
NoDisplayName
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Deposit with 17% interest rate?
NoDisplayName replied to Goodboybkk's topic in Jobs, Economy, Banking, Business, Investments
YES! Ezzackly..........almost. Over the 158 days you get a "per annum" rate of 3.5%. That means you get the annualized rate prorated over a specified promotion period, which in this case is 158 days. You do NOT get that rate for one full year. That's why the ads say you get 3.5% "per annum" and NOT that you get 3.5% interest. When you buy a 6-month CD, you get a per annum rate. If the per annum rate is 4%, then at six months you get 2% in interest deposited into your account. After the 6 month period, if you don't withdraw your funds, the CD will often reset with a lower NON-promotional (lower!) interest rate. In this case, you get the per annum rate over 158 days. Have you considered why the bank doesn't specify what happens at day 159 when the promotion ends? You have been confused by bank terminology into mistakenly believing you'll get the special rate for at least a full year. That's why they do it that way. -
Deposit with 17% interest rate?
NoDisplayName replied to Goodboybkk's topic in Jobs, Economy, Banking, Business, Investments
This is a 5-month promotion. You are guaranteed a specified interest rate over 158 days. The interest rate after the 158 days is unknown. Your 2.31 conversion does not apply. -
Deposit with 17% interest rate?
NoDisplayName replied to Goodboybkk's topic in Jobs, Economy, Banking, Business, Investments
Right. Do the math. You do get an average rate of 3.50% per annum, but only over the 158 days as specified in the advertisement. At day 158 you have a total of 1515 baht in interest accumulated, at 3.5% pa over the five-month period. But what happens at day 159? Your interest rate will drop from 15.8%, but to what? Unless the bank gives you 3.50% interest for the remaining 7 months of the year, you won't be getting that 3501 baht interest. Must be a reason the bank doesn't tell you what the rate drops to for the other 207 days of the year. I'm betting on a rollover to 0.50% per annum, giving you an additional 283 baht interest for 7 months. -
Deposit with 17% interest rate?
NoDisplayName replied to Goodboybkk's topic in Jobs, Economy, Banking, Business, Investments
Are you sure you're getting 3.5% for the year? I'd assume that's the average over the first five months. I'd bet that on day 159, your balance rolls over to 0.5% for the remainder. -
Stranded in Thailand: Bankrupt foreign woman unable to return home
NoDisplayName replied to snoop1130's topic in Krabi News
The US embassy does have a program to repatriate destitute Americans, but if for emergencies only, and is rarely used. The lady has to show that she is truly without funds and has exhausted all other options. -
Stranded in Thailand: Bankrupt foreign woman unable to return home
NoDisplayName replied to snoop1130's topic in Krabi News
Wait. Isn't that a protected job? I bet the smart cars are out now. -
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Did I read correctly? The lady called a taxi driver at 4am and was quoted a price? The article said called, so she didn't just flag down random mototaxi on the road. It would seem she agreed to the price, and then he drove out to pick her up. Was it only after he arrived that she tried to dispute the fare that she had apparently agreed to?
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Buddhist monk’s car crash meltdown in Bangkok
NoDisplayName replied to webfact's topic in Bangkok News
Grind'r is Buddhist? You learn something new every day. -
Order online...... Aspent-M [Aspirin] 81 mg [Pot of 60 tablets] ฿50.00 https://bangkokdrugstore.com/product/aspent-m-aspirin-81-mg-60s/
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Our local metal goods dealer has 76-cm wide roofing sheets with 25-mm insulated foam w/metal foil at 360 baht/meter. Sorry, don't know the brand name.
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This will end well.
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Who can beat Biden? Gotta be Cornpop! He's one mean dude.
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Mostly peaceful Chinese weather barroons.
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Netflix Sued for Depicting Cleopatra as Black
NoDisplayName replied to onthedarkside's topic in World News
These are historical documentaries. Where do actual facts come into the picture when all that matters is representation and inclusion and ekkitty, and telling "my truth"? -
Netflix Sued for Depicting Cleopatra as Black
NoDisplayName replied to onthedarkside's topic in World News
The director told variety And the producer said They're doing a 4-part series on "African Queens." It appears to me she's been forced to culturally appropriate as the last Wakandan Queen in a movie turned out to be a slave trader. oops. -
Netflix Sued for Depicting Cleopatra as Black
NoDisplayName replied to onthedarkside's topic in World News
That's good to know. I'll file that for future reference when Nick Cage is cast in a claimed historical documentary playing Nelson Mandela.