AmBank Increases Interest Rates For Fixed Deposits

AmBank (M) Bhd has increased the interest rates for fixed deposits, effective on Thursday.

In a statement here, AmBank said this followed the recent increase in overnight policy rate by Bank Negara Malaysia and in line with its recent increase in its base lending rate from 5.55 per cent per annum to 5.80 per cent.

AmBank said it has passed on the full 25-basis-point rise to the customers' fixed deposits for one month and 12 months.