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Thanachart Bank raises deposit rates

Thanachart Bank has raised deposit rates by 0.125-0.50 percentage point, with immediate effect, for the 3 and 6-month time deposit accounts.

The move follows the Monetary Policy Committee's decision to raise the policy rate by 25 basis points, on concerns of the negative real interest rates, the bank said.

Its 3-month deposit rate is Bt2.875 per cent per annum for outstanding deposits less than Bt1 million and the highest rate is 2.275 per cent. The 6-month rate for deposits less than Bt1 million is 2.875 per cent with the maximum rate raised to 3.375 per cent.

Other banks are expected to follow suit soon.

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Thanachart Bank raises deposit rates

Thanachart Bank has raised deposit rates by 0.125-0.50 percentage point, with immediate effect, for the 3 and 6-month time deposit accounts.

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