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Posted

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). 

Posted
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. 

Posted

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.

  • Like 2
Posted
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

Posted (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 by nobodysfriend
Posted

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.

Posted
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 

  • Like 2
Posted
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.

Posted
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

  • Thanks 1
Posted
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?

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