highchol Posted March 13, 2012 Share Posted March 13, 2012 (edited) Kasikorn are advertising 8% on fixed term savings over 13months, has any one taken up the offer or have any more details?. The flyers are all in Thai and I cant read. 8% sounds too good, is there a catch? thanks Edited March 13, 2012 by highchol Link to comment Share on other sites More sharing options...
highchol Posted March 13, 2012 Author Share Posted March 13, 2012 (edited) also any advice on how to edit typos in header ( latest ) Edited March 13, 2012 by highchol Link to comment Share on other sites More sharing options...
Daveroc Posted March 13, 2012 Share Posted March 13, 2012 It is a 13 month stepped product which increases the interest rate every three months until you receive 8% for the 13th month. effective rate is around 3.5% for 13 months. http://www.kasikornbank.com/EN/RatesAndFees/Deposit/Pages/Deposit.aspx Link to comment Share on other sites More sharing options...
highchol Posted March 13, 2012 Author Share Posted March 13, 2012 ok thanks, thought it sounded too good. Link to comment Share on other sites More sharing options...
CharlieH Posted March 13, 2012 Share Posted March 13, 2012 (edited) ok thanks, thought it sounded too good. And don't forget you lose 15% of interest earned to tax too ! Edited March 13, 2012 by CharlieH Link to comment Share on other sites More sharing options...
12DrinkMore Posted March 13, 2012 Share Posted March 13, 2012 ok thanks, thought it sounded too good. And don't forget you lose 15% of interest earned to tax too ! Not necessarily, you can claim this back by submitting a tax return. Link to comment Share on other sites More sharing options...
Pib Posted March 13, 2012 Share Posted March 13, 2012 ok thanks, thought it sounded too good. And don't forget you lose 15% of interest earned to tax too ! Not necessarily, you can claim this back by submitting a tax return. I think you only have tax withheld when earning more than 20K baht/year on a deposit. Earn less than 20K baht interest and no tax is withheld. Link to comment Share on other sites More sharing options...
jbaldwin Posted March 13, 2012 Share Posted March 13, 2012 Siam Commerical Bank currently has a 555 day deposit paying 5.55% (that is an annual rate of 3.65%) Link to comment Share on other sites More sharing options...
Gonsalviz Posted March 14, 2012 Share Posted March 14, 2012 Siam Commerical Bank currently has a 555 day deposit paying 5.55% (that is an annual rate of 3.65%) 555 Link to comment Share on other sites More sharing options...
AbeSurd Posted March 15, 2012 Share Posted March 15, 2012 I think you only have tax withheld when earning more than 20K baht/year on a deposit. Earn less than 20K baht interest and no tax is withheld. My understanding from Bangkok Bank and SCB is that no tax is deducted on ordinary savings accounts, so long as you don't earn more than 20,000 baht interest a year. However with fixed term/rate accounts, tax at 15 percent is deducted - which I believe, yes, you can claim back. Most posts on this thread are talking about annual interest rates in the region of 3 percent. I think those are fixed term/rate accounts. Link to comment Share on other sites More sharing options...
metisdead Posted March 15, 2012 Share Posted March 15, 2012 also any advice on how to edit typos in header ( latest ) Typo in title fixed. Link to comment Share on other sites More sharing options...
Naam Posted March 15, 2012 Share Posted March 15, 2012 (edited) I think you only have tax withheld when earning more than 20K baht/year on a deposit. Earn less than 20K baht interest and no tax is withheld. My understanding from Bangkok Bank and SCB is that no tax is deducted on ordinary savings accounts, so long as you don't earn more than 20,000 baht interest a year. However with fixed term/rate accounts, tax at 15 percent is deducted - which I believe, yes, you can claim back. Most posts on this thread are talking about annual interest rates in the region of 3 percent. I think those are fixed term/rate accounts. alternatives are Money Market Funds, offered by most Thai banks, which yield presently 3.25% on 3 and 6-months maturities, interest paid tax free, no limit. Edited March 15, 2012 by Naam Link to comment Share on other sites More sharing options...
PattayaParent Posted March 16, 2012 Share Posted March 16, 2012 I think you only have tax withheld when earning more than 20K baht/year on a deposit. Earn less than 20K baht interest and no tax is withheld. My understanding from Bangkok Bank and SCB is that no tax is deducted on ordinary savings accounts, so long as you don't earn more than 20,000 baht interest a year. However with fixed term/rate accounts, tax at 15 percent is deducted - which I believe, yes, you can claim back. Most posts on this thread are talking about annual interest rates in the region of 3 percent. I think those are fixed term/rate accounts. alternatives are Money Market Funds, offered by most Thai banks, which yield presently 3.25% on 3 and 6-months maturities, interest paid tax free, no limit. Are all branches capable of providing a Money Market Fund account or only main branches? Link to comment Share on other sites More sharing options...
rak sa_ngop Posted March 16, 2012 Share Posted March 16, 2012 If you want a good GBP rate, Lloyds TSB International is offering 4.5 % on a 5 year fixed rate account, and 4% on a 3 year. Link to comment Share on other sites More sharing options...
Naam Posted March 16, 2012 Share Posted March 16, 2012 I think you only have tax withheld when earning more than 20K baht/year on a deposit. Earn less than 20K baht interest and no tax is withheld. My understanding from Bangkok Bank and SCB is that no tax is deducted on ordinary savings accounts, so long as you don't earn more than 20,000 baht interest a year. However with fixed term/rate accounts, tax at 15 percent is deducted - which I believe, yes, you can claim back. Most posts on this thread are talking about annual interest rates in the region of 3 percent. I think those are fixed term/rate accounts. alternatives are Money Market Funds, offered by most Thai banks, which yield presently 3.25% on 3 and 6-months maturities, interest paid tax free, no limit. Are all branches capable of providing a Money Market Fund account or only main branches? Siam Commercial and Kasikorn = yes Link to comment Share on other sites More sharing options...
highchol Posted March 16, 2012 Author Share Posted March 16, 2012 (edited) also any advice on how to edit typos in header ( latest ) Typo in title fixed. thanks at 8% rate the retirement bells were ringing loudly, albeit biefly. At 3.5% not even a faint tinkle. Edited March 16, 2012 by highchol Link to comment Share on other sites More sharing options...
CMMCB Posted March 27, 2012 Share Posted March 27, 2012 Siam Commerical Bank currently has a 555 day deposit paying 5.55% (that is an annual rate of 3.65%) Anyone heard of a better short-term fixed deposit account paying better than this? Old account maturing later this week. Thanks, CMMCB Link to comment Share on other sites More sharing options...
panork Posted March 30, 2012 Share Posted March 30, 2012 I have a Bangkok Bank FD due next month. Is anybody aware of special promotional rates offered by the Bank? I currently have access only to the website, which offers no relevant information. Link to comment Share on other sites More sharing options...
12DrinkMore Posted March 30, 2012 Share Posted March 30, 2012 I have a Bangkok Bank FD due next month. Is anybody aware of special promotional rates offered by the Bank? I currently have access only to the website, which offers no relevant information. Yes it does. http://www.bangkokbank.com/Bangkok%20Bank/Web%20Services/Rates/Pages/Deposit%20Rates.aspx Bangkok Bank are offering the worst rates at the moment. Try Krungsri. Link to comment Share on other sites More sharing options...
panork Posted March 30, 2012 Share Posted March 30, 2012 (edited) Thanks 12DrinkMore I do have the rates on the BangkokBank website and they are comparatively low. When I spoke to Bank staff earlier this month, they indicated that they might have a "promotion" coming up. This is what I am enquiring about. I am currently not in Thailand and promotional rates are not necessarily shown on the bank websites. I have an arrangement with the branch manager to renew my deposit next month in my absence and cannot switch to another bank. In any case, I have unsuccessfuly tried to open a Krungsri Thai Baht account without a long-term visa, in both Bangkok and Pattaya. Has anybody had a better experience? Edited March 30, 2012 by panork Link to comment Share on other sites More sharing options...
mark5335 Posted April 1, 2012 Share Posted April 1, 2012 The updated BBL promotional rate is now on their website. In fact it's very similar to their last promotion which expired on 21/3:- 2.625% p.a. for a 4 month term (promotion ends 23/4) Link to comment Share on other sites More sharing options...
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