giddyup Posted September 20, 2022 Share Posted September 20, 2022 Just transferred a few million Baht and want to put it in a short term, no longer than 12 months, fixed deposit account. I'm with the SCB and they are currently offering 2.60% for 6 months, does that seem OK? Link to comment Share on other sites More sharing options...
worgeordie Posted September 20, 2022 Share Posted September 20, 2022 Yes that seems more than OK , but can you as Farang get it, maybe just for Thai's , regards worgeordie 1 Link to comment Share on other sites More sharing options...
Jai Dee Posted September 20, 2022 Share Posted September 20, 2022 Based on this morning's brief from the SCB Investment Office I'd say that 2.6% is a very attractive rate for a fixed 6 month term. 1 Link to comment Share on other sites More sharing options...
giddyup Posted September 20, 2022 Author Share Posted September 20, 2022 14 minutes ago, worgeordie said: Yes that seems more than OK , but can you as Farang get it, maybe just for Thai's , regards worgeordie I'll put it in my partners name, she's Thai. 1 Link to comment Share on other sites More sharing options...
couchpotato Posted September 20, 2022 Share Posted September 20, 2022 As most banks only offer 0.5- 0.7% on Fixed Deposits, this 2.6% sounds wrong, but if really correct it is a very good rate. 2 Link to comment Share on other sites More sharing options...
Isan Farang Posted September 20, 2022 Share Posted September 20, 2022 5 minutes ago, giddyup said: I'll put it in my partners name, she's Thai. Can you provide a link to the 2.60% Deposit Rates for Individuals of Commercial Banks as of 20 September 2022 Bank Saving Fixed 3 mths 6 mths 12 mths 24 mths Commercial Banks registered in Thailand Bangkok Bank 0.2500 0.3750 0.5000 0.5000 0.5000 Krung Thai Bank 0.2500 0.3200 0.4000 0.4000 0.4500 Kasikornbank 0.2500 0.3200 0.4000 0.4000 0.4500 The Siam Commercial Bank 0.2500 0.3200 0.4000 0.4000 0.4500 Link to comment Share on other sites More sharing options...
Jai Dee Posted September 20, 2022 Share Posted September 20, 2022 5 minutes ago, Isan Farang said: Can you provide a link to the 2.60% Yes, I'd be interested in seeing that SCB package too! From the SCB personal banking site: Link to comment Share on other sites More sharing options...
giddyup Posted September 20, 2022 Author Share Posted September 20, 2022 16 minutes ago, Isan Farang said: Can you provide a link to the 2.60% Deposit Rates for Individuals of Commercial Banks as of 20 September 2022 Bank Saving Fixed 3 mths 6 mths 12 mths 24 mths Commercial Banks registered in Thailand Bangkok Bank 0.2500 0.3750 0.5000 0.5000 0.5000 Krung Thai Bank 0.2500 0.3200 0.4000 0.4000 0.4500 Kasikornbank 0.2500 0.3200 0.4000 0.4000 0.4500 The Siam Commercial Bank 0.2500 0.3200 0.4000 0.4000 0.4500 I can't find the link, only this one which is only 1.5% https://www.scb.co.th/content/dam/scb/personal-banking/product-sales-sheet/deposits/special7m-fixed-deposit-en.pdf Link to comment Share on other sites More sharing options...
Isan Farang Posted September 20, 2022 Share Posted September 20, 2022 2 minutes ago, giddyup said: I can't find the link, only this one which is only 1.5% https://www.scb.co.th/content/dam/scb/personal-banking/product-sales-sheet/deposits/special7m-fixed-deposit-en.pdf Thats for August 28, 2019 1 Link to comment Share on other sites More sharing options...
giddyup Posted September 20, 2022 Author Share Posted September 20, 2022 (edited) 6 minutes ago, giddyup said: I can't find the link, only this one which is only 1.5% https://www.scb.co.th/content/dam/scb/personal-banking/product-sales-sheet/deposits/special7m-fixed-deposit-en.pdf Here's the link I saw. The catch is it's for 1000 million baht. https://www.google.co.th/search?dcr=0&sxsrf=ALiCzsZRkfZ8shAZOnhRb1L03Lai80q-qw%3A1663664668083&lei=HIIpY7LeBMuaz7sP3ICQMA&q=best fixed deposit rates in thailand&ved=2ahUKEwiy3MPsgaP6AhVLzXMBHVwABAYQsKwBKAR6BAhJEAU&biw=1594&bih=699&dpr=1 Edited September 20, 2022 by giddyup Link to comment Share on other sites More sharing options...
giddyup Posted September 20, 2022 Author Share Posted September 20, 2022 1 minute ago, Isan Farang said: Thats for August 28, 2019 My bad. Link to comment Share on other sites More sharing options...
connda Posted September 20, 2022 Share Posted September 20, 2022 2 hours ago, giddyup said: ust transferred a few million Baht and want to put it in a short term, no longer than 12 months, fixed deposit account. I'm with the SCB and they are currently offering 2.60% for 6 months, does that seem OK? Inflation is global. Interest rates will only head north in next few year. Perhaps rapidly when the EU financial system collapses. Domino effect. Then realize your money in the bank is only insured for ฿1M THB. Don't put your eggs in one basket. 1 Link to comment Share on other sites More sharing options...
motdaeng Posted September 20, 2022 Share Posted September 20, 2022 krungthai next savings: 1.50 % interest / via mobile app / it is only for thai ... 1 Link to comment Share on other sites More sharing options...
Sophon Posted September 20, 2022 Share Posted September 20, 2022 3 hours ago, giddyup said: Here's the link I saw. The catch is it's for 1000 million baht. https://www.google.co.th/search?dcr=0&sxsrf=ALiCzsZRkfZ8shAZOnhRb1L03Lai80q-qw%3A1663664668083&lei=HIIpY7LeBMuaz7sP3ICQMA&q=best fixed deposit rates in thailand&ved=2ahUKEwiy3MPsgaP6AhVLzXMBHVwABAYQsKwBKAR6BAhJEAU&biw=1594&bih=699&dpr=1 And it's from 2018. 1 Link to comment Share on other sites More sharing options...
topt Posted September 22, 2022 Share Posted September 22, 2022 On 9/20/2022 at 3:52 PM, Jai Dee said: Yes, I'd be interested in seeing that SCB package too! Nowhere near that good but SCB do have a Jad Tem account which pays 1% depending on the amount you have in it. Should be no issues for foreigners to open. Also it is not a fixed account so the rate can change - hopefully up if/when BOT increase their rate........ @giddyup L&H bank have I believe some better fixed rates and helps spread your deposits over more banks. Unfortunately their web site is not very user friendly - as in I could not find the rates...... Their is a branch in Terminal 21 in Pattaya. 1 Link to comment Share on other sites More sharing options...
digbeth Posted September 22, 2022 Share Posted September 22, 2022 I'd be weary if this is a legit offering from the Bank or the Manager's 'Special Deal' unique only to the branch, look in the news only recently in Pattaya 1 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now