Will Fixed Deposits Be Accepted By Immigration

[henryalleman]

Kasikorn Thai have now an happy senior fixed deposit who give 1.65 % intrest . I only like to know if somebody can tell me if this is accepted by immigration as proof instead of the 800 000 Baht in a savings account.

Recently I became a widower and therefore my pension is cutt by 20% and I'm not sure if I wil meet the aquired 800 000 baht income because of it. And an savings account intrest rate is far too low.

Thanks in advance for the reply.

[Lite Beer]

Most Immigration Offices will accept this.

[Jingthing]

Acceptance or non-acceptance of fixed deposit accounts is probably dependent on the specific immigration office/officer that you use. I would recommend directly asking your local office and taking any answers here with a grain of salt. I assume you do know that if your pension falls short of the 800K, you can use the combo method to make the 800K requirement. In other words, for example a pension of 600K plus a Thai bank account of 200K would qualify. Also, those using the combo method do not have to season the money in the bank account (though there have some been some reports of some offices still demanding that which is not consistent with the national rule).

[lopburi3]

But you have another option. You can use a combination of bank deposit and income/pension if the pension is short of the required 65k per month. The requirement then is a combination meeting 800k per year.

Example: pension 50000 per month x 12 = 600k with a bank account of 200k = 800k

[Lite Beer]

I have always used a fixed deposit account with no problem. As have a lot of members. The odd Immigration Office may not allow . Most will.

With a fixed account the money is instantly accessible. So OK.

[lopburi3]

I have not seen any reports of fixed deposit saving accounts in own name not being accepted. What is not accepted are the stock/financial instrument type accounts some banks offer (and not always clear what they are). As long as it is cash on deposit it seems to be accepted.

[antony77]

1.65% is not much. You must remember that the bank has to deduct 15% as tax. What I do is keep 800k on a 9 month fixed deposit in Australia at at least 5-6% then have it remitted here three months before I need to renew my retirement vusa

[tlcwaterfall]

I have not seen any reports of fixed deposit saving accounts in own name not being accepted. What is not accepted are the stock/financial instrument type accounts some banks offer (and not always clear what they are). As long as it is cash on deposit it seems to be accepted.

And with fixed deposits does anyone know the best rates on offer from the different banks?

Is there for example a website that lists all banks rates and fees? Or do we simply have to visit each bank and enquire about rates,

Thanks for any help as I currently have all monies in a normal account earning very small rate of interest.

[henryalleman]

Thanks for all the replies;

I know I can use the combo method. And I know 1.65 % is not much. But I don't trust banks who give a rate above the normal. And its money I don't need. So its only a way to make things more comfortable for me, so no more hazles with transfering and keeping an eye on the data and so on.

When I go to report 90 day's I will ask immigration to be 100% sure.