Maybank said it will revise upwards its Standardised Base Rate (SBR), Base Rate (BR), and Base Lending Rate (BLR) by 25 basis points effective 8 May 2023, following the announcement today on the Overnight Policy Rate (OPR) increase.
The rates will be increased from 2.75% p.a. to 3.00% p.a. while its BLR will be revised from 6.40% p.a to 6.65% p.a. Similarly, the Islamic SBR and BR will be increased by 25 basis points from 2.75% p.a. to 3.00% p.a. respectively while the Islamic Base Financing Rate will be increased from 6.40% p.a to 6.65% p.a.
In line with the revision, Maybank and Maybank Islamic’s fixed deposit rates will also be adjusted upwards effective 8 May 2023.
The last revision in Maybank’s Base Rate was on 7 November 2022 when it was increased from 2.50% p.a. to 2.75% p.a. following an OPR increase by the same quantum.
