Savings Account

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Savings Account

Personal Banking > Accounts

About Savings Account

Grow your wealth with Yoma Bank’s 7% per annum interest rate savings account.

Suitable for professionals, families, students, and retirees.

Choose the Perfect Account for You

Key Features & Benefits

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Earn Interest Regularly

Grow your savings reliably with a competitive 7% annual interest rate.

Manage Your Savings Easily

Monitor your savings with a free passbook or control your finances anytime with our Yoma Bank Next Mobile Application, available 24/7.

Unlimited Withdrawals

Enjoy the freedom of unlimited withdrawals at any Yoma Bank branch nationwide.

Note

Interest is calculated monthly based on the minimum deposit balance held from the 5th until the end of each calendar month. To earn maximum interest, the balance must be maintained from the 5th until the end of the calendar month.

*Interest is calculated monthly and paid quarterly in March, June, September, and December.

Account Opening Requirements

  • Minimum initial deposit: 10,000 MMK
  • Minimum balance: 1,000 MMK
  • Must be at least 18 years of age
  • Must provide an original NRC

 

Eligible Account Holders

  • Individual Accounts
  • Minor Accounts
  • Joint Accounts
requirement

Interest Calculator

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Before you apply, please review the following information:

Account Details and Terms

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Grow your savings reliably with a competitive 7% per annum interest rate.

  • Inactive Account Fees – 1,500 MMK
    (Accounts without any transaction activity for over one year will be considered inactive and subject to this fee per month.)

Savings Account

Frequently Asked Questions

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Please visit your nearest Yoma Bank branch, and our staff will assist you in issuing a replacement passbook.

There are no maintenance or monthly service fees. However, an inactive account fee will be charged if there has been no transaction activity in the account for the past 12 months.

Please visit your nearest Yoma Bank branch for assistance with your old account details.

Read all FAQs

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