Mr. Pridi Daochai, Managing Director of Kasikorn Bank, announced that the bank has decided to adjust the interest rates for fixed deposits of various terms—3 months, 6 months, 12 months, 24 months, and 36 months—for amounts not exceeding 5 million baht, increasing by 0.25% per annum. This adjustment brings the interest rates for fixed deposits at Kasikorn Bank to between 1.15% and 1.85% per annum, effective from January 5, 2019, onwards. This move aims to respond to government policies aimed at increasing income for the public, particularly for retail depositors, and to support the overall economic goals of Thailand.

Additionally, the bank has not raised loan interest rates at this time to alleviate the debt burden on small businesses and individual customers, helping to ease their expenses and support sustainable economic growth in the long term, despite the Bank of Thailand having raised the policy interest rate on December 19, 2018.

Thank you for the information from www.kasikornbank.com