Bangkok--8 Jun--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 0.125%. The new rates are effective from June 8, 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 three-month fixed accounts from 1.500-1.750% to 1.625-1.875%, six-month fixed accounts from 1.875-2.000% to 2.000-2.250%, 12-month fixed accounts from 2.125-2.250% to 2.250-2.500%, 24-month fixed accounts from 2.625-2.875% to 2.750-3.000%, and 36-month fixed accounts still 3.125-3.250%. Interest rates for seven to fifty nine-day bills of exchange (B/Es) have increased from 1.875-2.125% to 2.500-2.625%, sixty to ninety-day B/Es from 2.000-2.250% to 2.500-2.625%, three-month B/Es from 2.000-2.125% to 2.500-2.625%, six-month B/Es from 2.125-2.250% to 2.500-2.625%, and 12-month B/Es from 2.375-2.500% to 2.625%.
Meanwhile, the bank has increased loan interest rates including the Minimum Loan Rate (MLR) from 6.750% to 6.875%, Minimum Overdraft Rate (MOR) from 7.000% to 7.125% and Minimum Retail Rate (MRR) from 7.500% to 7.625%. All new rates are effective from June 8, 2011.