Who loves savings, put your hand up! Today we have good news for you. You should check which bank raises deposit interest to encourage people to save together with a better economy. Let’s check whether these are your deposit bank account or not.
The Monetary Policy Committee has raised interest from 0.25% to 1.25%. Then, other banks gradually raise the interest in deposit and loan due to the worldwide upward interest rate and inflation. The direction of interest rate adjustment will focus on fixed deposit products. Mostly, the bank will raise the interest rate from 0.10% to 0.50% to help people in living expenses and increase the income for the depositor. Also strengthen the finance stability in the future.
GHB has raised the interest rate at 0.10%-0.50% on 2 years, 3 years and 5 years of fixed deposits and fixed deposit receipt. This new interest rate is effective on 9 December 2022 to meet people’s needs that want a higher interest rate from the deposit. Also, GHB’s loan interest rate will be the same until January 2023 to not affect and lower the expenses for customers.
Krungsri Bank has raised the deposit interest rate to be 0.15%-0.50% and the loan interest rate to be 0.125%-0.25% per year. These new interest rate will be effective on 13 December 2022
Krung Thai Bank has raised the deposit interest rate to the highest at 0.50% per year. The loan interest rate will be divided in 3 parts. The first one is the loan interest rate for top-grade customers or Minimum Loan Rate (MLR) from 0.25% to 5.75% per year. The second is Minimum Overdraft Rate (MOR) from 0.25% to 6.32% for top-grade customers who want a loan over the budget. The last one is Minimum Retail Rate or MRR from 0.15% per year to 6.37% per year which is lower than the an upward interest rate. These new interest rate will be effective on 9 December 2022.
Siam Commercial Bank has raised the deposit interest rate to the highest at 0.45% per year. The new interest rate is 0.25 % – 1.40 % per year. Increase the loan interest rate from 0.125 %o per year. These new rate will be effective on 7 December 2022
The Government saving Bank has raised the deposit interest rate to the highest at 0.40% per year. The loan interest rate is the same to encourage saving and increase the purchasing power during the adjustment period. The new interest rate will be effective on 13 December 2022.
The Bank has raised the deposit account rate by up to 1.70% for the total deposit amount of 1 – 100,000 baht. Deposits ranging from 100,001 baht to 1,000,000 baht will receive 1.40 percent interest rate. This will be effective on 8 December 2022.
Kasikorn bank has raised the interest rate at 0.10%-0.50%. The loan interest rate section is as follows; Major clients, term loans and over-the-counter loans, increased by 0.25% or good retail customers, 0.13%