couchpotato Posted December 13, 2022 Share Posted December 13, 2022 Bank interest rates for Fixed Deposit and normal Savings Accounts have been extremely low for years, but rates do seem to be rising somewhat now. Would be interesting and beneficial for many of us to hear from posters on their recent interest rate/deposit terms at any bank. (eg: I was quoted 0.80% for 1yr term at Bangkok Bank yesterday). Link to comment Share on other sites More sharing options...
scubascuba3 Posted December 13, 2022 Share Posted December 13, 2022 i think Krungsri MJD account is still 0.9% instant access but i haven't checked recently, in UK 2-3% is easy to get so i leave money there now Link to comment Share on other sites More sharing options...
Onerak Posted December 13, 2022 Share Posted December 13, 2022 12 minutes ago, scubascuba3 said: i think Krungsri MJD account is still 0.9% instant access but i haven't checked recently, in UK 2-3% is easy to get so i leave money there now Rate in the US high yield savings is creeping up to 3.8%. Of course the US market is also showing signs of rebound but equity investors are still cautious for the looming recession every one is predicting in 2023. Link to comment Share on other sites More sharing options...
kuzie57 Posted December 13, 2022 Share Posted December 13, 2022 This is the current one from SCB. • 24-Month Bonus Deposit Account with physical passbook: 1.85% p.a. • 24-Month Bonus Deposit Account with e-passbook: 1.95% p.a. 2 Link to comment Share on other sites More sharing options...
Popular Post PeachCH Posted December 13, 2022 Popular Post Share Posted December 13, 2022 Are there no digital banks in Thailand, which are offering 5 - 6% interest rates? 5 Link to comment Share on other sites More sharing options...
nobodysfriend Posted December 13, 2022 Share Posted December 13, 2022 4 hours ago, couchpotato said: Would be interesting and beneficial for many of us to hear from posters on their recent interest rate/deposit terms at any bank. SCB just offered me 1.8 % for 1 year fixed ... I declined ... They have a very interesting index fund on the SET Link to comment Share on other sites More sharing options...
scubascuba3 Posted December 13, 2022 Share Posted December 13, 2022 1 hour ago, nobodysfriend said: SCB just offered me 1.8 % for 1 year fixed ... I declined ... They have a very interesting index fund on the SET The fund only goes up? 1 Link to comment Share on other sites More sharing options...
nobodysfriend Posted December 13, 2022 Share Posted December 13, 2022 (edited) 47 minutes ago, scubascuba3 said: The fund only goes up? You buy in it when the SET is down , just wait , will happen again ... to buy in this fund is free , no charges ... Easy to make a few percent if the timing is right ... https://www.scbam.com/en/fund/index-fund/fund-information/scbset Edited December 13, 2022 by nobodysfriend Link to comment Share on other sites More sharing options...
nigelforbes Posted December 13, 2022 Share Posted December 13, 2022 My experience of banks investment funds here are that most of any potential profit advantage is lost to fees, either going in or coming out. My advice would be to buy into something similar overseas or offshore using Hargreaves Lansdowne or or similar. Link to comment Share on other sites More sharing options...
scubascuba3 Posted December 13, 2022 Share Posted December 13, 2022 38 minutes ago, nobodysfriend said: You buy in it when the SET is down , just wait , will happen again ... to buy in this fund is free , no charges ... Easy to make a few percent if the timing is right ... https://www.scbam.com/en/fund/index-fund/fund-information/scbset There are charges in the Fund, about 1% 1 Link to comment Share on other sites More sharing options...
finewine Posted December 13, 2022 Share Posted December 13, 2022 The Bangkok Bank 1 year fixed interest account should have gone up to 1.2% today (13th.) 1 Link to comment Share on other sites More sharing options...
DFPhuket Posted December 13, 2022 Share Posted December 13, 2022 This site shows updated bank interest rates. A one year fixed deposit at most Thai banks remains at 1%, quite a bit lower than the 3% I'm getting in my US online savings account. 1 1 Link to comment Share on other sites More sharing options...
Harveyboy Posted December 14, 2022 Share Posted December 14, 2022 21 hours ago, kuzie57 said: This is the current one from SCB. • 24-Month Bonus Deposit Account with physical passbook: 1.85% p.a. • 24-Month Bonus Deposit Account with e-passbook: 1.95% p.a. just got 2.3% on 3 year term deposit ...not brilliant but better than sitting there doing nothing eh 2 Link to comment Share on other sites More sharing options...
couchpotato Posted December 14, 2022 Author Share Posted December 14, 2022 54 minutes ago, Harveyboy said: just got 2.3% on 3 year term deposit ...not brilliant but better than sitting there doing nothing eh If I interpret this correctly, then for example a one million baht Fixed deposit, you get interest of 23,000 baht (minus 15% tax) after 3 years. Or should that be 2.3%p.a. and the interest is paid yearly and compounded for years 2 and 3. Thanks. Link to comment Share on other sites More sharing options...
Harveyboy Posted December 14, 2022 Share Posted December 14, 2022 23 minutes ago, couchpotato said: If I interpret this correctly, then for example a one million baht Fixed deposit, you get interest of 23,000 baht (minus 15% tax) after 3 years. Or should that be 2.3%p.a. and the interest is paid yearly and compounded for years 2 and 3. Thanks. not sure mate I'll ask the bride and get back on it tks 1 Link to comment Share on other sites More sharing options...
macahoom Posted December 15, 2022 Share Posted December 15, 2022 21 hours ago, Harveyboy said: just got 2.3% on 3 year term deposit ...not brilliant but better than sitting there doing nothing eh Can you tell me which bank, please? Link to comment Share on other sites More sharing options...
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