Thai Banks Interest Rates

[monkeytunes]

I want to put a little bit of money into an account with the highest interest rate possible, and wanted to get an idea of what sort of rate people are getting and with what bank here in sunny Thailand.

Many thanks MT

[BEENTHEREDONETHAT]

Had 3% for 6 months with Ayudaya (sp) but they deduct a 15% tax on the earnings. Better than nothing, but just barely.

[BEENTHEREDONETHAT]

Sorry I should have said 3% annual rate maturing in 6 months.

[Lite Beer]

I want to put a little bit of money into an account with the highest interest rate possible, and wanted to get an idea of what sort of rate people are getting and with what bank here in sunny Thailand.

Many thanks MT

A fixed rate acc. will pay about 2.75 % All the banks pay around the same.

[bendix]

Why not go to someone like HSBC or Citibank and put it into a foreign currency account. Aussie and Kiwi's have the highest rates but you might lose out on currency exchange as if Baht appreciates against them. Or a US dollar account to take advantage of the likely rise of the US against the baht?

[missismiggins]

Why not go to someone like HSBC or Citibank and put it into a foreign currency account. Aussie and Kiwi's have the highest rates but you might lose out on currency exchange as if Baht appreciates against them. Or a US dollar account to take advantage of the likely rise of the US against the baht?

[Khonwan]

Up to 3.75%pa TAX EXEMPT from Bank of Agriculture & Agricultural Cooperatives (BAAC), a government-backed bank: http://www.baac.or.th/baac_en/index.php?co...=1&inside=1

[monkeytunes]

thanks for the feedback, Baac seems like the best option so far.Regards MT

[meom]

Why not go to someone like HSBC or Citibank and put it into a foreign currency account. Aussie and Kiwi's have the highest rates but you might lose out on currency exchange as if Baht appreciates against them. Or a US dollar account to take advantage of the likely rise of the US against the baht?

HSBC is giving about 2.7% interest per year on a USD.100,000 deposit which ain't to good either.

That's HSBC Offshore so it's taxfree but other than that their percentage sucks.

Edited June 18, 2008 by meom

[saraburioz]

My wife has a lot of cash in Thai Military Bank - seemingly they have a high interest - but only for Thais.

[rick75]

In Australia at the moment we are getting 10.05% pa on 50k au locked in a term deposit of 6 months.

[sfokevin]

Up to 3.75%pa TAX EXEMPT from Bank of Agriculture & Agricultural Cooperatives (BAAC), a government-backed bank: http://www.baac.or.th/baac_en/index.php?co...=1&inside=1

Can this and other interest bearing accounts be setup for the 800K Retirement Visa funds deposit?

Edited June 19, 2008 by sfokevin

[Thaifan2]

Up to 3.75%pa TAX EXEMPT from Bank of Agriculture & Agricultural Cooperatives (BAAC), a government-backed bank: http://www.baac.or.th/baac_en/index.php?co...=1&inside=1

Can this and other interest bearing accounts be setup for the 800K Retirement Visa funds deposit?

As far as i know yes .I know at least one person in Pattaya who has done this .

[chiangmaibruce]

you should find the interest rates for all Thai banks here:

www.bot.or.th/english/statistics/financialmarkets/interestrate/_layouts/application/interest_rate/IN_Rate.aspx

- CB

[george]

In Australia at the moment we are getting 10.05% pa on 50k au locked in a term deposit of 6 months.

Which bank? Do you have a pointer to their website?

[IBDIZ]

And why you so speak?

[ozsamurai]

Whose handing out 10% in Oz??? Westpac is lucky at 8% I thought.... share the news...

Oz

[bendix]

Probably some dodgy little fly-by-night finance house with a DDD- credit rating by Standard & Poors.