PETALING JAYA: Maybank and Maybank Islamic will raise their interest rates by 25 basis points (bps) in line with the rise in the overnight policy rate (OPR) announced by Bank Negara Malaysia (BNM) today.
In a statement issued shortly after the BNM announcement, Maybank said its standardised base rate (SBR) and base rate (BR) as well as base lending rate (BLR) would be raised by 0.25% with effect from next Monday.
The SBR and BR will rise to 2.75% from 2.5% currently while the BLR will go up from 6.4% from 6.15% for both Maybank and Maybank Islamic.
Maybank said the fixed deposit rates for both the conventional and Islamic banks will also be adjusted upwards accordingly.
Maybank last revised its rate, also by 0.25% on Sept 12 when the OPR was raised by a similar quantum to 2.5%.