Maybank will revise upwards its Base Rate (BR) and Base Lending Rate (BLR) by 25 basis points effective 8 July 2022, following the announcement today on the Overnight Policy Rate (OPR) increase.
Maybank’s Base Rate (BR) will be increased from 2.00% p.a. to 2.25% p.a. while its Base Lending rate (BLR) will be revised from 5.65% p.a to 5.90% p.a. Similarly, the Islamic Base Rate and Base Financing Rate will be increased by 25 basis points from 2.00% p.a. to 2.25% p.a. and from 5.65% p.a to 5.90% p.a. respectively.
In line with the revision, Maybank and Maybank Islamic’s fixed deposit rates will also be adjusted upwards effective 8 July 2022.
The last revision in Maybank’s Base Rate was on 13 May 2022 when it was increased from 1.75% p.a. to 2.00% p.a. following an OPR increase by the same quantum.