dayo202 Posted January 6, 2021 Share Posted January 6, 2021 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. Link to comment Share on other sites More sharing options...
1FinickyOne Posted January 7, 2021 Share Posted January 7, 2021 (edited) 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 Link to comment Share on other sites More sharing options...
Bender Rodriguez Posted January 7, 2021 Share Posted January 7, 2021 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 Link to comment Share on other sites More sharing options...
Carlosm Posted January 7, 2021 Share Posted January 7, 2021 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 Link to comment Share on other sites More sharing options...
dlclark97 Posted January 7, 2021 Share Posted January 7, 2021 Rates are now closer to 0.5% on fixed deposits. Good luck on finding better. Link to comment Share on other sites More sharing options...
dlclark97 Posted January 7, 2021 Share Posted January 7, 2021 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. 1 Link to comment Share on other sites More sharing options...
condohope Posted January 7, 2021 Share Posted January 7, 2021 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. Link to comment Share on other sites More sharing options...
Bender Rodriguez Posted January 7, 2021 Share Posted January 7, 2021 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 Link to comment Share on other sites More sharing options...
Carlosm Posted January 7, 2021 Share Posted January 7, 2021 8 minutes ago, Bender Rodriguez said: SCB wanted a WP I didn't, passport and yellow book was enough. Link to comment Share on other sites More sharing options...
Bender Rodriguez Posted January 8, 2021 Share Posted January 8, 2021 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 Link to comment Share on other sites More sharing options...
JoePai Posted January 8, 2021 Share Posted January 8, 2021 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 ? Link to comment Share on other sites More sharing options...
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