Public Announcement on the changes of Flexi Deposit rates
07/Nov/2017
Dear valued customers,
We would like to inform you that effective from 1 December 2017, ABA Bank reduces the interest rate of Flexi Deposit opened with interest rates 3.00% p.a. and 2.75% p.a. (in total, it will affect 2,349 customers).
The reduction of the interest rate will follow the below conditions:
| Existing Interest Rate (p.a.) | New Effective Interest Rate (p.a.) |
| 3.00% | 2.50% |
| 2.75% | 2.25% |
The reduction of interest rate is made considering the following factors:
- ABA is considered as a low-risk bank with moderately strong credit ratings of “B” confirmed by international credit rating agency Standards & Poor’s (S&P). In addition, ABA is 90% backed by the strong shareholder, National Bank of Canada – the “A+”-rated bank with 150+ years history of operations.
- Despite reduction of the interest rate, you are still offered with the most competitive interest rate in the market with maximum flexibility to access your funds 24/7 without any hassle (terms and conditions apply). Alternatively, you are highly encouraged to convert your balances of Flexi Deposit into Fixed Deposit to enjoy higher return on investment.
- In addition to competitive interest rate, you can enjoy value-added digital banking solutions, such as ABA Mobile app, Internet Banking, Self Service machines, and others).
For any questions related to these changes, please reach your Relationship Manager, send an email to [email protected] 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.
