Do You Get Interest From Your Bank Account ?

[Geppis72]

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

--

[sonicdragon]

Yes, this is the policy of some banks. Kasikorn and Bangkok Bank both have more accomodative policies.

[jayenram]

2.25% on a time deposit account with Kasikorn Bank. Less 15% withholding tax.

[soundman]

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.

[roietjimmy]

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.

[tingtong]

bangkok bank pays interest fine, however small amount it is

i opened my account without WP, have Visa Electron card.

[CWMcMurray]

I have accounts at Krung Thai and Siam and get interest at both.

[KhunG]

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.

[Geppis72]

Tks for your outcome.

I will ask to Bangkok bank.....

Tks and regards

[ignis]

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

[soundman]

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!

[jayenram]

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.

[Lite Beer]

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

[soundman]

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.

Thats economics I can understand very well! The beer barometer.

Cheers.

[Maigo6]

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.

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....

[apetley]

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.

[phutoie2]

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.

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

[backflip]

Opie,

Search the forums for this subject. There's a list of which banks pay interest, and those that do not.

[Khun Bob]

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

[Gary A]

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.