meatboy Posted July 16, 2012 Share Posted July 16, 2012 krungthai has a good fixed rate at the moment,4% 22months 10,000bht min.this suits me fine but i have to open a current acc.so the interest goes into it.oh well open a new one and close an old one easy if you have a free day. Link to comment Share on other sites More sharing options...
pattaya_girl Posted July 17, 2012 Share Posted July 17, 2012 krungthai has a good fixed rate at the moment,4% 22months 10,000bht min.this suits me fine but i have to open a current acc.so the interest goes into it.oh well open a new one and close an old one easy if you have a free day. How often do you get the interest ?? is it every month ?? Link to comment Share on other sites More sharing options...
meand Posted July 17, 2012 Share Posted July 17, 2012 Supposedly TMB interest rates will drop next month if I read this here correctly. So we have 2 options other than fixed deposit which is Standard Chartered with 3% and Krungsri with 2.9%. Any take on the stability of these offers? I don't think there is any way to solidify how long these will last, but the tellers at the Krungsri bank were telling us till the end of the year on the 2.9. Like I said though, i'd never take that to the bank Link to comment Share on other sites More sharing options...
pattaya_girl Posted July 17, 2012 Share Posted July 17, 2012 Supposedly TMB interest rates will drop next month if I read this here correctly. So we have 2 options other than fixed deposit which is Standard Chartered with 3% and Krungsri with 2.9%. Any take on the stability of these offers? I don't think there is any way to solidify how long these will last, but the tellers at the Krungsri bank were telling us till the end of the year on the 2.9. Like I said though, i'd never take that to the bank I went today to Krungsri Bank, i got the promotion 11 months at 3.4%, interest paid monthly. This is lower than the last 11 months, i got 3.7%. Link to comment Share on other sites More sharing options...
Feeld Posted July 17, 2012 Share Posted July 17, 2012 krungthai has a good fixed rate at the moment,4% 22months 10,000bht min.this suits me fine but i have to open a current acc.so the interest goes into it.oh well open a new one and close an old one easy if you have a free day. 4% may seem like a very good rate today but in nine months time it's likely there'll be better deals around, 22 months is just too far away for my liking but if you're happy with it, great. Link to comment Share on other sites More sharing options...
Darrel Posted July 17, 2012 Share Posted July 17, 2012 4% may seem like a very good rate today but in nine months time it's likely there'll be better deals around, That's what most people were saying this time last year when I signed up for my 13-month Kbank step-bond paying 3.8%. It's also what most people were saying about long-term UK interest rates last year. I signed up for the Kbank bond and also for as many 5-year UK bonds as I could at the end of last year and I dont regret either. This 4% 22-month account looks fine to me, even if the online product page does seem to say that it closed on June 30. Link to comment Share on other sites More sharing options...
KNJ Posted July 17, 2012 Share Posted July 17, 2012 3.55% in Yorkshire building Society, bank protection up to 85 000 GBP For all you Brits willing to gamble on the strength of the pound Link to comment Share on other sites More sharing options...
Feeld Posted July 17, 2012 Share Posted July 17, 2012 4% may seem like a very good rate today but in nine months time it's likely there'll be better deals around, That's what most people were saying this time last year when I signed up for my 13-month Kbank step-bond paying 3.8%. It's also what most people were saying about long-term UK interest rates last year. I signed up for the Kbank bond and also for as many 5-year UK bonds as I could at the end of last year and I dont regret either. This 4% 22-month account looks fine to me, even if the online product page does seem to say that it closed on June 30. That approach is fine as long as you believe that rates will never change, clearly at some point they will however. Link to comment Share on other sites More sharing options...
rmicheald Posted July 17, 2012 Share Posted July 17, 2012 KTB offer 3.9% on a 10 month deposit http://www.ktb.co.th...al_products.jsp This is a bill of exchange rather than an insured deposit account, and it seems to have expired in September 2011 anyway. Currently I think you can get 4.5% or thereabouts from TMB for a bill of exchange. Pardon my ignorance, but what is a "bill of exchange"? Link to comment Share on other sites More sharing options...
Darrel Posted July 17, 2012 Share Posted July 17, 2012 That approach is fine as long as you believe that rates will never change, clearly at some point they will however. They have indeed changed since last year: they have gone down. Link to comment Share on other sites More sharing options...
Darrel Posted July 17, 2012 Share Posted July 17, 2012 3.55% in Yorkshire building Society, bank protection up to 85 000 GBP For all you Brits willing to gamble on the strength of the pound Totally off-topic but I'm getting an average of 4.5% on GBP deposits and even today you can easily beat 3.55% for more than one year. I changed EUR into GBP at 1.0x and 1.1x and haven't regretted it at all. Link to comment Share on other sites More sharing options...
meatboy Posted July 18, 2012 Share Posted July 18, 2012 krungthai has a good fixed rate at the moment,4% 22months 10,000bht min.this suits me fine but i have to open a current acc.so the interest goes into it.oh well open a new one and close an old one easy if you have a free day. 4% may seem like a very good rate today but in nine months time it's likely there'll be better deals around, 22 months is just too far away for my liking but if you're happy with it, great. me&wf in the last 3years has not bettered 4% but we only stuck with bkkb and scb,i would settle for 4% for the next 3years but unfortunely no can have. Link to comment Share on other sites More sharing options...
Darrel Posted July 18, 2012 Share Posted July 18, 2012 Pardon my ignorance, but what is a "bill of exchange"? Look at it as an uninsured deposit note that is as sound as the issuer. http://en.wikipedia.org/wiki/Negotiable_instrument If the issuer goes bankrupt you may not get anything back, unlike insured bank deposits which are covered by an external deposit protection, usually government-backed. Link to comment Share on other sites More sharing options...
Darrel Posted July 20, 2012 Share Posted July 20, 2012 CIMB 7 months 3.4% 1 Link to comment Share on other sites More sharing options...
pattaya_girl Posted July 20, 2012 Share Posted July 20, 2012 I heard TMB 3.5% over 12 months, I have yet to check it out. Link to comment Share on other sites More sharing options...
Darrel Posted July 20, 2012 Share Posted July 20, 2012 I heard TMB 3.5% over 12 months .... That's correct. On their website. 1 Link to comment Share on other sites More sharing options...
MrMuddle Posted July 20, 2012 Share Posted July 20, 2012 Is this available to foreigners ? The savings accounts I've looked at on the TMB website all ask for photo ID card. There seems to be no further details on this offer, though it is listed on the site as "Quick 12 month". Link to comment Share on other sites More sharing options...
Feeld Posted July 20, 2012 Share Posted July 20, 2012 It varies from location to location, some branches will accept a Thai drivers license, others a work permit, some just don't want to know. It's probably best to try and open a TMB account in the tourist areas first and then perhaps transfer it, Pattaya and Bangkok should be fairly easy. Link to comment Share on other sites More sharing options...
Darrel Posted July 20, 2012 Share Posted July 20, 2012 A passport is photo ID. Link to comment Share on other sites More sharing options...
MrMuddle Posted July 20, 2012 Share Posted July 20, 2012 Thanks for the help / replies, not sure if Phetchabun is a tourist area, , but we'll give it a go early next week. Link to comment Share on other sites More sharing options...
Feeld Posted July 20, 2012 Share Posted July 20, 2012 (edited) A passport is photo ID. "photo ID card"! Edited July 20, 2012 by Feeld Link to comment Share on other sites More sharing options...
Darrel Posted July 21, 2012 Share Posted July 21, 2012 I think you will find that they just mean "photo ID". The English used on Thai bank websites is not always the most clear, but when they mean "Thai only" they usually just say so. Link to comment Share on other sites More sharing options...
Feeld Posted July 21, 2012 Share Posted July 21, 2012 That's not my experience, mine is that it's very difficult to open an account at TMB in the less travelled destinations, unless you are a Thai or have a work permit, it's easy in Pattaya and Bangkok but more remote locations are problematic. Link to comment Share on other sites More sharing options...
pattaya_girl Posted July 21, 2012 Share Posted July 21, 2012 Last year i was on 4%, and now the best i can find is 3.5%, does it go lower every year? what a downer !!! Link to comment Share on other sites More sharing options...
Naam Posted July 21, 2012 Share Posted July 21, 2012 HI! Is 7 or 9 Month , The highest possible Time for a closing Saving acount with higher Rates , or does some bank ofer also 3 or 5 years of saving plan! A old man from bk told me 15 years ago Thai bank give over 10 procent interest rates? Can someone confirm this? Sent from my iPhone using ThaiVisa app what sense does it make to confirm something that applied 15 years ago? Link to comment Share on other sites More sharing options...
flying Posted July 21, 2012 Share Posted July 21, 2012 Last year i was on 4%, and now the best i can find is 3.5%, does it go lower every year? what a downer !!! Yes but there is a flip side..... 3.5% would be termed the good old days in the USA where they get less than 1% for some time now Link to comment Share on other sites More sharing options...
husky Posted July 21, 2012 Share Posted July 21, 2012 Just a check since this referenced thread on claiming a tax refund has been archived: http://www.thaivisa.com/forum/topic/239828-thai-bank-interest-im-paying-tax/#entry2511376 Is the procedure still the same, location of tax office, etc.? (thread is from 09). Very good info in thread, just checking if anything is different and if anyone has done it recently. Link to comment Share on other sites More sharing options...
Darrel Posted July 21, 2012 Share Posted July 21, 2012 That's not my experience, mine is that it's very difficult to open an account at TMB in the less travelled destinations, unless you are a Thai or have a work permit, it's easy in Pattaya and Bangkok but more remote locations are problematic. That's just the standard response to farangs trying to open an account and it seems to apply to all banks, even Kbank which is generally accepted to be the easiest bank for farangs to open accounts in. Try Kbank outside Pattaya and it's much harder. Link to comment Share on other sites More sharing options...
meatboy Posted July 22, 2012 Share Posted July 22, 2012 Just a check since this referenced thread on claiming a tax refund has been archived: http://www.thaivisa....x/#entry2511376 Is the procedure still the same, location of tax office, etc.? (thread is from 09). Very good info in thread, just checking if anything is different and if anyone has done it recently. back in jan.claimed tax paid on fixed dep.accs.for first time.gave me a tax id.card ref.no.address.next year i can do on line. Link to comment Share on other sites More sharing options...
Tywais Posted July 23, 2012 Share Posted July 23, 2012 A old man from bk told me 15 years ago Thai bank give over 10 procent interest rates? Can someone confirm this? In the late 80's early 90's rates were highly competitive. I was offered 12% at one bank and 14% at another. Ahh, the good old days. Link to comment Share on other sites More sharing options...
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