katom Posted February 6, 2007 Share Posted February 6, 2007 how much money can get for 2+ Milion baht in thai bank? Link to comment Share on other sites More sharing options...
Firefan Posted February 6, 2007 Share Posted February 6, 2007 If you mean interest I believe best rate on a 1 year time deposit right now is around 4.75% (from which bank deducts 15% tax). Cheers! Link to comment Share on other sites More sharing options...
katom Posted February 6, 2007 Author Share Posted February 6, 2007 So that make it around 7500 baht per month (intrest only) ?? Cant do more then this with this kind of money? its really little bit. Link to comment Share on other sites More sharing options...
the pleiadian Posted February 6, 2007 Share Posted February 6, 2007 th bank in tailande give at most 4.5%(minus 15% of it tax), the mutual fund fixed income type give about 4.0-4.8% net. I personally bought some fixed income instrument at ING tailand, but I put my most chunks of my money in Abeerden in Singapore. I do not trust Tailande this country, after all its just a third world and very very backward in international monetary policies. I was introduced the Aberdden China Opportunity fund in 2002, and my money more than doubled by 2006, and in 2003, I was introduced Abeerden Pacific equity fund, so I bought more and it has risen up to now about 50% of my original investment in 2 years or so. I always thank Singapore and its financial institutions for ginving me the chance to live in luxury for life. Link to comment Share on other sites More sharing options...
JimmyGreaves Posted February 6, 2007 Share Posted February 6, 2007 If you mean interest I believe best rate on a 1 year time deposit right now is around 4.75% (from which bank deducts 15% tax). Cheers! What bank is giving this interest rate as can't seem to find it? Link to comment Share on other sites More sharing options...
naka Posted February 7, 2007 Share Posted February 7, 2007 Siam Commercial gives 4.0% on a deposit of 1 to 3 million Baht. Naka. Link to comment Share on other sites More sharing options...
kalaminsa Posted February 9, 2007 Share Posted February 9, 2007 katom , sold your business and want to retire with a 2 million baht 'nestegg' ?? Link to comment Share on other sites More sharing options...
katom Posted February 28, 2007 Author Share Posted February 28, 2007 kalaminsa , hehe retire on 2 million baht.. Not at all !! I'm not crazy to retire on 2 million baht. I check the options to invest some money and as I see it..thailand banks not so good intrest. Link to comment Share on other sites More sharing options...
tingtong Posted February 28, 2007 Share Posted February 28, 2007 as i see it you dont put money to the bank to invest it...you put there because you didnit find the right investment, yet. bank are not there to make you money, they make that to shareholders. and as interest rate outlook is, better to speed up, soon it wont be 4% neither!! Link to comment Share on other sites More sharing options...
CM-Joe Posted March 1, 2007 Share Posted March 1, 2007 I got last week 4.75% at Bangkok Bank for 12 month. This was for investments of over 1 million THB. Last year I even got 5.25 %. China fonds went up a lot, but can also go down a lot. There is no profit without risk... Link to comment Share on other sites More sharing options...
LoveDaBlues Posted March 1, 2007 Share Posted March 1, 2007 So that make it around 7500 baht per month (intrest only) ??Cant do more then this with this kind of money? its really little bit. Uh...you want to invest peanuts and make steak? 2 million baht not much of an investment. Link to comment Share on other sites More sharing options...
Briggsy Posted March 1, 2007 Share Posted March 1, 2007 Thailand is a high-risk investment environment. It has weak enforcement in the area of investor protection and possibly even weaker protection for foreigners. There are many regulations which hinder foreign investment. As for Thai banks, their spread between lending and borrowing rates are large. In summary, as a foreigner, you would be best to think about investing your money in a different country. Someone has already suggested Singapore. This country does not have the disadvantages detailed above. On a personal note, I had a Krung Thai savings account for many years. Interest payment was stopped after several years. No notification was given. When I finally noticed, 19 months later, and enquired, I was informed it was because I was a foreigner. They would not pay the interest retrospectively despite me holding a work permit for the full period. This is typical of the capricious, unpredictable and arbitrary investment environment here. Link to comment Share on other sites More sharing options...
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