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sb293b Government savings bond -saving certificate 5 years 3% interest


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Hello,

Just received at Bangkok Bank app the info that soon this certificate will be offered.

 

Have any idea if 3% is net or before tax ?

 

Possible to sell it before the 5 year expiration?

Edited by Ste78
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On 3/10/2024 at 1:01 PM, Ste78 said:

Hello,

Just received at Bangkok Bank app the info that soon this certificate will be offered.

 

Have any idea if 3% is net or before tax ?

 

Possible to sell it before the 5 year expiration?

Before tax.

 

Yes, on the secondary market.

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I went to Bangkok Bank yesterday:

 

I have been living and working in Thailand for years, but they said I am not entitled to buy the bond.

 

Since I don't own an house/apartment here (resident Visa), I am not considered resident (I have working Visa).

 

Even if I have an actual resident certificate and pay tax here !?! 

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14 minutes ago, Ste78 said:

I went to Bangkok Bank yesterday:

 

I have been living and working in Thailand for years, but they said I am not entitled to buy the bond.

 

Since I don't own an house/apartment here (resident Visa), I am not considered resident (I have working Visa).

 

Even if I have an actual resident certificate and pay tax here !?! 

See eligibility in the link below

 

https://www.pdmo.go.th/en/bond-knows

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On 3/10/2024 at 1:01 PM, Ste78 said:

Possible to sell it before the 5 year expiration?

 

If you do sell, you may well get less than the 3% return you're anticipating since you'd be selling in the open market.  Only by holding to maturity will you get the full principal returned.

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17 minutes ago, Foxx said:

 

If you do sell, you may well get less than the 3% return you're anticipating since you'd be selling in the open market.  Only by holding to maturity will you get the full principal returned.

It will depend on interest rates at the time, if they are 0.50%, you'll easily find a buyer.

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