KTB bank fixed deposit accounts

[offset]

The some of the fix interest rates shown for this bank are for Thai people for foreigner the rates are lower 

[topt]

18 hours ago, offset said:

The some of the fix interest rates shown for this bank are for Thai people for foreigner the rates are lower 

It is nothing new. Accept it or not - I doubt it will change in the short term.

[offset]

4 minutes ago, topt said:

It is nothing new. Accept it or not - I doubt it will change in the short term.

 

But they did not tell me till after the account was open and I gave them the money. They were not very happy when I told them to cancel it and took my money back

[hotandsticky]

10 minutes ago, topt said:

It is nothing new. Accept it or not - I doubt it will change in the short term.

 

 

The dual pricing isn't the issue, that is up to them.

 

Out of order if they didn't make it obvious that the foreigner wasn't getting the rate he expected - especially IF he said .. "I am here because I like THAT rate...."

[topt]

40 minutes ago, hotandsticky said:

 

 

The dual pricing isn't the issue, that is up to them.

 

Out of order if they didn't make it obvious that the foreigner wasn't getting the rate he expected - especially IF he said .. "I am here because I like THAT rate...."

Agreed - but he didn't mention that in the op.........

[offset]

41 minutes ago, topt said:

Agreed - but he didn't mention that in the op.........

I was told I would get 1.1% by the bank staff before I agreed to open the account only when I was give the bank book did she say it was only 0.8%

[hotandsticky]

3 minutes ago, offset said:

I was told I would get 1.1% by the bank staff before I agreed to open the account only when I was give the bank book did she say it was only 0.8%

 

In which case they were clearly out of order (as I predicted)  -  and you did the right thing. 

[thaiowl]

I have a 6-month fixed deposit with SCB that pays 1.90% pa gross = 1.71% pa net of 10% withholding tax. The current gross rates are as follows:

 

[Colabamumbai]

On 3/14/2025 at 2:05 PM, offset said:

I was told I would get 1.1% by the bank staff before I agreed to open the account only when I was give the bank book did she say it was only 0.8%

1.1% per annum, probably, so for a 4 month fixed deposit, figure it out. 

[Nabbiex]

Just to mention curiously about interest for Fixed deposit. Once you opened the fixed deposit account, the interest rate, the interest date & the balance should obviously be shown in the bank book.

 

But if, I either withdraw or add, the interest rate will be automatically to the lower interest & I lose the interest between opening & transaction date earlier than the interest date.

 

The immigration says I must put the 100B deposit for extension purpose so it means I have no choice & I am forced to lose the interest earlier than the interest date. 

 

This situation is something I need to be careful & how to avoid losing an attractive  interest. 

 

Can anyone share this peculiar situation?

[topt]

28 minutes ago, Nabbiex said:

But if, I either withdraw or add

I never had this issue when I added a few years ago to an L&H account.

Also Jomtien immigration have accepted a fixed account with no additional transactions as recently as 12 days or so ago. However I understand other Immigration offices may have their own requirements.

[offset]

1 hour ago, Nabbiex said:

Just to mention curiously about interest for Fixed deposit. Once you opened the fixed deposit account, the interest rate, the interest date & the balance should obviously be shown in the bank book.

 

But if, I either withdraw or add, the interest rate will be automatically to the lower interest & I lose the interest between opening & transaction date earlier than the interest date.

 

The immigration says I must put the 100B deposit for extension purpose so it means I have no choice & I am forced to lose the interest earlier than the interest date. 

 

This situation is something I need to be careful & how to avoid losing an attractive  interest. 

 

Can anyone share this peculiar situation?

I have an account that rolls over every 6 months so when I take money out for immigration purposes I am taking it out of the interest not the prime investment so no interest deduction 

[offset]

5 hours ago, thaiowl said:

I have a 6-month fixed deposit with SCB that pays 1.90% pa gross = 1.71% pa net of 10% withholding tax. The current gross rates are as follows:

 

 

I think that you will find that the withholding tax is 15%

The figures you are showing does not list any 1.90% accounts 

I have just got from Krungsri 1.50% for 5 months 

I have also have a Mai tai dee account which pays 0.90% but can withdraw money with no interest lost but over 2 withdraws is charged at 50bhat

 

 

[NoshowJones]

On 3/13/2025 at 6:24 PM, offset said:

The some of the fix interest rates shown for this bank are for Thai people for foreigner the rates are lower 

What bank is KTB? Is that Krungthai Bank or Krungsthri (yellow bank)?

[offset]

1 hour ago, NoshowJones said:

What bank is KTB? Is that Krungthai Bank or Krungsthri (yellow bank)?

 

It is the Krungthai Bank (light blue)

[thaiowl]

On 3/15/2025 at 7:21 PM, offset said:

 

I think that you will find that the withholding tax is 15%

The figures you are showing does not list any 1.90% accounts 

I have just got from Krungsri 1.50% for 5 months 

I have also have a Mai tai dee account which pays 0.90% but can withdraw money with no interest lost but over 2 withdraws is charged at 50bhat

 

 

My mistake...withholding tax on bank interest is 15%. it is withholding tax on dividends that is 10%. The figures I showed are the rates SCB is currently offering. The 1.90% I got on my fixed deposit is the rate SCB was offering 5 months ago. Since then, rates have decreased, hence the lower rates currently offered.