Bangkok--23 Jul--KBANK KASIKORNBANK has recently launched a flexible 4-month fixed deposit that can provide depositors with liquidity flexibility and a high interest rate of 2.55 percent p.a., as part of an effort to provide greater alternatives for depositors. The deposit will be accepted from now until August 29, 2007. The Bank has set a target to mobilize funds totaling THB20 billion. Mr. Ampol Polohakul, First Senior Vice President, KASIKORNBANK, said in a recent interview that the flexible 4-month fixed deposit will serve as a new alternative for depositors. Aside from the interest rate that is higher than typical fixed deposit accounts, this deposit product also provides high liquidity. If withdrawals are made when the account reaches a 4-month maturity, customers will get interest paid on a monthly basis at 2.55 percent p.a. If withdrawals are made within 3 months after the deposit date, the depositor will get an interest rate of 0.75 percent p.a. If withdrawals are made after 3 months but within 4 months, the interest rate will be 2.00 percent p.a. For your convenience, your interest will be paid automatically every month to your linked savings or current account at KBank. When your fixed deposit account reaches maturity, the principal and interest of the final month will also be automatically transferred to your linked account. Mr. Ampol also revealed that while deposit interest rates will soon bottom out, placing money with long-term investments may cause depositors to lose the opportunity to obtain better returns when interest rates edge higher. Therefore, the 4-month fixed deposit could be an interesting alternative for customers. In particular, the key feature of this flexible 4-month fixed deposit is-apart from offering a higher interest than other general fixed deposits-it is also highly flexible. Withdrawals can be made either in full or in part before the maturity date if the depositor foresees that interest rates in the market will rise or when there is an urgent need for money. The remaining balance in the account still gets a 2.55 percent interest rate until the deposit reaches maturity. Both new and existing clients can deposit money in this flexible 4-month fixed deposit at a minimum of THB50,000 per account from now until August 29, 2007. The Bank has set a target of mobilizing funds into the flexible 4-month fixed deposit totalling THB20 billion.