Kuala Lumpur, 7 July 2022 – Alliance Bank Malaysia Berhad (“Alliance Bank” or the “Bank”) today announced that it will raise its Base Rate, Base Lending Rate, and Base Financing Rate by 25 basis points effective 13 July 2022, following Bank Negara Malaysia’s revision of the Overnight Policy Rate (“OPR”) on 6 July 2022.
The Bank's Base Rate will be adjusted from 2.82% to 3.07% per annum, and Base Lending Rate and Base Financing Rate from 5.67% to 5.92% per annum. The revision will apply to all existing loans and/or financing pegged to the Base Rate, Base Lending Rate, and Base Financing Rate.
The Bank will also adjust its fixed deposit rates upwards on the same effective date. In tandem with the revision, the Bank will raise the savings rates for its Basic Savings Account, Children Savings Account and Senior Savers Account, and Alliance SavePlus Account which offers customers higher savings rate and transactional flexibility.
For more information on the Bank’s revised Base Rate, Base Lending Rate and Base Financing Rate, please visit www.alliancebank.com.my.