12/24 months fixed savings account on 400k

[dayo202]

What Thai bank have the best interest rate on a 12/24 month saving bond ?.

My 12 months bonds coming to end very shortly with Bangkok Bank.

At the moment I'm getting 1.50% on 400k ฿, which is for my upcoming married visa renewal.

[1FinickyOne]

Is that 1.5% rate still available? 

 

I am looking for the highest dog beer available... [yes, dog beer = interest rate] 

Edited January 7, 2021 by kenk24

[Bender Rodriguez]

no way, 0.5 is the new norm, if you are lucky

 

you know, to help the bank from getting more profit from you depositing your money, they can get intrest at still 6-7 percent for loans they give out of thin air

[Carlosm]

SCB is 1.5% long term deposit. The cashier who opened the account for me said that foreigners are tax exempt. Same as most expats now, put my 400k in, forget about it and take the 6k baht interest out every year. (or not)

 

https://www.scb.co.th/content/dam/scb/personal-banking/product-sales-sheet/deposits/td-bonus-24months-en.pdf

[dlclark97]

Rates are now closer to 0.5% on fixed deposits.  Good luck on finding better.

[dlclark97]

2 hours ago, Carlosm said:

SCB is 1.5% long term deposit. The cashier who opened the account for me said that foreigners are tax exempt. Same as most expats now, put my 400k in, forget about it and take the 6k baht interest out every year. (or not)

 

https://www.scb.co.th/content/dam/scb/personal-banking/product-sales-sheet/deposits/td-bonus-24months-en.pdf

Why take out the 6k baht every year.  It buts very little.  Ever hear of compound interest?  It's how many have started their nest egg. 

[condohope]

Compound interest is a lough. I shall not live long enough to see those eggs hatch making me rich even if I lived another 50 years.

[Bender Rodriguez]

5 hours ago, Carlosm said:

SCB is 1.5% long term deposit. The cashier who opened the account for me said that foreigners are tax exempt. Same as most expats now, put my 400k in, forget about it and take the 6k baht interest out every year. (or not)

 

https://www.scb.co.th/content/dam/scb/personal-banking/product-sales-sheet/deposits/td-bonus-24months-en.pdf

SCB wanted a WP

[Carlosm]

8 minutes ago, Bender Rodriguez said:

SCB wanted a WP

I didn't, passport and yellow book was enough.

[Bender Rodriguez]

16 hours ago, Carlosm said:

I didn't, passport and yellow book was enough.

 

ok, might try when some fixed deposits expire in a few months

 

my backup plan is to put it in my children's name, no problem for me, if I die, they are the only one that deserve my money

[JoePai]

On 1/7/2021 at 11:50 AM, Carlosm said:

SCB is 1.5% long term deposit. The cashier who opened the account for me said that foreigners are tax exempt. Same as most expats now, put my 400k in, forget about it and take the 6k baht interest out every year. (or not)

 

https://www.scb.co.th/content/dam/scb/personal-banking/product-sales-sheet/deposits/td-bonus-24months-en.pdf

Seems max is 0.95% - without a passbook ?