Fixed Deposit Account

Personal Banking > Accounts

Fixed Deposit Account

Personal Banking > Accounts

About Fixed Deposit Account

Secure your savings and earn up to an 8.5% per annum interest rate with Yoma Bank’s Fixed Deposit account.

Suitable for families, students, and retirees.

Choose the Perfect Account for You

Key Features & Benefits

title-border

Earn High Interest

Maximize your savings with Yoma Bank, earning up to 8.5% p.a. with guaranteed returns.

Save Anytime

Enjoy the flexibility to make deposits anytime, while benefiting from a higher interest rate.

Upfront Interest Payout

Receive your interest upfront when you open a Fixed Deposit account—no need to wait until maturity.

Open Account Online

Conveniently open your Fixed Deposit account through the Yoma Bank Next Mobile Application without visiting a branch.

Customized Savings Goals

Tailor your savings plan by choosing a timeframe from one month to a year, aligning with your financial goals.

Account Opening Requirements

  • Minimum Initial Deposit : 50,000 MMK
  • Minimum Balance – 0 MMK
  • Must be at least (18) years of age​
  • Must provide an original NRC

 

 

Eligible Account Holders

  • Individual Account
  • Minor Account
  • Joint Account
requirement

Before you apply, please review the following information:

Account Details and Terms

title-border

Deposit TermAnnual Interest Rate
30 Days7.50 %
60 Days7.50 %
90 Days8.25 %
180 Days8.35 %
270 Days8.45 %
365 Days8.50 %

Fixed Deposit Account

Frequently Asked Questions

title-border

Yes, you can request the breakage of your Fixed Deposit account before the maturity date and withdraw your savings. However, you will not earn the accrued interest and will only receive the principal amount. If you requested an upfront interest payout when opening the account, you cannot break your Fixed Deposit account.

Upon maturity, you will receive the principal amount plus the accrued interest in the payout account you selected when opening the Fixed Deposit account. If the automatic renewal feature was activated, your principal savings and interest will be renewed atomatically based on the selected renewal options.

No, you cannot add additional funds to an existing Fixed Deposit account. If you wish to invest more money, you will need to open a new Fixed Deposit account.

There are no penalties for early breakage. However, you will not earn the accrued interest and will only receive the principal amount. If you requested an upfront interest payout when opening the account, you cannot break your Fixed Deposit account.

Customers who opted for an upfront interest payout when opening a Fixed Deposit account cannot request breakage of the account before maturity.

Read all FAQs

You may also be interested in