The Bank for Agriculture and Agricultural Cooperatives (BAAC) plans to raise savings through the launch of savings lotteries worth 100 billion baht, says executive vice-president Manop Jinamai.
He said the bank would launch Kaset Mankong 4, a lottery batch under its Taweesin savings lottery brand, later this month, offering 200 million units at 500 baht per unit. The tenure is three years and the interest rate is 0.333% per year.
Mr Manop said he believes this latest batch would prove attractive to retail customers and members of the public, despite the trend of rising interest rates.
