After lowering its interest rates last January, KB Prasac is now lowering its payouts on fixed-term deposits again. All rates were cut by 0.5 percentage points. The reduced rates have been implemented across the board for fixed deposits in Khmer riel and US dollars, whether with monthly payouts or payout at maturity.
KB Prasac, a former microfinance institution that is now a commercial bank, cut its rates by a modest 0.25 percentage points in January. However, with these latest cuts, KB Prasac’s interest rates are now 0.75 percentage points lower than at the start of this year.
In the rankings for monthly payouts in US dollars, the bank falls to 4th position for 1 and 2 year fixed deposits and 5th for 3 year fixed deposits. Note that KB Prasac has the same rates for all fixed deposits from 1 to 5 years. Most other financial institutions in Cambodia pay higher interest rates the longer the term.
You can see the rankings for interest rates in our comparison chart (best viewed on a larger screen like desktop, laptop or tablet).