My girlfriend is going to open a savings account and has been shoppoing around for the best interest rate.

She took me to the government bank (pink one) and they offered her a five year interest rate of 10.0% but a yearly one at 2.4%. . They did however say this is not a bond account, well actually at first they did then they seemed to change their mind.

They were also mentioning something about a lottery which I could not decifer even from my girlfriend. Any ideas what this account is or what they are talking about....?

For Thai's which is the best banking option to go for when trying to save money which is kinda low risk....?

My bet would be that the interest rate is not 10% per year for 5 years but 10% after 5 years on deposit.

That lottery / Govt bond thingy pays very little interest if I recall - and to my knowledge nobody has ever won the big one 10,000,000 . Pretty safe I imagine and a little bit extra work to withdraw it - can't run to your nearest ATM.

yr gf should know it better as she speaks the language :jap:

I just can't figure out why a farang in Thailand is asking other farangs in Thailand about a Thai opening an account in Thailand.

That would be like a Thai asking other Thai's in Canada about me opening an acct in Canada.

Sorry mate but..........

I just can't figure out why a farang in Thailand is asking other farangs in Thailand about a Thai opening an account in Thailand.

That would be like a Thai asking other Thai's in Canada about me opening an acct in Canada.

Sorry mate but..........

As for everyone else thankyou very much for your help. I've passed everything on, decision made and acc is gonna be opened at the end of the week

Cheers guys

What.

She has never had a bank account before? Interesting.