Maybank adjusts deposit, base lending rates

Due to Overnight Policy Rate changes.

Maybank has announced that it will be revising its deposit and base lending rates effective 16th July 2014, in line with the increase in the Overnight Policy Rate (OPR) by 25 basis points.

According to a release from Maybank, its deposit rates will be revised upwards by up to 15 basis points, while its base lending rate (BLR) will also be increased by 25 basis points from 6.60% p.a. to 6.85% p.a.

The base financing rate (BFR) of Maybank Islamic Berhad will similarly be revised upwards by 25 basis points to 6.85%, the release said.

Further, the release said that the last revision in Maybank’s BLR and Maybank Islamic’s BFR was on 11 May 2011 when they were revised from 6.30% p.a. to 6.60% p.a.