To those interested, LH Bank offering 1.75% interest rate for 12m period

[dante123]

i looked around in a few banks and this seemed to be the highest one

opened an account yesterday, very easy process.

 

[KhunBENQ]

3 minutes ago, dante123 said:

i looked around in a few banks and this seemed to be the highest one

opened an account yesterday, very easy process.

Sounds interesting.

They opened a fixed deposit for you.

Just passport and proof of residence required?

Or what documents did you have to bring?

[dante123]

31 minutes ago, KhunBENQ said:

Sounds interesting.

They opened a fixed deposit for you.

Just passport and proof of residence required?

Or what documents did you have to bring?

passport and work permit, not sure about other conditions, if its anything like other banks then i assume different branches different rules, might accept immigration letter or might even accept just passport

[moontang]

CIMb does the senior deal at 1.75% for a year, monthly payouts, no tax withholdings up to 1.5 million.

Just make sure you have a way to get an entry for the day of your extension..I simply added a 10K 6 month in the same book.

[simon43]

1.75% sounds terrible when compared to the 8% that my Lao savings account offers ... ????

[Gulfsailor]

4 minutes ago, simon43 said:

1.75% sounds terrible when compared to the 8% that my Lao savings account offers ... ????

Until you realize that the Lao Kip lost over 9% of its value against the Thai Baht in the past 12 months...

[moontang]

5 minutes ago, simon43 said:

1.75% sounds terrible when compared to the 8% that my Lao savings account offers ... ????

8% sounds terrible compared to the 33% return on SPDR last year.  Is there deposit insurance?  A few have found out the hard way there isn't any in Vietnam.

[Gweiloman]

9 minutes ago, simon43 said:

1.75% sounds terrible when compared to the 8% that my Lao savings account offers ... ????

You do understand the relationship between risk and reward don’t you?

[baansgr]

5 minutes ago, Gulfsailor said:

Until you realize that the Lao Kip lost over 9% of its value against the Thai Baht in the past 12 months...

Bit Simon lives there, XE is probably irrelevant to him at present