Myanmar Apex Bank (MAB) has launched a special wealth banking and rewards programme for high net worth individuals, according to a report in the Myanmar Times. MAB Gold Wealth Banking  is targeting those who can place a minimum fixed deposit of K300 million. Interest rates for fixed deposits are 8.5% for one and two months deposits, 9% for three-months, 9.5% for six to 12 months, 9.75% for 13-months, 10.15% for 18-months and 10.25% for deposits of two to three years, said Mr Gary Voon, executive vice president and head of consumer banking at MAB. The clients will enjoy privileges ranging from free meals at premium restaurants and hotels, to Mingalar Sky Airport Lounge access. The clients will also be eligible for a lucky draw to win a high-end condominium with their chances increasing the longer their fixed deposits are committed. MAB’s efforts to secure fixed deposits come at a time of rising competition and stricter regulations for banks in Myanmar.