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Bangkok Post
Bangkok Post
Business

State banks increase interest rates to attract depositors

Interest Rates GSB BAAC
The Government Savings Bank booth at Money Expo 2023, which is currently taking place at Impact Muang Thong Thani. (Photo courtesy of Facebook: GSBSociety)

State banks are rushing to provide higher deposit rates to customers, including one scheme that offers up to 17%.

During the 23rd Money Expo 2023, Government Savings Bank (GSB) and the Bank for Agriculture and Agricultural Cooperatives (BAAC) introduced campaigns to attract customers with short-term deposits for 3-5 months by offering step-up interest rates.

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