Bangkok--31 May--TMB
TMB today launches another first in the Thai banking industry by meeting the unfulfilled needs of Thai consumers. By inventing TMB No Fixed, TMB allows customers to have unprecedented access to their money compared to current term deposits being offered in the market. TMB No Fixed is a deposit account that provides customers with accessibility and flexibility to manage their money while enjoying high interest rates without locking away their money for a fixed period of time.
Mr. Boontuck Wungcharoen, TMB CEO, said, “Recent studies show that consumers’ needs remain unfulfilled with the existing deposit products in the market. Consumers find those products come short of helping them meet their financial goals. Although they like the high interest rates of term deposits, they find them too restrictive. If they have to withdraw money for emergency reasons before maturity, penalties are applied.
“TMB No Fixed serves the unmet needs of customers who need the high rates of a term deposit coupled with increased accessibility to their money. Joining other TMB innovations such as ‘No Fee’ and ‘No Slip’, TMB No Fixed sets a new standard in the Thai banking industry and will remain ‘on-the-shelf’ as a permanent part of the Bank’s increasing range of product inventions. It is not a temporary promotion” says Boontuck. “Products such as TMB No Fixed are part of TMB's ambitions to Make THE Difference for our customers by relentlessly looking for innovative and better solutions that empower consumers to meet their financial goals and improve their lives for the better,” concludes Boontuck.
Mr. Michal Szczurek, TMB Chief Retail Banking Officer, said, “TMB No Fixed is the epitome of ‘Flexibility’ meaning customers have the power and freedom to withdraw money whenever they want without getting interest penalty charges that may reduce their yield. Customers may start opening an account from zero baht and may add funds or withdraw cash at anytime at any amount. Account openings could be made at all TMB branches or through the Bank's efficient internet banking channels at tmbdirect.com. Another innovation is that the interest rate for TMB No Fixed is currently set as high as 2.5% per annum, making it the best choice in the market compared to three to six months term deposits presently in the industry.
“Following a string of popular innovations such as TMB No Fee, TMB No-Slip, TMB Up & Up and TMB SME 3X, TMB No Fixed breaks the status quo in the Thai banking industry by creating another change that improves the lives of our customers. We have had strong enthusiastic market reception about our product innovations thus far and hope that TMB No Fixed will continue to improve the lives of our customers.”
Customers may now reap the benefits of TMB No Fixed at TMB branches nationwide or through tmbdirect.com. For enquiries, call TMB Phone Banking at 1558.
Press Contact:
Corporate Communications and Branding
Nida Puwanich Tel: 02-299-1715, Email:
[email protected]