How Do I Echo A Value When A Object Is Selected From A Dropdown List?

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Javascript

HTML

PHP

This is what i have so far. when selecting a bank from the dropdown menu i want it to echo a value next to it. for example if someone chose Natwest it would shoul £20,000 next to it

<label>Banks</label>
<select id = "myList">
<option value = "1">Barclays</option>
<option value = "2">HSBC</option>
<option value = "3">LIoyds</option>
<option value = "4">Natwest</option>
</select>