Public​ announcement​ on​ interest​ rate​ changes​ for​ Fixed​ Deposits​ in​ USD

14/06/2018

Dear​ valued​ customers, we​ would​ like​ to​ inform​ you​ that​ effective​ from​ 15​ June​ 2018,​ ABA​ Bank​ reduces​ the​ interest​ rate​ of​ Fixed​ Deposit​ for​ USD​ accounts​ opened​ over​ the​ counter​ and​ in​ ABA​ Mobile​ app.​
The​ new​ rates​ for​ both​ new​ and​ rolling​ over​ Fixed​ Deposit​ accounts​ in​ USD​ are​ as​ follows:

Fixed​ Deposit​ in​ USD​ opened​ over​ the​ counter:​

TermInterest at Maturity
for Individuals
Monthly Interest
for Individuals
Interest at Maturity
for Corporates
12 months4.75% p.a.4.50% p.a.4.50% p.a.
24 months5.00% p.a.4.75% p.a.4.75% p.a.
36 months5.25% p.a.5.00% p.a.5.00% p.a.

Fixed Deposit in USD opened in ABA Mobile app:

TermInterest at Maturity
 7 months3.71%
8 months3.92%
9 months4.13%
10 months4.33%
11 months4.54%
12 months4.75%
18 months4.88%
24 months5.00%
30 months5.13%
36 months5.25%

The​ reduction​ of​ the​ interest​ rate​ is​ made​ considering​ the​ following​ factors:

  • The​ surplus​ of​ liquidity​ in​ the​ banking​ industry​ in​ general,​ the​ top​ five​ banks​ in​ the​ country​ continue​ to​ lower​ their​ interest​ rates​ for​ both​ existing​ and​ new​ Fixed​ Deposit​ accounts.​ ABA​ Bank,​ being​ one​ of​ the​ top​ banks,​ adopts​ the​ similar​ movement​ as​ per​ change​ of​ industry​ trend.
  • ABA​ Bank​ is​ one​ of​ the​ most​ secured​ bank​ in​ Cambodia,​ so​ the​ confidence​ ABA​ provides​ to​ customer​ to​ secure​ their​ monies​ safely​ is​ much​ more​ important​ than​ interest​ rates.
  • ​Despite​ reduction​ of​ the​ interest​ rate​ for​ long-term​ Fixed​ Deposit​ in​ USD,​ you​ are​ still​ offered​ with​ the​ most​ competitive​ interest​ rate​ amongst​ the​ top​ five​ commercial​ banks​ in​ the​ country.​

For​ any​ questions​ related​ to​ these​ changes,​ please​ reach​ out​ to​ your​ Relationship​ Manager,​ send​ an​ email​ to​ info@ababank.com,​ or​ call​ our​ Contact​ Centre​ at​ 023​ 225​ 333​ available​ 24/7​ for​ you.

Thank​ you​ for​ banking​ with​ us!​
Advanced​ Bank​ of​ Asia​ Ltd.​