Bangkok--7 Jan--Bank of Ayudhya
Bank of Ayudhya PCL started 2011 with the launch of a special 15-month time deposit, with step-up interest rates maximum of 4.00% p.a. The campaign gives depositors both financial flexibility and high returns in current market situation.
Mr. Kris Chantanotoke, Senior Vice President, Wealth Management and Bancassurance Division, Bank of Ayudhya PCL. revealed that “This year, the bank will aim to continue to grow its deposit base, starting with the launch of its special 15-month time deposit account, offering step-up interest rates at every three month, with the highest rate of 4.00% p.a. This campaign is an alternative for customers who are looking for both financial flexibility and high returns. The bank targets THB12 billion of deposit from this campaign.
“This year, the overview of Thailand’s economy will continue to expand, GDP growth is expected to be between 4-5%, while the trend of the policy interest rate is going up which is expected that it may rise to 2.5% or more on the whole year basis. Therefore, it is possible that commercial banks will introduce products and new campaigns focusing on wealth management to attract and maintain their deposit customer base,” added Mr. Kris.
Details on interest rates of the newly-launched 15-month time deposit are as follows:
Customers can open the said deposit account with a minimum amount of THB 50,000 with no maximum limit from today - January 31, 2011. Interest will be automatically transferred to customer’s savings or current account on monthly basis.
For more information, please contact Bank of Ayudhya PCL branch nationwide or call KRUNGSRI Call Center 1572.
For media inquiries, please contact:
Corporate Communications and Public Relations Group
Bank of Ayudhya PCL.
Tel: 02 296 3795, 02 296 2443-4
Fax: 02 683 1271
Email:
[email protected]