Siam Commercial Bank raises interest rate effective 8 June 2011

Wednesday 08 June 2011 09:48
Siam Commercial Bank increases interest rates for fixed deposits, B/E, and all loans. Commenting on the increase, Siam Commercial Bank President Kannikar Chalitaporn noted that, “ To be in line with upward trend of interest rate, SCB decides to raise interest rates. Deposit and loan interest rates will increase by 0.05% - 0.25% p.a. according to amount and terms. Interest on loans will also increase by loan type in a small range of 0.125%-0.150%. The increases will be effective from 8 June 2011.”

As a result of the new rate adjustment, fixed deposit interest rates will be adjusted to 1.60%-1.85% p.a. for 3-month deposits, 1.95%-2.15% p.a. for 6-month deposits, and 2.20%-2.40% p.a. for 12-month deposits. Long-term fixed deposits will receive 2.80%-3.00% p.a. for 24-months, and 3.20%-3.30% p.a. for 36-month deposits. For loans, MLR will increase to 6.875% p.a., MOR to 7.150% p.a., and MRR to 7.650% p.a.

For more information, please contact any SCB branch or the SCB Call Center at (02) 777-7777