‘TTB’ announces the adjustment of deposit-loan interest rates, effective 18 April.
On April 17, Mr. Piti Tantakasem, Chief Executive Officer TMB Thanachart or TTB revealed that from the event that the Monetary Policy Committee (MPC) meeting on March 29, 2023 unanimously resolved to raise the policy interest rate by 0.25% from 1.50% per year. to 1.75% per annum in line with the policy interest rate. TMB Thanachart has considered adjusting interest rates for both deposits and loans. The Bank has focused on supporting savings. to provide customers with a better financial life Therefore, the fixed deposit interest rate has been raised as follows:
for individual customers 1. General fixed deposit accounts for 3 months, 6 months and 12 months with a maximum increase of 0.20% per year. 2. Special fixed deposit accounts. To be another savings option that helps increase liquidity for customers, namely the TTB account, quick interest, 3 months, with an interest rate increase of 0.60% to 1.10% per year.
where customers can receive interest to be used after only 7 days of deposit and TTB Exclusive Fixed Deposit Account for 9 months with an interest rate increase of 0.30% to 1.20% per year. and get high returns
for corporate customers 1. General corporate customers that is not a financial institution 24-month and 36-month fixed deposit accounts with interest rates increased by 0.20% to 1.40% per annum and 1.70% per annum, respectively. 2. Customers who are financial institutions. 24-month and 36-month fixed deposit accounts, the interest rate has been increased by 0.20% to 1.10% per year and 1.40% per year, respectively, with the said deposit increase effective from April 5, 2023.
Simultaneously, the Bank has raised interest rates for all types of loans. by raising the interest rate for prime large customers, MLR (Minimum Loan Rate) by 0.25%, and raising the interest rate MOR (Minimum Overdraft Rate) for prime large clients. Type of overdraft 0.25%, while the interest rate for retail prime MRR (Minimum Retail Rate) 0.20%, effective from April 18, 2023 onwards
“Although the overall picture of the Thai economy in 2023 is still assessed as continuing to grow well But there are still external factors to watch closely. This interest rate adjustment, especially in the deposit group, will help Thai people generate more returns from their savings. reinforces the Bank’s goal of truly create a better financial life for Thai people,” Mr. Piti said.
