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Thai Banks


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  • 2 weeks later...
I have heard some banks do not pay intrest to foreigners. rumour or fact I don’t know. So it would be best to check beforehand. But if anyone can confirm or deny please post.

i'm a foreigner. banking with SCB. get interest. don't ask how much :o

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When you deposit money with a Stock Broker/Securities until you buy shares, and you are under no obligation to buy shares. They will pay at quite a high interest rate, your money is absolutely safe, but they don’t like you making to many withdrawals. I did this for a while, while I studied the Thai stock market.

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My Siam Commercial Money market account is paying 2.4 now, with 15% deducted for taxes monthly. It has been as high as 4% about a year ago. There are no restrictions on using your funds; it takes about a day for it to be transferred into your savings account so you can have access to it.

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