monkeytunes Posted June 17, 2008 Share Posted June 17, 2008 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 Link to comment Share on other sites More sharing options...
BEENTHEREDONETHAT Posted June 17, 2008 Share Posted June 17, 2008 Had 3% for 6 months with Ayudaya (sp) but they deduct a 15% tax on the earnings. Better than nothing, but just barely. Link to comment Share on other sites More sharing options...
BEENTHEREDONETHAT Posted June 17, 2008 Share Posted June 17, 2008 Sorry I should have said 3% annual rate maturing in 6 months. Link to comment Share on other sites More sharing options...
Lite Beer Posted June 17, 2008 Share Posted June 17, 2008 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. Link to comment Share on other sites More sharing options...
bendix Posted June 17, 2008 Share Posted June 17, 2008 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? Link to comment Share on other sites More sharing options...
missismiggins Posted June 17, 2008 Share Posted June 17, 2008 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? Link to comment Share on other sites More sharing options...
Khonwan Posted June 17, 2008 Share Posted June 17, 2008 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 Link to comment Share on other sites More sharing options...
monkeytunes Posted June 18, 2008 Author Share Posted June 18, 2008 thanks for the feedback, Baac seems like the best option so far.Regards MT Link to comment Share on other sites More sharing options...
meom Posted June 18, 2008 Share Posted June 18, 2008 (edited) 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 Link to comment Share on other sites More sharing options...
saraburioz Posted June 19, 2008 Share Posted June 19, 2008 My wife has a lot of cash in Thai Military Bank - seemingly they have a high interest - but only for Thais. Link to comment Share on other sites More sharing options...
rick75 Posted June 19, 2008 Share Posted June 19, 2008 In Australia at the moment we are getting 10.05% pa on 50k au locked in a term deposit of 6 months. Link to comment Share on other sites More sharing options...
sfokevin Posted June 19, 2008 Share Posted June 19, 2008 (edited) 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 Link to comment Share on other sites More sharing options...
Thaifan2 Posted June 19, 2008 Share Posted June 19, 2008 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 . Link to comment Share on other sites More sharing options...
chiangmaibruce Posted June 19, 2008 Share Posted June 19, 2008 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 Link to comment Share on other sites More sharing options...
george Posted June 19, 2008 Share Posted June 19, 2008 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? Link to comment Share on other sites More sharing options...
IBDIZ Posted June 19, 2008 Share Posted June 19, 2008 And why you so speak? Link to comment Share on other sites More sharing options...
ozsamurai Posted June 19, 2008 Share Posted June 19, 2008 Whose handing out 10% in Oz??? Westpac is lucky at 8% I thought.... share the news... Oz Link to comment Share on other sites More sharing options...
bendix Posted June 19, 2008 Share Posted June 19, 2008 Probably some dodgy little fly-by-night finance house with a DDD- credit rating by Standard & Poors. Link to comment Share on other sites More sharing options...
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