Bangkok--31 Aug--Bangkok Bank
Bangkok Bank has passed on higher interest rates to benefit its customers by adjusting deposit interest rates fixed accounts, which have risen by up to 0.250%, and lending interest rates, which have risen by 0.125%. The new rates are effective from September 1, 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 0.250% fixed accounts for individuals, non-profit organizations and organizations. Interest rates for 14-day fixed accounts from 1.875-2.250% to 2.000-2.375%, 30-day fixed accounts from 1.875-2.250% to 2.000-2.375%, three-month fixed accounts from 1.875-2.000% to 2.000-2.250%, six-month fixed accounts from 2.125-2.375% to 2.375-2.625%, 12-month fixed accounts from 2.500-2.750% to 2.750-3.000%, 24-month fixed accounts from 3.000% to 3.125%, and 36-month fixed accounts from 3.250% to 3.375%.
Meanwhile, the bank has increased loan interest rates including the Minimum Loan Rate (MLR) from 7.125% to 7.250%, Minimum Overdraft Rate (MOR) from 7.375% to 7.500% and Minimum Retail Rate (MRR) from 7.875% to 8.000%. All new rates are effective from September 1, 2011.