Dutch Tourist Hurls Objects at Udon Thani Café Staff Over Change Dispute

[CallumWK]

As far as I'm aware, CIMB is a Malaysian bank operating in Thailand, now my question is how credible and reliable is this bank.

I'm considering opening a 12 month senior fixed account with them, but I notice that in contrary to other Thai banks, they have increased the interest a few times already.

 

If you opened this account in January, you would receive 1.7%, between February and September you would get 1.8%, and this month they pay 1.9%.

 

Should this be a red flag?

 

No need for comments that you get higher interests offshore or in other countries please.

 

 

Edited 4 hours ago by CallumWK

[Halfaboy]

Check the rating of the bank and compare this with the rating of a 'reliable' bank.

[CallumWK]

53 minutes ago, Halfaboy said:

Check the rating of the bank and compare this with the rating of a 'reliable' bank.

 

Thanks, you have any links for that?

 

[offset]

Also check other banks some of same interest 

[Liverpool Lou]

20 minutes ago, CallumWK said:

 

Thanks, you have any links for that?

 

Trust rating	Fitch: AA-(tha

[CallumWK]

58 minutes ago, offset said:

Also check other banks some of same interest 

 

I'm aware of that, but since deposit guarantee is only 1 million baht per bank now, I try to spread my savings over as many banks as possible.

[CallumWK]

48 minutes ago, Liverpool Lou said:

Trust rating	Fitch: AA-(tha

 

Is that for CIMB Thai?

Seems a good rating as think most Thai banks are only BB.

[chiang mai]

CIMB Thai is a Thai bank whose shares are majority owned by the parent Malay bank. It's a solid bank but they offer products that they will only make available to Thai people. regardless of how much money you have on deposits with them. That was why I moved from CIMB to UOB.