BAY offers nine-month deposit at 3.1 per cent

The interest rate is 3 per cent per year on deposits of Bt50,000 to less than Bt2 million and 3.1 per cent on Bt2 million and up.

Interest rates are higher, 3.2-3.3 per cent, for nine-month bills of exchange registered in the name of the holder.

For an investment of less than Bt10 million, the interest rate is 3.2 per cent, and for Bt10 million and up, it is 3.3 per cent. Principal and interest will automatically be transferred to the holder's savings or current account at maturity. The minimum purchase of the non-transferable Krungsri nine-month bills of exchange is Bt500,000.

Roy Gunara, head of consumer banking, said the Value Choice time deposit and Krungsri bills of exchange were good choices for savings and low-risk investment amid the current interest-rate volatility.

In particular for the nine-month deposit, customers will receive an interest payment each month.

Both products are available until July 11.