With Bank Negara announcing the OPR rate hike by .25 basis points, Maybank has said it will revise upwards its Standardised Base Rate (SBR), Base Rate (BR), and Base Lending Rate (BLR) by 25 basis points effective 7 November 2022.
The banking group’s, SBR and BR will be increased from 2.50% p.a. to 2.75% p.a. while its BLR will be revised from 6.15% p.a to 6.40% p.a. Similarly, the Islamic SBR and BR will be increased by 25 basis points from 2.50% p.a. to 2.75% p.a. respectively while the Islamic Base Financing Rate will be increased from 6.15% p.a to 6.40% p.a.
In line with the revision, Maybank and Maybank Islamic’s fixed deposit rates will also be adjusted upwards effective 7 November 2022.
The last revision in Maybank’s Base Rate was on 12 September 2022 when it was increased from 2.25% p.a. to 2.50% p.a. following an OPR increase by the same quantum.
