Change of Interest Payment Frequency for Savings Account and Current PLUS Account of Government and Financial Institutions
From 1 May 2023 ("Effective Date"), ABA Bank changes the interest payment frequency for ABA Savings Accounts and Current PLUS Accounts for Government and Financial Institutions from semi-annually and quarterly to monthly.
In particular, the interest accrued on Savings Accounts from 1 January to 30 April 2023 will be paid out to the account holders on 1 May 2023. And from 1 May 2023 onwards, the interest payment for such accounts will be made monthly.
The Current PLUS account holders will receive the accrued interest for April on 1 May 2023. And from 1 May 2023 onwards, the interest payment for such accounts will be made monthly.
See the table below for more details:
|Account type||Currency||Existing interest payment frequency||New interest payment frequency|
|Savings Account||KHR / USD||Semi-annually||Monthly|
|Current PLUS Account||KHR / USD||Quarterly||Monthly|
Please note that the continued use of ABA Savings Accounts and/or Current PLUS Accounts for Government and Financial Institutions after the Effective Date signifies the customer's consent to the new interest payment frequency.
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