Investment Money

[Sparkles]

I have around 2.75 million baht to invest as getting 1% with Thai banks is really not an option. I had thought of Ing Bank or Barclays as first choices but have drawn a blank in Bangkok their offices appear to have closed which I find rather strange. Can anybody help or alternatives I want 100 % no risk.

[12call]

Is it in Thai Baht or a real currency? Is it currently in the Kingdom?

[Butterfly]

I have around 2.75 million baht to invest as getting 1% with Thai banks is really not an option. I had thought of Ing Bank or Barclays as first choices but have drawn a blank in Bangkok their offices appear to have closed which I find rather strange. Can anybody help or alternatives I want 100 % no risk.

No risk you said ? yep 1% sounds about right

[dr_Pat_Pong]

I have around 2.75 million baht to invest as getting 1% with Thai banks is really not an option. I had thought of Ing Bank or Barclays as first choices but have drawn a blank in Bangkok their offices appear to have closed which I find rather strange. Can anybody help or alternatives I want 100 % no risk.

is there ever 100 per cent no risk ?

[kenk3z]

Is there any kind of Thai government guarantee on qualified Thai bank deposits - like the F.D.I.C. insurance in the USA?

I wonder if Thai government bonds aren't actually safer than Thai bank deposits?

kenk3z

[Thetyim]

AJF FUNDS might be what you are looking for.

You can access online for buying and selling after you have opened your account at the Ayudhya Bank

[iwan]

"Investing" at 1% from a bank?

That's not called investment, that's called giving money to help others invest. Why not use the money in someother vehicles?

[kwiz117]

100 % risk free investment with higher returns?

Theoretically, it can not work. If you find any alternative, it can not be 100% risk free.

Higher the return, higher the risk.

But you could try this. You can open up non-residential bank accounts in another country (government banks). Some countries, you can get around 6%-10% per annum rates for NRFC FD's.

But then, you have to also take the USD vs the respective Local Currency depreciation factor in to account.

In other words, we are again talking about the "exchange risk" factor.