Retirement extension in Korat, fixed deposit ok?

[hkt83100]

The subject says it all. I moved from Phuket to here. In Phuket a Fixed Deposit account was good for the 800 000 Baht, but how about Korat? Is it accepted? I'd like to know before opening an account which will not count... Thanks for answer!

[ubonjoe]

I don't recall any reports of them not accepting a fixed deposit account.

Be sure you open the new account 3 months before you will be applying for the extension.

[hkt83100]

Thank You Joe. I am still over 4 months ahead of extension, so no sweat.

Edited September 5, 2018 by hkt83100
typo corrected.

[Rally123]

I had my 800 G's in a teachers 'Credit Union' fixed term account earning 6.25%. All was well for a couple of years until last year when Buriram office decided the 'Credit Union' wasn't a bank and therefore my money was invalid. Even though they had issued my extension for the 2 previous years they dug their heels in. So now I have to put my monies into an account with the 'Credit Union' for 9 months giving 4% interest and then putting it into my 'bank' earning Jack shit in interest for 3 months.