how241

Thanks !!! Good info, certainly something to think about. I wonder how that relates to Thailand savings rates, probably also going backwards.

The exchange rate can either be good or bad for you depending on what it is compared to when you made your deposit. You can either make extra money or lose some but it won't really matter if you decide to roll over your fixed account into another term deposit. As long as you don't have an immediate need for your money you can usually wait for the exchange rate to be in your favor. As with most any investments, there is always risk.

I won't mind just keeping my money in Thailand 'if' they would raise up the rates to at least 3%. I don't think that will happen anytime soon.

Thanks. Good info. Some of the larger banks in Vietnam also seem very safe.

I don 't have either of whose so I guess Vietnam won't work for me. I wonder if the bank managers can 'rubber stamp' the paperwork so you can get around these requirements ?

It looks like no one has tried any of these banks.

Cambodia bank -rates on USD https://www.cab.com.kh/home_detail?page=en&product_id=1c383cd30b7c298ab50293adfecb7b18

I think the largest banks are relatively safe. Vietnam has good growth potential. I liked the idea of having a Thai baht account, thus avoiding the exchange rate drama. In the US, getting 3-4.5% is common but I like to keep some money closer to where I live. I have lived in Thailand for 12 years but Vietnam might be another place to try out.

I have recently seen interest rates of 7.4%-8.5% at major Vietnam banks and 6%-7% at Cambodia Banks for 8-12 month accounts. As a foreigner, has anyone recently opened any accounts with them ? What was your experience? Do you think it is risky ? I was reading that they offer accounts in US dollars and Thai baht, along with their own currency. What do you think ???

I just did a 'quick' read on the banks website so I am not sure. It looks like the Vietnam banks don't pay interest on dollar accounts but I could be wrong. It looked like the Cambodia banks paid interest on THB. Again, I am not sure as I only did a quick read at one banks website. That's why I am hoping to get recent info from people that have actually made accounts with them.

I have recently seen interest rates of 7.4%-8.5% at major Vietnam banks and 6%-7% at Cambodia Banks for 8-12 month accounts. As a foreigner, has anyone recently opened any accounts with them ? What was your experience? Do you think it is risky ? I was reading that they offer accounts in US dollars and Thai baht, along with their own currency. What do you think ???

You are correct. With the low rates that the Thai banks are paying , keeping the 800K does cost some lost interest(lost money). It is certainly not a free visa. I know that some people use agents to avoid keeping the 800K in the bank but even that will cost 12K-15K and I am not comfortable with the legality of it. No free ride. On a non-related issue, I don't know why immigration doesn't charge a small fee for the 90 day report. It would give them a large additional income stream. Most things done at any Gov't offices will require a fee. I won't be making this suggestion to them...hahaha

Nexo has had no involvement or losses with any of the cryptos that recently have gone bankrupt or had similar issues. I don't want to hijack this thread into a crypto thread. End of crypto posts.

You can hold stable coins at Nexo and earn 10%, paid out daily with no lock up. You need to hold some Nexo coins to earn the 10% but you can also earn 8% and not have to hold any other coins. Interest is paid daily and there is no lock up so you can withdraw anytime. Yes, I understand that it is NOT a bank.

https://www.bot.or.th/english/statistics/_layouts/application/interest_rate/in_rate.aspx Maybe they have not updated their rates as I am not seeing some of these higher rates yet. Also this site might not show promotional rates or offers.

Thanks for the updates. Nice to see some better Thai rates. I have seen banks in the USA offering 5% for a 1 year CD(fixed account). Hopefully, after the next Fed meeting, Thailand will push up the rates a little more. I don't expect to see 5% anytime here.

Good move !!! I would recommend selling some BTC at this price and lock in a nice profit. Sell some more BTC around $29K. BNB should move much higher, in my opinion. I might sell some BNB at 348 and again at 398. Good Luck.

It would cost the banks a LOT of money to even try to do that and why would banks care about crypto ??

Thanks to all recent posters for their updates. Hopefully, rates of 3% will soon be available in Thailand but I kind of doubt it.

I think Bitcoin will trade at $35-$40K or more, before the end of the year. Just my opinion so don't go crazy on me.

They made a mold of my teeth. I ordered one from the Pattaya/Bangkok hospital for 4300 baht. It will be ready for pick up in 1 week. It costs a lot but hopefully it works well.

I have tried that a few times but could never get one to fit properly. I found it impossible to sleep with those mouth guards. I ordered one from the Pattaya/Bangkok hospital for 4300 baht. It will be ready for pick up in 1 week.

Thanks for the info. I did not see that before.

I've been having a problem with my teeth grinding at night. I want to get a mouth guard made but my dentist doesn't handle that. Does anyone know a dentist who will make a mouth guard ? I know there are many very good Pattaya dentists but I am specifically looking for a dentist who will make me a mouth guard. Thanks for any info.

I see that in the USA, some banks are offering close to 5% for 1 year fixed accounts. What is the best current available interest rates for Thai accounts ?? Thanks for any info.