Bangkok--17 Apr--Bangkok Bank
Bangkok Bank announced today a 25 - 50 basis points increase in the Bank’s fixed term deposit interest rates, and a 25 basis points increase in its lending interest rates, effective on April 17, 2006.
As a result, Bangkok Bank’s Minimum Lending Rate (MLR) has risen from 7.25 percent to 7.50 percent, Minimum Overdraft Rate (MOR) from 7.50 percent to 7.75 percent, and the Minimum Retail Rate (MRR) from 7.75 percent to 8.00 percent.
Fixed term deposit rates are as follows:
Types of Fixed Deposits Previous Rates New Rates
(Mar 31, 2006 ) (Apr 17, 2006 )
3-month 3.00 — 3.75 3.25 — 4.00
6-month 3.25 — 4.00 3.50 — 4.25
10-month (until April 30, 2006) 5.125 5.125
12-month
Less than 1 million Bt 3.75 4
1 million Bt - 10 million Bt 4 4.5
10 + million baht 4.25 4.75
24-month 4.25 4.75
36- month 4.25 4.75