Illustration
Deposit interest rates at SCB counter in March 2024
Currently, SCB interest rate framework for individual customers depositing at the counter ranges from 1.7- 4% per year depending on the term.
Specifically, interest rates for terms from 1- 11 months remain unchanged from the previous month. Specifically, the two terms 1 and 2 months are 1.7% per year. Terms 3-5 months share the interest rate of 2% per year; terms from 6 – 11 months with the same interest rate of 3% per year.
Meanwhile, SCB reduced savings interest rates for terms from 12 – 36 months to 4% per year. This is also the highest interest rate applicable to customers depositing at SCB counter.
Non-term deposits apply only to the monthly interest rate of 0.1% per year.
In addition, SCB offers various other interest payment methods for customers to refer to and choose from such as: Annual interest payment (Interest rate range of 3.85 – 3.92% per year); Semi-annual interest payment (Interest rate range of 3.81- 3.96% per year); Quarterly interest payment (Interest rate range of 2.97- 3.94% per year); Monthly interest payment (Interest rate range of 1.69 – 3.92% per year); Pre-interest payment (Interest rate range of 1.68 -3.84% per year).
Deposit interest rate chart at SCB counter in March 2024
|
TYPE OF DEPOSIT |
END OF PERIOD INTEREST (%) |
ANNUAL INTEREST (%) |
SEMI-ANNUAL INTEREST (%) |
QUARTERLY INTEREST (%) |
MONTHLY INTEREST (%) |
PRE-INTEREST (%) |
|
No term |
0.10 |
|||||
|
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 also reduced interest rates for deposit terms from 12 months onwards. Accordingly, interest rates for saving online, receiving interest at the end of the period range from around 1.75 – 4.05% per year.
Specifically, customers depositing for terms of 31, 39, 45 days and 1-2 months will receive an interest rate of 1.75% per year. Terms from 3- 5 months have an interest rate of 2.05% per year, terms 6- 11 months is 3.05% per year.
The highest preferential interest rate for online savings at SCB is 4.05% per year applied when depositing for terms from 12 – 36 months.
In addition, the online deposit method is also implemented with other interest payment methods such as pre-interest payment (Interest rate from 1.74 -3.89% per year); Monthly interest payment (Interest rate from 1.74 – 3.97% per year).
Online deposit interest rate chart at SCB in March 2024
|
TERM |
ONLINE SAVINGS DEPOSIT |
||
|
PRE-INTEREST |
MONTHLY INTEREST |
END OF PERIOD 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 |
3.00 |
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 continued to apply other deposit packages such as: Regular deposit for 13 months, Parallel-saving – all-purpose insurance, Lucky Fortune Saving.
Note: Interest rate information is for reference only and may change over time. Customers can go directly to SCB branches and customer service hotline for accurate advice.
