Best (interest) Rates

[deejah]

k bank in pat had the best rate and best service so far

there is k money and k treasury both yielding around 3 % (annually) on 6 months deposit

one may be less risky than the other

bank of auathya had awful customer service

and

siam commercial offered around 2 % give or take on a 'fundbook'

ideas, advice, suggestions?

looking for highest yeild lowest risk

thanks

[soundman]

Interest rate deals are usually nation-wide with the banks and therefore moving to banking forum.

[chiangmaibruce]

You have probably haven't had any responses because your question is confused/confusing

Main suggestion would be to research the various types of financial products offered by thai banks so you can understand what's being offered to you, esp. the difference in risk/risk return.

By mentioning "interest" and "customer service" I thought you were discussing bank transaction accounts, but you are looking at different types of managed funds. These different managed funds comprise money market, bonds and/or equities.

The current interest rate offered by all Thai banks can be found in the web site of the Bank of Thailand. The returns for managed funds, well you can subscribe to someone like Lipper/Reuters or look at the web sites for each of the banks or fund managers

[chiangmaibruce]

And this may be of 'interest' ... a list of some new products being rolled out by the banks

http://www.nationmultimedia.com/2009/02/13...ss_30095588.php

[khundon]

k bank in pat had the best rate and best service so far

there is k money and k treasury both yielding around 3 % (annually) on 6 months deposit

one may be less risky than the other

bank of auathya had awful customer service

and

siam commercial offered around 2 % give or take on a 'fundbook'

ideas, advice, suggestions?

looking for highest yeild lowest risk

thanks

Factor in inflation, and you are paying the bank to look after your money. Get it overseas in foreign banks, put it into a high yield account and draw interest yearly, if you don't need access to it day to day.

Edited February 14, 2009 by khundon

[ignis]

Things have changed a lot in resent months..

Myself put the 800,000 for the Retirement Extensions every year into a Fixed Term Account for 10 years @ 3.2% interest.. runs out in July 2013..

In going to the Bank last week for the Immigration Letter, the Bank now has a deal for 6 - 24 months @ 0.65% !!

Bangkok Bank and K Bank were offering about 6 months ago a Fixed Term 6 months @ 5%