Bangkok--21 May--Bangkok Bank
Bangkok Bank is offering a bonus interest payment of 25 basis points per annum to customers who open a fixed deposit account and invest in a mutual fund. There are two options both which qualify for the bonus interest - a Fixed Deposit Plus Thanatavee Fixed Income Fund and Fixed Deposit Plus RMF/LTF. The offer is available from now until June 17, 2009.
Bangkok Bank Executive Vice President Ruchanee Nopmuang said the bank created the product bundles to offer more choices to individual customers who seek higher returns from their savings. The mutual funds are under the management of BBL Asset Management.
To be eligible for the bonus customers need to deposit between Baht 10,000-1,000,000 into a three-month fixed deposit account, and invest Baht 50,000 or more in an RMF, LTF, or Bualuang Thanathavee Mutual Fund.
The customer is required to maintain the number of investment units of the Bualuang Thanathavee Mutual Fund at the same level as at the starting date until ten days before the fixed deposit account reaches maturity. Similarly for the Fixed Deposit Plus RMF/LTF — the fund investment must be maintained throughout the three-month period except for the final ten days.
“We created the offer targeting individual customers who are interested in improving their returns - customers must make the deposit and invest in the mutual fund on the same day under the same name. Each customer can open one account of each type only. Interested customers can find more information or request a prospectus from any Bangkok Bank branch or call Bualuang Phone 1333, or BBL Asset Management on 0 2674 6488 and extension 8,” Mrs. Ruchanee said.
Investments in mutual funds carry certain risks. Investors are advised to study the fund prospectus before deciding to invest.