กรุงเทพฯ--10 มี.ค.--Siam Commercial Bank
In response to the Bank of Thailand announcement raising the policy rate on March 9, 2011, Siam Commercial Bank is increasing interest rates for savings, fixed deposits, B/E, and all loans, and introducing a special 15-month fixed deposit campaign providing a very attractive return of 2.80% p.a.
Commenting on the increase, Siam Commercial Bank President Kannikar Chalitaporn noted that, "SCB is raising interest rates for all deposits and loans in line with Bank of Thailand monetary policy. Deposit and loan interest rates will increase by 0.10% - 0.25% p.a. according to amount and terms. Interest on loans will also increase according to loan type. The increases will be effective from March 11, 2011.
To promote saving, SCB is introducing a special 15-month fixed deposit. With a minimum deposit amount of only 100,000 baht, customers will earn a return of 2.80% p.a. This new deposit campaign starts from now until April 30, 2011."
As a result of the new rate adjustment, the savings interest rate will increase to 0.75% p.a., while fixed deposit interest rates will be adjusted to 1.25%-1.50% p.a. for 3-month deposits, 1.60%-1.80% p.a. for 6-month deposits, and 1.85%-2.00% p.a. for 12-month deposits. Long-term fixed deposits will receive 2.40%-2.85% p.a. for 24-months, and 3.00%-3.10% p.a. for 36-month deposits. For loans, MLR will increase to 6.625% p.a., MOR to 6.875% p.a., and MRR to 7.300% p.a.
***For more information, please contact any SCB branch or the SCB Call Center at (02) 777-7777***