I've noticed banks have fixed deposit accounts like "Sinmathaya Subthawi" (สินมัธยะทรัพย์ทวี) in Bangkok Bank or KTB Zero Tax in Krungthai Bank, where you pay monthly deposit, and get 2.5 to 2.75% tax free annual interest. I've already tried to open those, but failed, and the staff was unable to explain why, as it just failed after they inputted all my info in their computer.

 

Does that mean this type of deposit is not available to foreigners? I'm working here with a work permit for reference.

Edited September 25, 20196 yr by SymS

I have had 'Subtawee' accounts before and other similiar ones, with never a problem to open.

I have WP, but have never needed it to open the accounts.

So all I say is yes they allow foreigners to open..me anyway.

Only thing is with these accounts you cannot take out the money until the specified end date (unlike a fixed deposit where any early withdrawal reverts back to the normal savings account rate).

Good luck to you.

Edited September 25, 20196 yr by thainet

 

I've also opened one with no problem.

And I don't have a work permit.

Thanks for the answers but I've given up since I've unsuccessfully tried to apply in three different banks.
I called Bangkok Bank, and they told me they need more time for approval, over one month has passed since my application, and around 3 weeks for the phone call.
I've just tried to apply with Siam Commercial Bank and the staff told me it's not available to foreigners.

 

Edited October 15, 20196 yr by SymS