Bangkok--28 Aug--KASIKORNBANK
KASIKORNBANK is attracting long-term depositors by offering a 24-month fixed term deposit, “Super Taweesup Deposit”, with a minimum monthly deposit of 1,000 Baht and up to 3.8-percent tax-free interest. The Bank aims to see 160,000 new deposit accounts under this product, amounting to 1.4 billion Baht in deposits by the end of 2013.
Mrs. Noppawan Jermhansa, KASIKORNBANK First Senior Vice President, said KBank has introduced Super Taweesup Deposit to promote saving among depositors and offer a high-return deposit option. The product requires a fixed monthly deposit for 24 months, paying high returns. An interest rate of 3.5 percent per annum is offered for monthly deposits of 1,000-9,999 Baht, while an interest rate of 3.8 percent per annum is offered for monthly deposits of 10,000-25,000 Baht, the highest rate in the industry for this deposit type. Under this product, the fixed monthly deposit will be automatically debited from the depositor’s savings or current account for 24 months, a convenient way to qualify depositors for the tax-saving privilege offered by the R Super Taweesup Deposit is expected to encourage saving, serving the basic needs of customers in accordance with their habits and lifestyles. The product helps create a good start for long-term and short-term savings and financial planning for investment, tourism, education or other future spending.
Interested persons can apply to open a Super Taweesup Deposit account at any KBank branch until December 30, 2013, or ask for more information through the K-Contact Center by calling 0 2888 8888.
Mrs. Noppawan added that KBank is targeting 160,000 new deposit accounts under this product within the end of this year, as it intends to build its long-term depositor base. The product aims to be one of the best alternatives for savers who wish to deposit with a secure financial institution and get high returns amid a stable interest rate trend. Regarding the business plan for retail customers in 2013, deposits and investment are expected to grow 10 percent over-year, in line with the Bank’s business expansion and liquidity management. The Bank will place emphasis on savings products that respond to the needs of all customer segments, together with their habits and lifestyles. This tailored approach is expected to encourage customers to choose KBank as their main bank for savings and other financial transactions.