Maybank today announced that it will be revising its deposit and base lending rates effective Tuesday, 18 May 2010, in line with the increase in the Overnight Policy Rate (OPR) by 25 basis points.
Maybank deposit rates will be revised upwards, by up to 25 basis points.
“We are seeing deposit interest rates now higher than the inflationary rate, and this is beneficial to deposit customers as there is a net positive effect on their savings,” said Dato’ Sri Abdul Wahid Omar, President and CEO of Maybank.
The base lending rate (BLR) of Maybank will be revised upwards by 25 basis points from 5.80% p.a. to 6.05% p.a. while the base financing rate (BFR) of Maybank Islamic Berhad will similarly be increased by 25 basis points to 6.05%.
The last revision in Maybank’s BLR and Maybank Islamic’s BFR was on 9 March 2010 when they were revised from 5.55% p.a. to 5.8% p.a.