Geppis72 Posted September 27, 2007 Share Posted September 27, 2007 I did open a saving account (the only option) at Ayudhya bank in Koh Samui without WP at that time with no problems and walk out with my VISA electron as well. They told me no interest for "Falang" only Thai can have. Is that true ? Same thing with others banks ? Now I have a WP, any advise how to get interest ? In particular I'm curious to understand how it can be call SAVING.....it should be call freezing..... Amazing Thailand Cheers -- Link to comment Share on other sites More sharing options...
sonicdragon Posted September 27, 2007 Share Posted September 27, 2007 Yes, this is the policy of some banks. Kasikorn and Bangkok Bank both have more accomodative policies. Link to comment Share on other sites More sharing options...
jayenram Posted September 27, 2007 Share Posted September 27, 2007 2.25% on a time deposit account with Kasikorn Bank. Less 15% withholding tax. Link to comment Share on other sites More sharing options...
soundman Posted September 27, 2007 Share Posted September 27, 2007 Kasikorn bank generally pay interest (although not much at todays rates ) to any farang who are considered residents ie. in the country for more than 183 days per year. Non-residents - no interest. Link to comment Share on other sites More sharing options...
roietjimmy Posted September 27, 2007 Share Posted September 27, 2007 Yes, Citibank Thailand. Downside is they only have one operation on Sathorn in Bangkok. Do all transactions in cash so use ATM exclusively. No ATM charges. Also have a current/checking account there but never use it. Link to comment Share on other sites More sharing options...
tingtong Posted September 27, 2007 Share Posted September 27, 2007 bangkok bank pays interest fine, however small amount it is i opened my account without WP, have Visa Electron card. Link to comment Share on other sites More sharing options...
CWMcMurray Posted September 27, 2007 Share Posted September 27, 2007 I have accounts at Krung Thai and Siam and get interest at both. Link to comment Share on other sites More sharing options...
KhunG Posted September 27, 2007 Share Posted September 27, 2007 My account is with Kasikorn. I openned it listing a friend's local address and have a Multi-O visa. I get a tiny amount of interest on the small amount left in the account until I wire in funds for my next trip. Link to comment Share on other sites More sharing options...
Geppis72 Posted September 28, 2007 Author Share Posted September 28, 2007 Tks for your outcome. I will ask to Bangkok bank..... Tks and regards Link to comment Share on other sites More sharing options...
ignis Posted September 28, 2007 Share Posted September 28, 2007 (edited) 2.70% on a time deposit account with HSBC........ Fixed July 2007 for 3 years. 2.55% on a time deposit account with Bangkok Bank, Fixed 3 weeks ago for 1yr Normal Savings Account with passbook on both above get monthly interest think .5% Bangkok Bank FREE 'Be 1st' Visa card HSBC charge 500baht per month for there card Edited September 28, 2007 by ignis Link to comment Share on other sites More sharing options...
soundman Posted September 28, 2007 Share Posted September 28, 2007 2.25% on a time deposit account with Kasikorn Bank. Less 15% withholding tax. Checked with Kasikorn today. Seems the rate has fallen to 2.0% at my local branch. Less 15% withholding tax. Savings account interest looks to be about 0.5% At those rates inflation will eat into any savings sitting around for long periods of timelike a school of pirannas! Link to comment Share on other sites More sharing options...
jayenram Posted September 28, 2007 Share Posted September 28, 2007 At those rates inflation will eat into any savings sitting around for long periods of timelike a school of pirannas! Archa beer at launch (3 years ago approx) = Bht 280.00/case Archa beer, 3 months later = Bht 300.00/case Archa beer, last week = Bht 230.00/case However, I can understand your point when considering fuel prices. Link to comment Share on other sites More sharing options...
Lite Beer Posted September 28, 2007 Share Posted September 28, 2007 At those rates inflation will eat into any savings sitting around for long periods of timelike a school of pirannas! Archa beer at launch (3 years ago approx) = Bht 280.00/case Archa beer, 3 months later = Bht 300.00/case Archa beer, last week = Bht 230.00/case However, I can understand your point when considering fuel prices. Archa is fuel Link to comment Share on other sites More sharing options...
soundman Posted September 28, 2007 Share Posted September 28, 2007 Archa beer at launch (3 years ago approx) = Bht 280.00/caseArcha beer, 3 months later = Bht 300.00/case Archa beer, last week = Bht 230.00/case However, I can understand your point when considering fuel prices. Thats economics I can understand very well! The beer barometer. Cheers. Link to comment Share on other sites More sharing options...
Maigo6 Posted September 28, 2007 Share Posted September 28, 2007 Archa beer at launch (3 years ago approx) = Bht 280.00/caseArcha beer, 3 months later = Bht 300.00/case Archa beer, last week = Bht 230.00/case However, I can understand your point when considering fuel prices. Thats economics I can understand very well! The beer barometer. Cheers. I started buying Archa by the case last time I was home, I think I paid 230 a case too, it's incredible how they can sell at that price, I prefer Leo, but it's almost double the price! So Archa is OK in my books, splash of sprite, can't taste it too much, then after a few, don't care anyway.... Link to comment Share on other sites More sharing options...
apetley Posted September 28, 2007 Share Posted September 28, 2007 I only discovered Archa last week after 6 years in and out of Thailand. Have to say it seems very agreeable Back on topic I find Kasikorn best of the bunch out of Thai banks but only keep what I have to here. I can get 6.3 percent on an instant access account back home, UK, and nearly 7 percent on a term deposit. Link to comment Share on other sites More sharing options...
phutoie2 Posted September 29, 2007 Share Posted September 29, 2007 (edited) Archa beer at launch (3 years ago approx) = Bht 280.00/caseArcha beer, 3 months later = Bht 300.00/case Archa beer, last week = Bht 230.00/case However, I can understand your point when considering fuel prices. Thats economics I can understand very well! The beer barometer. Cheers. Archa, Chang, Leo all good and so cheap, stay off that Cheers stuff- awful. Oh and Bangkok bank pay interest every 3 months on savings account, 2.25% and minus some tax. Edited September 29, 2007 by phutoie2 Link to comment Share on other sites More sharing options...
backflip Posted September 29, 2007 Share Posted September 29, 2007 Opie, Search the forums for this subject. There's a list of which banks pay interest, and those that do not. Link to comment Share on other sites More sharing options...
Khun Bob Posted September 29, 2007 Share Posted September 29, 2007 (edited) Best interest on a THB account is to be had in Laos, where no tax is payable. Opening an account there is easy, and many forms of genuine or otherwise ID are acceptable... Transfers of THB can be done from a Thai bank in Thailand to Laos Interest on savings accounts is pitiful - however there is a BOT initiative to get fore foreign currency held in Thailand so it may be worthwhile looking at EUR, AUD, NZ, Hungarian, Romainian, Icelandic accounts for high interest - however offshore they never pay as well as onshore. Still heres my list of actual experience : kasikorn - yes krung thai - no bkk bank - yes siam commercial b - yes om sin - dont know yet - when opened not specified - didnt provide inet access krungsri - yes tmb - yes reported : siam city bank - yes bank of asia / uob - yes gov housing bank - yes dont know dahn chat bank guess will : jpmorgan citibank ing hsbc Any reports of other banks or actual experience ? With krung thai I was told if I have a term account I would get interest, but with savings no... Edited September 29, 2007 by Khun Bob Link to comment Share on other sites More sharing options...
Gary A Posted September 29, 2007 Share Posted September 29, 2007 At those rates inflation will eat into any savings sitting around for long periods of timelike a school of pirannas! Archa beer at launch (3 years ago approx) = Bht 280.00/case Archa beer, 3 months later = Bht 300.00/case Archa beer, last week = Bht 230.00/case However, I can understand your point when considering fuel prices. I'm sorry to be the one to tell you but you're in for a shock. I was paying 235 baht per case of Archa BUT, it appears the government needs more money for taxes so the price has gone up. The last case was 265 baht. I had to go attend a pity party with my fellow Archa drinkers. Link to comment Share on other sites More sharing options...
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