Bangkok--25 Apr--Bangkok Bank
Bangkok Bank has passed on higher interest rates to benefit its customers by adjusting deposit interest rates including fixed accounts and bills of exchange, which have risen by up to 0.625%, and lending interest rates, which have risen by 0.250%. The new rates are effective from April 25, 2011.
Bangkok Bank Senior Executive Vice President Suvarn Thansathit said Bangkok Bank would increase interest rates on both deposits and loans. Deposit rates have risen by up to 0.625% including fixed accounts for individuals, non-profit organizations and organizations. Interest rates for seven-day fixed accounts from 1.250-1.375% to 1.500-1.750%, 14-day fixed accounts from 1.250-1.500% to 1.500-1.750%, 30-day fixed accounts from 1.250-1.625% to 1.500-2.000%, three-month fixed accounts from 1.375-1.625% to 1.500-1.750%, six-month fixed accounts from 1.625-1.875% to 1.750-2.000%, 12-month fixed accounts from 1.750-2.000% to 2.000-2.250%, 24-month fixed accounts from 2.250-2.750% to 2.625-2.875%, and 36-month fixed accounts from 2.500-2.750% to 3.125-3.250%. Interest rates for seven to fifty nine-day bills of exchange (B/Es) have increased from 1.625-1.875% to 1.875-2.125%, sixty to ninety-day B/Es from 1.750-2.000% to 2.000-2.125%, three-month B/Es from 1.875-2.000% to 2.000-2.125%, six-month B/Es from 1.875-2.000% to 2.125-2.250%, and 12-month B/Es from 2.125-2.250% to 2.375-2.500%.
Meanwhile, the bank has increased loan interest rates including the Minimum Loan Rate (MLR) from 6.625% to 6.750%, Minimum Overdraft Rate (MOR) from 6.875% to 7.000% and Minimum Retail Rate (MRR) from 7.250% to 7.500%. All new rates are effective from April 25, 2011.
Deposit rates in detail
Type of deposit Previous rates Current rates
for individuals, non-profit organizations and organizations (% per annum) (% per annum)
Seven-day fixed 1.250-1.375 1.500-1.750
14-day fixed 1.250-1.500 1.500-1.750
30-day fixed 1.250-1.625 1.500-2.000
Three-month fixed 1.375-1.625 1.500-1.750
Six-month fixed 1.625-1.875 1.750-2.000
12-month fixed 1.750-2.000 2.000-2.250
24-month fixed 2.250-2.750% 2.625-2.775%
36-month fixed 2.500-2.750% 3.125-3.250%
Bills of Exchange Previous rates Current rates
(% per annum) (% per annum)
7 to 59-day 1.625-1.875 1.875-2.125
60 to 90-day 1.750-2.000 2.000-2.250
3-month 1.875-2.000 2.000-2.125
6-month 1.875-2.000 2.125-2.250
12-month 2.125-2.250 2.375-2.500
Lending rates in detail
Type of loan Previous rates Current rates
(% per annum) (% per annum)
Minimum Loan Rate (MLR) 6.625 6.750
Minimum Overdraft Rate (MOR) 6.875 7.000
Minimum Retail Rate (MRR) 7.250 7.500