Thailand banks have the worst interest rates

[JeffersLos]

I have 3-4 million thb to drop for a while. I would prefer non-fixed term.

 

It looks like less than 1.5% are the only rates available?

 

Two * 1.5-2m baht rental units are looking preferable, unless there's better?

[JeffersLos]

On 10/24/2023 at 11:47 PM, StayinThailand2much said:

 

Back when I opened it, the clerk told me: "No interest for you as a foreigner." - As I needed an account with KTB back then, I reluctantly agreed. Just another discrimination of foreigners in Thailand. Then again, they didn't get a happy customer, and I have only kept the minimum balance in that account most of the time, so a small loss for me, but a much bigger loss for them...

 

 

I opened a BAY mee tae dai account 10 years ago for visa funds storage that was around 6% paid monthly. It dropped significantly since then, of course. Now I think it is around 1% or less zone. But there was never any issue with getting interest as a non-Thai for me. 

Edited November 5, 2023 by JeffersLos

[StayinThailand2much]

5 hours ago, JeffersLos said:

But there was never any issue with getting interest as a non-Thai for me. 

 

Well, as I mentioned, Krung Thai Bank only...

[scubascuba3]

7 hours ago, JeffersLos said:

I have 3-4 million thb to drop for a while. I would prefer non-fixed term.

 

It looks like less than 1.5% are the only rates available?

 

Two * 1.5-2m baht rental units are looking preferable, unless there's better?

Buying rentals short term isn't sensible, likely capital loss and costs 

[Conquerbrqvilok]

On 9/6/2023 at 12:22 PM, BenStark said:

Banks don't pay high interests for no reason. If UK banks pay high interests then something is at the horizon.

 

Usually it is because they need to support their currency

 

 

WHAt a clown you are, you are saying that Thailand is richer that the UK?