Krungsri raises fixed deposit interest rate to 1.25% to help customers amid rising inflation

02 Dec 2022

Krungsri (Bank of Ayudhya PCL and its business units), responding to an upward policy interest rate, announces to raise its 14-month fixed deposit interest rate by 0.25% to 1.25% per annum, effective 6 December 2022.

Krungsri raises fixed deposit interest rate to 1.25% to help customers amid rising inflation

Krungsri President and Chief Executive Officer, Mr. Seiichiro Akita, said "In response to the Bank of Thailand's monetary policy rate hike for the third time in 2022, Krungsri raises its 14-month fixed deposit interest rate by 0.25% to 1.25% per annum to encourage saving habits and increase returns to our customers amidst elevated inflation. The deposit interest rate increase is also in line with the government's policy to support Thailand's sustainable and full-potential economic growth in the long term."

"Krungsri is committed to continuously supporting all customer groups. We are closely monitoring the market situation for the lending rate adjustment and considering any potential impacts. We will inform you once we have any updates."

For more information, visit our official website www.krungsri.com or contact Krungsri Call Center 1572.

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