What the best Term Deposit rate at the bank nowadays…..any suggestions..?

[mikey88]

Any one with some recent information I’d be most grateful…

What bank and what is the best rate….the term doesn’t matter to me…..can be extremely long…

Appreciate you help…

[ezzra]

KrungSri bank gives 14 months term deposit at  %16.5, and 7 months %1.3 p.a.

[mark5335]

Here's a list of current bank deposit interest rates. The right hand column shows FD's up to 24 months indicating that both K Bank and SCB paying up to 2.0% p.a. Note that this can be a bit misleading as they are typically step-up interest rates meaning the FD might commence at say, 1.10% for the first 5 mths and eventually increase to 2.0% for the final 5 months. It doesn't appear to be an exhaustive list of current FD offerings as I know that LH Bank (unsure if they have a branch in Chiang Mai) have a current promotion of 2.1% p.a. for 11 months.

https://www.bot.or.th/en/statistics/interest-rate.html

Edited August 13, 2023 by mark5335

[Bill97]

1 hour ago, ezzra said:

KrungSri bank gives 14 months term deposit at  %16.5, and 7 months %1.3 p.a.

Sixteen point five per cent,  are you sure?

[BritManToo]

TTB gives 1.4% on their 'passbook only' savings account, if you have 5 transactions a month on your 'all free' account.

Edited August 13, 2023 by BritManToo

[ExpatOilWorker]

https://www.bot.or.th/en/statistics/interest-rate.html

[bignok]

2 hours ago, ezzra said:

KrungSri bank gives 14 months term deposit at  %16.5, and 7 months %1.3 p.a.

1.65% i think you mean

[bignok]

1 hour ago, Bill97 said:

Sixteen point five per cent,  are you sure?

He's had a free drinks.

[gargamon]

Did one in k-bank a couple of months ago at around 1.75%. They kept pushing the products that renewed at a significantly lower rate at the end of the term. 7 and 11 months if I recall. A bit of persistence got them to show me their 24 month term that renewed at whatever the 24 month rate is at renewal time.

 

Avoid the ones that renew at low rates. They'll say you just need to come in again and renew. F that. They are counting on you to forget. 

[mikey88]

Good advice….thanks for the tips.