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TMB Bank launches 2-year-term deposit offering actual interest even premature withdrawal
By k on August 25, 2009
| BANGKOK, 25 August 2009 (NNT) – TMB Bank launches a two-year-term deposit product, which still offers interest rates as usual, even when depositors withdraw money before the deposit’s maturity.
TMB Chief Retail Banking Officer Mr. Michal Szczurek said in general if the customers withdrew money from fixed deposit before maturity, they would not receive any interest or only earn a minimum interest rate of about 0.5% per annum as the standard savings account. But TMB Up & Up Term Deposit allowed customers to withdraw their money prematurely whenever they needed. Customers will receive 0.75% interest during the first six months of deposit, 1.25% during the next six months, 1.75% during the next six months, and 4.25% during the last six months. Minimum deposit is 25,000 baht and 30 million baht is the maximum. |
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