MBSB Bank Introduces New Competitive Campaign Rates For Individuals, SMEs

KUALA LUMPUR, Oct 8 (Bernama) -- MBSB Bank Bhd has announced its latest campaign rates, offering competitive financial solutions for both individual and small and medium enterprise (SME) customers.

In a statement today, the bank said for individual customers, the Tiered Savings Account-i (Peak Saver) offers profit rates of 0.50 per cent per annum for balances up to RM10,000, and 2.80 per cent per annum for balances exceeding RM10,000.

It said the campaign, which runs from April 1, 2024 to March 31, 2025, is designed to benefit both small savers and larger depositors, offering flexibility while maximising profit.

“In addition, the Term Deposit-i account is ideal for those seeking a secure, short-to-medium term investment, offers 3.70 per cent per annum for a six-month tenure and 4.00 per cent per annum for a 12-month tenure.

“The campaign requires a minimum deposit of RM10,000 and runs from Sept 2 to Dec 31, 2024,” it noted.

MBSB has also introduced the Prime Business Account (Current Account), with a tiered profit structure, for its SME customers.

It said the account offers 1.80 per cent per annum for balances below RM50,000; 2.50 per cent per annum for balances exceeding RM50,000; and 2.80 per cent per annum for balances above RM500,001.

It noted that the product aimed to help business owners manage cash flow efficiently while generating profitable returns.

It said the offer is available from Aug 26, 2024, to Aug 26, 2025.

Meanwhile, MBSB said its Prime Deposit-i account for SMEs provides even higher returns, offering 3.80 per cent per annum for a six-month tenure and 4.00 per cent per annum for a 12-month tenure, with a minimum deposit of RM10,000.

It said this campaign also runs until Aug 26, 2025.

“Through these offerings, MBSB Bank reaffirms its commitment to creating value for both individual and business customers by providing tailored, innovative, and secure financial solutions,” it added.

-- BERNAMA