health Savings Account is equal to interest rate of savings account plus margin rate 2% per annum. The interest is daily accrued and semi-yearly capitalized.
ACLEDA Bank Plc currently provides three kinds of Trust Services:
- Individual Retirement Account
- Health Savings Account
- Education Savings Account
