Bangkok, BAAC organizes a special savings deposit project ‘UP LEVEL’. Deposit for 11 months, receive stepped interest, maximum 8.80 percent per year, average 2.05 percent per year for the entire project, minimum deposit 50,000. baht or more, a maximum total of not more than 20 million baht. Deposits are open June 17-July 15 at all BAAC branches nationwide,
Mr.
Chatchai Sirilai, Manager of the Bank for Agriculture and Agricultural Cooperatives (BAAC). Revealed that BAAC has organized a special savings project “UP LEVEL” to increase benefits for those who love saving and strengthen their financial immunity. and support the creation of discipline in saving money continuously Those interested can open a special savings account with a minimum deposit of 50,000 baht or more at a time and can deposit additional amounts of 50,000 baht or more at a time, for a maximum total of not more than 20,000,000 baht for a period of 11 months, receiving a stepped interest of up to 8.80 percent per year. Average 2.05 percent p
er year for the entire project.
For individuals No interest tax on deposits By paying interest on a monthly basis. Compounding money (every 15th day of the month). The interest rate is divided into 3 periods: Period 1 from 17 June – 15 November 2024, 1.25 percent per year (5 month period), Period 2 from 16 November 2024. – 15 April 2025, 1.50 percent per year (period of 5 months) and the 3rd period from 16 April -15 May 2025, 8.80 percent per year (period of 1 month). This is for depositors who withdraw some money or close their accounts before the full amount. set The bank charges a fee of 1 percent of the principal withdrawn. Minimum 500 baht per time
For existing customers who have previously deposited money ‘Step Up Deposit Project’ (11 months) that has expired can contact the branch to express their wish to continue depositing the full amount into the project. or partially deposited or do not wish to continue depositing From 17 June – 15 July 2024. Those interested can ask for more details at all BAAC
branches nationwide or Call center 02 555 0555.
Source: Thai News Agency