Deposits
Savings and fixed deposit accounts
Choose your account
Phongsavanh Bank offers eight deposit accounts. Compare them below, or open a tab for full details, rates and fees.
- Saving AccountDaily interest, from LAK100,000
- Personal AccountLow opening balance
- Current AccountCheques and payroll
- Cash Management AccountHigher rates for larger balances
- Step-up Saving AccountThe higher the balance, the higher the rate
- Premier AccountPremium service and office
- Fixed Term DepositUp to 10.75% p.a. on LAK
- Fixed Deposit (paid by month)Monthly interest income
Account details
Saving Account
Saving account of Phongsavanh Bank is a type of saving account that helps you save money for future. It is not only for protecting your money for safety but saving on a daily basis. Therefore, you do not have to carry the money with you everywhere or take a risk to keep it at home. You can simply open an account with us and your have worries free.
Benefits of the account
- You will get the interest on a daily basis and accrue it in the account as a way to increase your deposit.
- You can track the money you save more each day, by checking the balance or getting a receipt from the ATM anytime within 24 hours.
- You can eliminate various risks related to keeping a big amount of cash and desire of spending
- You can deposit or withdraw the money every day as per your requirement via the ATM anytime within 24 hours or at our service counters of any branches or service units.
- You can transfer the money from your account to others within Phongsavanh Bank via the ATM anytime within 24 hours
- You can save the money for your future
- Currencies
- LAK · THB · USD · CNY · VND
- Initial deposit
- LAK100,000, THB500 or USD20 or CNY100 or VND100,000
Interest rates
| Currency | Interest/year |
|---|---|
| LAK | 2.50% |
| USD | 1.50% |
| THB | 1.50% |
| YUAN | 0.50% |
| DONG | 0.10% |
Updated 06/07/2026. Interest will transfer to your account every month.
Fees of the account
| No | Descriptions | Services fees | ||||
|---|---|---|---|---|---|---|
| LAK | USD | THB | YUAN | VND | ||
| 1 | Quarterly average balance lower than LAK 100.000, USD 10 or THB 400 | 20.000 LAK/month | 2 USD/month | 80 THB/month | – | – |
| 2 | Renewal of full passbook | Nil | N/A | N/A | ||
| 3 | Re-issuing new passbook to replace the lost, damaged or information amended ones | 40,000LAK | 4 USD | 120 THB | 20Yuan/Book | 50,000Dong/Book |
| 4 | Account closing fee | 40,000LAK | 4 USD | 120 THB | 20Yuan/Book | 50,000Dong/Book |
Updated 06/07/2026
Account opening requirements
Required documents for opening a new account
Individuals
- Lao Citizens:
- National ID Card / Household Registration Book / Passport / Driver’s License / Monk Identification Card
- Foreigners:
- Passport, Visa, Work Permit, and Stay Permit
Legal entities / corporate accounts
- Enterprise Registration Certificate
- Tax Registration Certificate
- Business License / Investment License
- Memorandum and terms and conditions related to the bank.
- Resolution of the Board of Directors of a company: A) Approval for account opening, B) Name list of who will have the authority to sign in the account.
How to open the account
- 1You are required to prepare a list of documents mentioned above
- 2Prepare at least LAK100,000 THB500 or USD20 or CNY100 or VND100,000 in your pocket
- 3Come to meet our staff at any of unit services, service center or branches of Phongsavanh Bank, which is closed to you
- 4Our service staff will be processing all documents for you and you can sign off to finish the process
If you want to get an ATM card to access to your money anytime within 24 hours, you are required to pay a fee of LAK30,000.