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Thanachart ups 6-month deposit rates

In a bid to draw more deposits, Thanachart Bank has increased the 6-month time deposit rate.

From August 4, deposits worth over Bt50,000 earn 3.875 per cent per annum while the lower amounts are offered 3 per cent. Before, deposits more than Bt1 million were entitled to 3.75 per cent while the lower amounts offered 3 per cent.

Several banks are launching new deposit packages following the enforcement of the Deposit Insurance Act in August, which reduces the legal insurance to depositors at each financial institutions.

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Thanachart ups 6-month deposit rates

In a bid to draw more deposits, Thanachart Bank has increased the 6-month time deposit rate.

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