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Deposit Interest Rates at SCB Counters in March 2024
The current interest rate framework from SCB for individual customers who deposit money at the counter ranges from 1.7- 4%/year, depending on the term.
Specifically, interest rates for terms from 1-11 months remain unchanged compared to the previous month. Specifically, the interest rates for the 1 and 2 month terms are 1.7%/year. The interest rate for terms 3-5 months is 2%/year; for terms 6 – 11 months, the interest rate is 3%/year.
Meanwhile, SCB has reduced deposit interest rates for terms from 12 – 36 months to 4%/year. This is also the highest interest rate applied to customers who deposit money at SCB counters.
Non-term deposits only apply to interest-carrying deposits with a monthly interest rate of 0.1%/year.
In addition, SCB has various other forms of interest payments for customers to refer to and choose from, such as: Annual Interest Payment (Interest rate around 3.85 – 3.92%/year), Semi-annual Interest Payment (Interest rate around 3.81- 3.96%/year), Quarterly Interest Payment (Interest rate around 2.97- 3.94%/year), Monthly Interest Payment (Interest rate around 1.69 – 3.92%/year), Advance Interest Payment (Interest rate around 1.68 -3.84%/year).
Deposit interest rates at SCB counters in March 2024
|
DEPOSIT TYPE |
END OF TERM INTEREST (%/YEAR) |
ANNUAL INTEREST (%/YEAR) |
SEMI-ANNUAL INTEREST (%/YEAR) |
QUARTERLY INTEREST (%/YEAR) |
MONTHLY INTEREST (%/YEAR) |
ADVANCE INTEREST (%/YEAR) |
|
Non-term deposit |
0.10 |
|||||
|
Fixed-term deposit |
||||||
|
1 month |
1.70 |
1.68 |
||||
|
2 months |
1.70 |
1.69 |
1.68 |
|||
|
3 months |
2.00 |
1.99 |
1.98 |
|||
|
4 months |
2.00 |
1.99 |
1.98 |
|||
|
5 months |
2.00 |
1.99 |
1.98 |
|||
|
6 months |
3.00 |
2.98 |
2.98 |
2.95 |
||
|
7 months |
3.00 |
2.97 |
2.94 |
|||
|
8 months |
3.00 |
2.97 |
2.94 |
|||
|
9 months |
3.00 |
2.97 |
2.97 |
2.93 |
||
|
10 months |
3.00 |
2.96 |
2.92 |
|||
|
11 months |
3.00 |
2.96 |
2.91 |
|||
|
12 months |
4.00 |
3.96 |
3.94 |
3.92 |
3.84 |
|
|
15 months |
4.00 |
3.92 |
3.90 |
3.80 |
||
|
18 months |
4.00 |
3.92 |
3.90 |
3.89 |
3.77 |
|
|
24 months |
4.00 |
3.92 |
3.88 |
3.86 |
3.85 |
3.70 |
|
36 months |
4.00 |
3.85 |
3.81 |
3.79 |
3.78 |
3.57 |
Source: SCB
Online deposit interest rates at SCB in March 2024
For online deposits, SCB has also adjusted the reduced deposit interest rate for terms of 12 months or more. Accordingly, the interest rate applied to savings deposits online, with interest paid at the end of term, is in the range of 1.75 – 4.05%/year.
Specifically, customers who deposit for terms of 31, 39, 45 days and 1-2 months receive an interest rate of 1.75%/year. Terms of 3- 5 months have an interest rate of 2.05%/year, and terms of 6- 11 months have an interest rate of 3.05%/year.
The most preferential online deposit interest rate at SCB is 4.05%/year applied to terms of 12 – 36 months.
In addition, online deposit accounts are also offered with other forms of interest payments such as Advance Interest Payment (Interest rate from 1.74 -3.89%/year); Monthly Interest Payment (Interest rate from 1.74 – 3.97%/year).
Online deposit interest rates at SCB in March 2024
|
TERM |
ONLINE DEPOSIT |
||
|
ADVANCE INTEREST |
MONTHLY INTEREST |
END OF TERM INTEREST |
|
|
 |
 |
 |
|
|
31, 39, 45 days |
1.74 |
 |
1.75 |
|
1 month |
1.74 |
 |
1.75 |
|
2 months |
1.73 |
1.74 |
1.75 |
|
3 months |
2.03 |
2.04 |
2.05 |
|
4 months |
2.03 |
2.04 |
2.05 |
|
5 months |
2.03 |
2.04 |
2.05 |
|
6 months |
3 |
3.03 |
3.05 |
|
7 months |
2.99 |
3.03 |
3.05 |
|
8 months |
2.98 |
3.02 |
3.05 |
|
9 months |
2.98 |
3.01 |
3.05 |
|
10 months |
2.97 |
3.01 |
3.05 |
|
11 months |
2.96 |
3.01 |
3.05 |
|
12 months |
3.89 |
3.97 |
4.05 |
|
13 months |
3.87 |
3.96 |
4.05 |
|
15 months |
3.85 |
3.95 |
4.05 |
|
18 months |
3.81 |
3.93 |
4.05 |
|
24 months |
3.74 |
3.89 |
4.05 |
|
36 months |
3.60 |
3.82 |
4.05 |
Source: SCB
In addition to the above two deposit products, in March, SCB continues to offer other deposit packages such as: Regular deposits 13 months, Parallel Savings – comprehensive insurance, and Lucky Wealth Savings.
Note: Interest rate information is for reference only and may vary during different periods. Customers can visit the transaction counters and the SCB hotline for accurate advice.
