Amara Bank introduces new scheme after blacklist scare

Amara United Bank said that beginning on 13 November it will introduce “Super Call Deposit Accounts” which provide customers with interest rates that compound on a daily basis. The rates vary between 4.0 and 8.35 percent depending on the amount of money deposited. The new campaign comes after unusually large amounts of money were withdrawn from the bank following the US Treasury Department’s decision to blacklist Burmese MP Aung Thaung for attempting to undermine recent reforms in Burma and his involvement in attacks on democracy advocates.