Bangkok bank fooled / cheated me

[NoDisplayName]

This 6-month term fund IPO is pending.

Minimum investment 500K.

 

https://www.bangkokbank.com/en/Personal/Save-And-Invest/Mutual-Funds/Auto-Redemption-Funds/B-FIXTERM

[NoDisplayName]

Once you get set up in the system, you will receive notifications from Bangkok Bank when new fixed term IPO's become available.

[NoDisplayName]

Bangkok Bank open-ended bond funds B-FIXED and THANATAVEE are currently paying 0.65% over the past 4-month period, approx. 2% APR.

[mikebell]

21 hours ago, CallumWK said:

 

Another bright light.

If the bankbook mentions an interest rate, that means it is fixed term deposit, which paid 1.5% at the time you opened it in 2019.

Term deposits end on a specified date, and then the balance either get moved to a regular savings account at probably 0.3% or thereabouts, unless you go to the bank and start a new term deposit.

Thanks for enLIGHTening me.  Like many on here I don't know everything, which is often the purpose of a forum.