Jump to content

Recommended Posts

Posted

Hi all, why are the deposit rates (source my SCB easy fund) so low- currently between 3% and 3.5% ? My friends have a Thai mortgage and pay around 8%!!

The differential is huge in comparison to say UK. Is there a way of having deposits here that attract a decent rate of interest? As I am currently getting 6% in UK?

Am building a house next year and need to transfer fairly large sums and once those sums are here would obviously like to get a decent rate, SCB in the meantime tell me that is the best rate!!! Baht / Sterling rate favourable at the moment but put off by low interest.

Any thoughts

Thanks

Mike

Posted

Has anyone had experience at opening a Thai credit union account. It would offer a better interest rate. The wife tells me her credit union is paying 8% interest on deposits at the moment.

Posted

Hi Farma,

Can you tell us the name of the Thai credit union your wife has an account with?

Cheers, Misty

Has anyone had experience at opening a Thai credit union account. It would offer a better interest rate. The wife tells me her credit union is paying 8% interest on deposits at the moment.
Posted (edited)

Misty

It’s one for members of her medical profession. I don’t know the correct name for it but believe you have to be from that profession to be a member. She made a large deposit this morning and that’s how I know the interest rate.

Mike after hearing that interest rate this morning I thought it would be a good alternative if possible for non Thais to join. Hopefully others have had experience opening Thai credit union accounts and can offer advice.

Edited by Farma
Posted
Hi all, why are the deposit rates (source my SCB easy fund) so low- currently between 3% and 3.5% ?

I have never used Thai bank accounts to make money. Not only are rates low, but last time I looked the rates for foreigners were lower still (less than 1%). Not sure if this applies to foreigners with work permits though?

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.


  • Topics

  • Latest posts...

    1. 322

      Biden lifts restrictions on Ukraine using US weapons to strike deep inside Russia.

    2. 1,487

      5 year multiple entry DTV visa (Destination Thailand) from 2024-xx-xx

    3. 322

      Biden lifts restrictions on Ukraine using US weapons to strike deep inside Russia.

    4. 172

      Why do so many Thai prostitutes marry their customers?

    5. 537

      UK Pensioners in Thailand Face New Scrutiny Over Pension Fraud

    6. 322

      Biden lifts restrictions on Ukraine using US weapons to strike deep inside Russia.

    7. 0

      Donald Trump Jr. Alleges Biden’s Actions Could Trigger World War III Before Trump’s Return

    8. 0

      Exposed: TikTok Tutorials Reveal Fake Asylum Scams Targeting the UK

  • Popular in The Pub


×
×
  • Create New...