TMB Thanachart or TTB raises deposit and loan interest rates in line with the decision of the Monetary Policy Committee (MPC).
Mr. Piti Tantakasem Chief Executive Officer TMB Thanachart revealed that in the event that the Monetary Policy Committee (MPC) meeting on May 31, 2023 unanimously resolved to raise the policy interest rate by 0.25% from 1.75% per year to 2.00% per year, in line with economic trends and inflation rates, TTB has therefore considered adjusting deposit and loan interest rates for both individual and juristic customers by emphasizing on encouraging customers to save more money through a variety of high-interest deposit accounts. Including also focusing on sustainable debt solutions for loan customers with debt consolidation solutions, such as debt consolidation with a home loan in exchange for TTB, clearing debt with a special average interest for the first 3 years starting at 5.93% per year and If anyone who is having a house-condo installment burden Introducing home loan refinance TTB with special average interest for the first 3 years starting from 3. 65% per year, ready to request an additional loan amount as a home loan in exchange for money to collect debt as well These solutions help alleviate the interest burden for customers. Reducing monthly installments can help enhance liquidity for customers.
Deposit interest rates There has been an increase in interest rates. with effect from June 7, 2023 by individual customers such as TTB general fixed deposit account 36 months for long-term savings Increase the interest rate from 0.50% to 2.10% per annum.
Loan interest rate raise interest rates for all types of loans by raising the interest rate for prime large customers, MLR (Minimum Loan Rate) by 0.20%, and raising the interest rate MOR (Minimum Overdraft Rate) for prime large clients. type of overdraft by 0.20% and the interest rate for retail prime MRR (Minimum Retail Rate) by 0.20%. Effective from June 7, 2023
For customers who focus on savings Banks also have options for those who need liquidity. TTB digital deposit account has a safe that gives interest up to 2.00% per year from the first deposit amount to 100,000 baht, can deposit-withdraw anytime. and no minimum deposit required Currently, it is a savings account that offers higher returns than any other digital deposit account in the market. The bank hopes that the interest returns that customers receive will help alleviate the skyrocketing expenses.-Thai News Agency
Source: Thai News Agency