Bangkok--14 Jul--Bangkok Bank
Bangkok Bank has passed on higher interest rates to benefit its customers by adjusting deposit interest rates including saving account and fixed accounts, which have risen by up to 0.500%, and lending interest rates, which have risen by 0.250%. The new rates are effective from July 14, 2011.
Bangkok Bank Executive Directors and 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 0.500% including saving account fixed accounts for individuals, non-profit organizations and organizations. Interest rates for saving account risen 0.125% from 0.750% to 0.875%, seven-day fixed accounts from 1.500-1.750% to 1.875-2.250%, 14-day fixed accounts from 1.500-1.750% to 1.875-2.250%, 30-day fixed accounts from 1.500-2.000% to 1.875-2.250%, three-month fixed accounts from 1.625-1.875% to 1.875-2.000%, six-month fixed accounts from 2.000-2.250% to 2.125-2.375%, 12-month fixed accounts from 2.250-2.500% to 2.500-2.750%, 24-month fixed accounts from 2.750-3.000% to 3.000%, and 36-month fixed accounts from 3.125-3.250% to 3.250%.
Meanwhile, the bank has increased loan interest rates including the Minimum Loan Rate (MLR) from 6.875% to 7.125%, Minimum Overdraft Rate (MOR) from 7.125% to 7.375% and Minimum Retail Rate (MRR) from 7.625% to 7.875%. All new rates are effective from July 14, 2011.
Deposit rates in detail
Type of deposit Previous rates Current rates
for individuals, non-profit organizations and organizations (% per annum) (% per annum)
Saving 0.750 0.875
Seven-day fixed 1.500-1.750 1.875-2.250
14-day fixed 1.500-1.750 1.875-2.250
30-day fixed 1.500-2.000 1.875-2.250
Three-month fixed 1.625-1.875 1.875-2.000
Six-month fixed 2.000-2.250 2.125-2.375
12-month fixed 2.250-2.500 2.500-2.750
24-month fixed 2.750-3.000 3.000
36-month fixed 3.125-3.250 3.250
Lending rates in detail
Type of loan Previous rates Current rates
(% per annum) (% per annum)
Minimum Loan Rate (MLR) 6.875 7.125
Minimum Overdraft Rate (MOR) 7.125 7.375
Minimum Retail Rate (MRR) 7.625 7.875