fishtank Posted March 15, 2021 Share Posted March 15, 2021 Wow. Dropped massively in the last year. SCB DEPOSIT RATES % Saving 0.25 Current 0.00 Fixed 12 Months 0.40 Fixed 24 Months 0.45 Fixed 36 Months 0.65 Link to comment Share on other sites More sharing options...
recom273 Posted March 15, 2021 Share Posted March 15, 2021 (edited) 11 hours ago, Susco said: I see this on the icbc website I see this on the ICBC site - obviously there are some conditions attached to the tax free, as you can see the highest they offer on a regular fixed term is rather less than that. But I will enquire on the minimum deposit In the week. Edited March 15, 2021 by recom273 Link to comment Share on other sites More sharing options...
KKr Posted March 15, 2021 Share Posted March 15, 2021 (edited) what are the Criteria applied by Immigration as to what is an acceptable bank, anyone has an informed opinion on this ? Reason for the question is that there are hundreds if not thousands of local cooperative credit unions, that, depending on their balance sheet situation, may offer better rates than mainstream banks. from BoT website: Saving Cooperative and Credit Union established on voluntary basis by members that generally consists of people with the common bond (e.g. same occupation or living areas etc.), where the operating funds of the cooperative is contributed periodically by members. The contributed funds will be loaned out to support other members who are in need of money with interest charged. The benefit gained from permitting loans will be contributed to members in the form of interest rate, dividend or other benefits etc. Saving Cooperative and Credit Union is under the supervision of the Board of National Cooperative Development in accordance with The Cooperatives Act, B.E. 2542. Edited March 15, 2021 by KKr Link to comment Share on other sites More sharing options...
1FinickyOne Posted March 15, 2021 Share Posted March 15, 2021 On 3/13/2021 at 5:40 PM, Lacrimas said: Well, some bank accounts can give you up to 1.5% but I don't know if they meet the immigration requirements. An extra 20.000 baht is better than nothing. too many qualifications for that rate as I discovered recently.. I am getting a fraction of 1% as in USA too... not much but it beats sucking sour crabapples.. Link to comment Share on other sites More sharing options...
ubonjoe Posted March 15, 2021 Share Posted March 15, 2021 5 minutes ago, KKr said: Reason for the question is that there are hundreds if not thousands of local cooperative credit unions, that, depending on their balance sheet situation, may offer better rates than mainstream banks. It has to be a registered bank. They will not accept accounts at credit unions. 1 1 Link to comment Share on other sites More sharing options...
KKr Posted March 15, 2021 Share Posted March 15, 2021 8 minutes ago, ubonjoe said: It has to be a registered bank. They will not accept accounts at credit unions. Clear, thank you for elaborating. Link to comment Share on other sites More sharing options...
KannikaP Posted March 15, 2021 Share Posted March 15, 2021 On 3/13/2021 at 5:47 PM, DrJack54 said: The funds must be available for instant withdrawal with loss of funds other than interest. Should it not be WITHOUT loss of funds? 1 Link to comment Share on other sites More sharing options...
Susco Posted March 15, 2021 Share Posted March 15, 2021 2 hours ago, recom273 said: I see this on the ICBC site - obviously there are some conditions attached to the tax free, as you can see the highest they offer on a regular fixed term is rather less than that. But I will enquire on the minimum deposit In the week. The conditions are on the website as well. You can deposit maximum 25K per month Link to comment Share on other sites More sharing options...
sitti Posted March 15, 2021 Share Posted March 15, 2021 This month, Citibank offers 2% on 3-month time deposit. But you also have to invest in mutual fund in order to get it. I just signed this up today. 1 Link to comment Share on other sites More sharing options...
recom273 Posted March 15, 2021 Share Posted March 15, 2021 54 minutes ago, Susco said: The conditions are on the website as well. You can deposit maximum 25K per month Which is absolutely no use to myself or the OP .. Link to comment Share on other sites More sharing options...
Maestro Posted March 16, 2021 Share Posted March 16, 2021 Digger70, you did not mention your age and this can be a factor at certain banks. My Super Senior Fixed Deposit Account at Kasikorn Bank, running from year to year, currently pays 0.8% p.a. with interest payments made monthly. I am not using it as proof of money in the bank for any extension of stay but I believe this account would qualify for that purpose. I can close the account at any time but would lose the preferential interest rate for the entire 12-month deposit period, I believe. The Krungsri bank adjusts the interest rate for the Mee Tae Dai Savings Account at irregular intervals, calculates the interest daily and credits it to the account on a monthly basis. The latest interest rate sheet shows a rate of 1.0% p.a. for this account. Withdrawals and deposits can be made at any time. These are the two banks with which I am familiar. Other banks will have other offers. Link to comment Share on other sites More sharing options...
Maestro Posted March 16, 2021 Share Posted March 16, 2021 Removed some off-topic posts and the replies to them. Link to comment Share on other sites More sharing options...
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