Standard Chartered Malaysia and its Islamic subsidiary, Standard Chartered Saadiq has raised the interest, financing and profit rates from Monday, 5 February 2018. 

The base rate (BR), base lending rate (BLR) and base financing rate (BFR) will be increased by 0.25% or 25 basis points (bps) to 3.77% and 6.95% respectively. The fixed deposit (FD) board rates will also increase by between 20bps to 25bps on the same day. 

The increase was in line with Bank Negara Malaysia's recent announcement to raise the Overnight Policy Rate (OPR) by 25 bps to 3.25% during its monetary policy committee meeting on Thursday 25 January 2018. 

Managing Director and Chief Executive Officer of Standard Chartered Malaysia, Abrar Anwar, said, “While there will be an increase in FD rates, our customers can continue to enjoy good returns from their savings. The Standard Chartered Privilege Savings Account, for example, gives you the flexibility to enjoy bonus interest up to 4.25% p.a. for Personal Banking Clients or up to 5% p.a. for Priority Banking Clients when you save, spend, pay, invest and insure.”

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