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