Maybank lowers interest rates to 3%

Maybank Group president and chief executive officer Datuk Abdul Farid Alias

KUALA LUMPUR: Malayan Banking Bhd is lowering the interest rates for loans and savings by 20 basis points with effect from Friday.

It said the base rate (BR) will belowered by 20 basis points from 3.20% per annum to 3% per annum while its base lending rate (BLR) will also be revised from 6.85% to 6.65% per annum.