Bangkok, June 7-GSB raises interest rates on deposits and loans in line with the MPC policy, effective June 8, 2023.
Mr. Withai Rattanakorn, President of the Government Savings Bank, revealed that according to the Monetary Policy Committee (MPC) has resolved to raise the policy interest rate by 0.25 percent per year from 1.75 percent per year to 2.00 percent per year, effective today. on May 31, 2023, in order to comply with the policy rate direction of the Bank of Thailand The bank therefore raised the deposit interest rate to a maximum of 0.35 percent per annum in order for depositors to benefit from the trend of rising interest rates. In the past, the bank has continuously launched high-yield deposit campaigns, such as high-interest deposits. special savings lottery that increases both interest 1st prize money and special prize money, etc.
for the loan The bank raises the interest rate for all types of loans at the rate of 0.25 percent per year, which in the past has been considered a gradual increase. To help support and take care of retail customers and vulnerable groups. not be affected much Which can be seen from the MRR loan interest rate for retail customers of the bank is lower than the average of large commercial banks, effective from June 8, 2023 onwards.-Thai News Agency
Source: Thai News Agency