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Thailand News and Discussion Forum | ASEANNOW

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Reliable Bank

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Hi all,due to the rumours last week that Bank Thai was on the verge of going broke I withdraw my accounts with this bank.Which I regret of course as they paid 2,5 % interest on a savings account.Later these rumours were denied but where is smoke there will be fire.

So now I have to put my money somewhere else as I consider under the mattress not a save place but the news and the circumstances in the rest of the world makes me a bit wary.

Which bank in thailand can be considered save and which ones should be avoided for sure?

I guess there will be also a guarantee fund in case a bank goes broke,so you don't lose all your deposits, but does anybody know what the amount of that guarantee is?

I use Kasikorn, very reliable and very good service.

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