|
On 7 March 2008, Asia Commercial Bank (ACB) made official announcement of the increase in interest rate of time deposit in USD of all terms from 0.8%/year to 1.35%/year.
Specific interest rates are as follows:
Term |
Old interest rate |
New interest rate |
Date of receipt |
| 1 month |
4.150%/year |
5.500%/year |
End-of-term |
| 2 months |
4.250%/year |
5.550%/year |
End-of-term |
| 3 months |
4.500%/year |
5.700%/year |
End-of-term |
| 6 months |
4.600%/year |
5.750%/year |
End-of-term |
| 9 months |
4.600%/year |
5.750%/year |
End-of-term |
| 12 months |
4.050%/year |
5.750%/year |
Quarterly |
| 12 months |
4.600%/year |
5.800%/year |
End-of-term |
| 13 months |
4.600%/year |
5.850%/year |
End-of-term |
| 24 months |
4.150%/year |
5.250%/year |
Quarterly |
| 24 months |
4.650%/year |
5.550%/year |
End-of-term |
| 36 months |
4.700%/year |
5.500%/year |
End-of-term |
ACB also launched preferential program for customers with deposits in USD of USD 20,000 and above. Apart from normal interest rate, customers of preferential program can enjoy bonus interest rates as follows:
Amount/savings card |
Bonus interest rate |
| USD 20,000 - <USD 60,000 |
0.05%/year |
| USD 60,000 - <USD 300,000 |
0.15%/year |
| USD 300,000 and above |
0.25%/year |
|
