Fixed Deposit
Higher interest for a fixed term
Fixed Deposit Account
One product of Phongsavanh Bank given to the customer has a tenor which provides high interest rate and the customer is able to plan in the future for the use. The earning from the interest rate is fixed to the period you choose. If you have a continuous revenue from your investment and do not require to spend the money, this fixed term deposit is the answer.
Benefits of the account
- Select the time period as per your requirement
- Enjoy a certain earning from your investment
- The fixed-term deposit account is renewed automatically
- Be able to withdraw the money in full or part of the total balance
- Currencies
- LAK · THB · USD
- Initial deposit
- LAK1,000,000, THB4,000 or USD100
Interest rates
| Term | LAK | USD | THB |
|---|---|---|---|
| 3 months | 6.00% | 2.25% | 2.20% |
| 6 months | 7.00% | 3.25% | 3.00% |
| 12 months | 9.00% | 5.00% | 4.25% |
| 13 months | 9.50% | 5.10% | 4.35% |
| 18 months | 10.25% | 5.25% | 5.00% |
| 24 months | 10.50% | 6.00% | 5.25% |
| 36 months | 10.75% | 6.50% | 5.75% |
Interest per year. Updated 02/03/2026.
Fees of the account
| No | Descriptions | Services fees | ||
|---|---|---|---|---|
| LAK | USD | THB | ||
| 1 | Issuing a CD replacement in case of loss or damage | 40,000 LAK | 4 USD | 120 THB |
| 2 | Account closing on maturity | Nil | ||
| 3 | Account closing before maturity | 120,000 LAK/account | 12 USD/account | 400 THB/account |
Updated 18/07/2025
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 LAK1,000,000, THB4,000 or USD100 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
More people can be joint for account opening of this account. Each person is required to bring personal ID.
Personal