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Some private banks, such as CB, AGD and Yoma, have increased their fixed deposit interest rates

Some private banks, such as CB, AGD and Yoma, have raised their fixed deposit interest rates. AGD Bank announces 9% interest rate for one month and 9.5% for three months. Fixed Deposit (for one and three months) has been increased from May 12, 2021. The interest rate has been increased by 9% for one month and 9.5% for three months. Customers can visit AGD branches to increase their money and keep it safe, the statement said. In addition, AGD Bank will change the token system to withdraw money. 

To make it easier to get tokens, branches will be able to make daily cash withdrawals from Monday to Friday. On the day of cash withdrawal at the branches, the amount of cash that can be withdrawn per person is limited to 300,000 kyats per week, while other banking services will be provided daily at the branches without the need for a token. CB Bank also sets interest rates for fixed deposits; 7.4% to 8.4% for one month; 7.4% to 7.9% for the three months; 7.65% to 8.15% for six months; For the nine months, 7.6 percent to 8.1 percent; 8.85% to 8.3% for one year; Increased from 8% to 8.5% for 24 months.

It can be deposited from Old A/C or New A/C or as a cash payment. If you want to withdraw money due to the need before the maturity of the fixed deposit, it will be calculated at the nearest fixed deposit interest rate so as not to offend the interest of the customers. In addition, the original fixed deposit at CB Bank will be adjusted at the current interest rate depending on the amount deposited in the new term upon maturity. Yoma Bank offers an interest rate of 7.5% for one and two months fixed deposit; 8.25% for three months; 8.35% for six months; 8.45% for nine months; The new interest rate will be effective from May 14, 2021.

Source: Daily Eleven

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