CaptainPeacock Posted February 18, 2014 Share Posted February 18, 2014 Anyone knows the latest Bangkok bank FD rates? Thank you. Here you go: http://www.bangkokbank.com/BANGKOKBANK/WEBSERVICES/RATES/Pages/DepositRates.aspx 1 Link to comment Share on other sites More sharing options...
mania Posted February 18, 2014 Share Posted February 18, 2014 (edited) Anyone knows the latest Bangkok bank FD rates? Thank you. 4 & 10 month rates Edited February 18, 2014 by mania 2 Link to comment Share on other sites More sharing options...
KittenKong Posted February 20, 2014 Share Posted February 20, 2014 BAY has 3.2% for 11 months. "Finish already". May be back "next week or next month", maybe with a different rate. TMB are still doing a 12-month TD with interest of 3% paid in advance. Link to comment Share on other sites More sharing options...
Popular Post 55Jay Posted February 20, 2014 Popular Post Share Posted February 20, 2014 Anyone knows the latest Bangkok bank FD rates? Thank you. 4 & 10 month rates 2014-02-17 09.30.15.jpg The cardboard BKB guy hasn't aged a bit, although he's holding up lower numbers this year. Aging in reverse? 3 Link to comment Share on other sites More sharing options...
Choonpon Posted February 20, 2014 Share Posted February 20, 2014 Anyone knows the latest Bangkok bank FD rates? Thank you. 4 & 10 month rates 2014-02-17 09.30.15.jpg The cardboard BKB guy hasn't aged a bit, although he's holding up lower numbers this year. Aging in reverse? Photoshop;) 1 Link to comment Share on other sites More sharing options...
KittenKong Posted February 21, 2014 Share Posted February 21, 2014 TMB are still doing a 12-month TD with interest of 3% paid in advance. The cashier told me that having opened one of these one can add to it at any time and get the same rate, though it's not clear to me for how long one has to keep the new money tied up. Until the end of the initial 12-month period or does each subsequent deposit have its own duration of 12 months? Anyway, the facility may be of interest to some people especially if interest rates are on the way down. Link to comment Share on other sites More sharing options...
55Jay Posted February 21, 2014 Share Posted February 21, 2014 TMB are still doing a 12-month TD with interest of 3% paid in advance. The cashier told me that having opened one of these one can add to it at any time and get the same rate, though it's not clear to me for how long one has to keep the new money tied up. Until the end of the initial 12-month period or does each subsequent deposit have its own duration of 12 months? Anyway, the facility may be of interest to some people especially if interest rates are on the way down. My exp with Bangkok Banks was yes, additional deposits have their own maturity date. I deposited 1 lump in a 10 month TD, then added another lump to it 2 weeks later, so now I have two separate maturity dates. At least that's what the girl told me. Link to comment Share on other sites More sharing options...
John 1 Posted February 21, 2014 Share Posted February 21, 2014 TMB are still doing a 12-month TD with interest of 3% paid in advance. The cashier told me that having opened one of these one can add to it at any time and get the same rate, though it's not clear to me for how long one has to keep the new money tied up. Until the end of the initial 12-month period or does each subsequent deposit have its own duration of 12 months? Anyway, the facility may be of interest to some people especially if interest rates are on the way down. My exp with Bangkok Banks was yes, additional deposits have their own maturity date. I deposited 1 lump in a 10 month TD, then added another lump to it 2 weeks later, so now I have two separate maturity dates. At least that's what the girl told me. Correct. Link to comment Share on other sites More sharing options...
mania Posted February 21, 2014 Share Posted February 21, 2014 (edited) One thing about time locks is many times it is better to take the amount you want to lock & break it into 5 deposits.( or what ever ) I did one of a million baht deposited in 5 - 200k pieces. Never did need to remove it but did so just in case That way should an emergency arise & you need some you need not break the whole thing. Just take one of the pieces with no harm to the rest interest penalty wise. Edited February 21, 2014 by mania 2 Link to comment Share on other sites More sharing options...
cloghead Posted February 22, 2014 Share Posted February 22, 2014 Only a heads up (maybe)...... GSB have a promo, now extended until the end of February 2014 - a 5 month fixed account, 2.60% (NO tax payable) and interest paid monthly. Might be of interest for some...... This promo is NO LONGER advertised on their website, but is only available in their banks. I put a blob of money in yesterday and asked why the promo wasn't any longer on their website. Likewise, I asked why their website interest rates weren't the same as in their banks - got surprised looks from the manager, but no comment......They obviously don't look at their own website info..... Cheers Were the bank's staff dressed in black ? Link to comment Share on other sites More sharing options...
scooterboy Posted February 23, 2014 Share Posted February 23, 2014 One thing about time locks is many times it is better to take the amount you want to lock & break it into 5 deposits.( or what ever ) I did one of a million baht deposited in 5 - 200k pieces. Never did need to remove it but did so just in case That way should an emergency arise & you need some you need not break the whole thing. Just take one of the pieces with no harm to the rest interest penalty wise. Thanks - good advice, indeed! I wasn't actually aware that you could do that with the same account on the same day. Will certainly remember it, the next time I have a spare million or two..... Cheers Link to comment Share on other sites More sharing options...
Pib Posted February 23, 2014 Share Posted February 23, 2014 TMB are still doing a 12-month TD with interest of 3% paid in advance. The cashier told me that having opened one of these one can add to it at any time and get the same rate, though it's not clear to me for how long one has to keep the new money tied up. Until the end of the initial 12-month period or does each subsequent deposit have its own duration of 12 months? Anyway, the facility may be of interest to some people especially if interest rates are on the way down. My exp with Bangkok Banks was yes, additional deposits have their own maturity date. I deposited 1 lump in a 10 month TD, then added another lump to it 2 weeks later, so now I have two separate maturity dates. At least that's what the girl told me. Correct. For fixed deposits in general, correct as long as that particular promotion is still running. Once it closes, you can't add deposits to it and get that promotional rate...you might be able to add to it but you won't get the same interest rate if the promotion period has ended. Unless a promotion has a cut off date for additional deposits (not to be confused with maturity date) a person could theoretically walk into the bank the day before their account matures...say a 12 month fixed account they have paying 4% just for example, add a new deposit and get another 4% for 12 months...and then do that a year later...etc....etc...etc. But that's not the way it works. To get a certain interest rate the deposits have to occur before that promotional interest rate closes for additional deposits...you could probably still make additional deposits but if the 12 month rate has now dropped to say 2.5% you would only get that 2.5% for the additional deposit. How long a bank will leave the promotional period open for additional deposits at the promotional rate will vary...it may be a few weeks or a few months. Link to comment Share on other sites More sharing options...
mania Posted February 26, 2014 Share Posted February 26, 2014 (edited) Here is an interesting thought for US citizens looking to not have to Buy Obama Care To not be forced to buy this you need to be a bon fide resident of another country (expat) One determination is the physical test 330 days out of USA The other is Bona Fide residence test In this test it states If you submitted a statement of nonresidence to the authorities of a foreign country in which you earned income and the authorities hold that you are not subject to their income tax laws by reason of nonresidency in the foreign country, you are not considered a bona fide resident of that country. Catch 22? Basically this is the same statement used to claim back taxes on fixed deposits at the end of the year isn't it? I have not made the statement for 2013 as I used Ayudhya non fixed accounts for 2013 so had no tax to claim back. But maybe something to watch when Obama Care becomes required if not already? Edited February 26, 2014 by mania Link to comment Share on other sites More sharing options...
Pib Posted February 26, 2014 Share Posted February 26, 2014 Basically this is the same statement used to claim back taxes on fixed deposits at the end of the year isn't it? I make no such statement when I apply for refund of my fixed account interest 15% tax withholding. The only statement I put on the tax refund form (a Kor 10 form) is I don't earn any other income in Thailand other than this Thai bank account interest income....done that for the last two years. Unless you are saying that is some statement in Thai on the Thai tax form we sign? If so, can you provide a cut-and-paste from the form showing that statement. Link to comment Share on other sites More sharing options...
chiang mai Posted February 26, 2014 Author Share Posted February 26, 2014 UOB - Eleven months, 2.95% Savings account, no tax deducted, 2.50% Link to comment Share on other sites More sharing options...
mania Posted February 26, 2014 Share Posted February 26, 2014 (edited) Basically this is the same statement used to claim back taxes on fixed deposits at the end of the year isn't it?I make no such statement when I apply for refund of my fixed account interest 15% tax withholding. The only statement I put on the tax refund form (a Kor 10 form) is I don't earn any other income in Thailand other than this Thai bank account interest income....done that for the last two years. Unless you are saying that is some statement in Thai on the Thai tax form we sign? If so, can you provide a cut-and-paste from the form showing that statement. Pib I am not 100% sure it is just a thought that occurred to me while reading the 2555 form from the IRS about qualifying as a true expat & exempt from Obama Care But my guess is the description fits the likely scenario which frees us from paying any Thai income tax on the interest income. Again I have not read the Thai part as I am not filing this year. Those who are may want to double check & not disqualify themselves on one end to save a little on the other. Edited February 26, 2014 by mania Link to comment Share on other sites More sharing options...
seb2015 Posted March 7, 2014 Share Posted March 7, 2014 Just to let everyone know that there is a Kasikorn Fixed Deposit Account at 3% and so depending on the lenght of the deposit. No income tax withheld. Promotion ends on Monday 10 (note that if you plan to open your account on that day, using a cashier cheque, you'd have to do that before 1pm on Monday). http://www.kasikornasset.com/EN/BannerPromotion/Pages/KFI6M.aspx http://www.kasikornasset.com/EN/BannerPromotion/Pages/fixedincome.aspx Sent from my iPhone using Thaivisa Connect Thailand Link to comment Share on other sites More sharing options...
marino28 Posted March 7, 2014 Share Posted March 7, 2014 UOB - Eleven months, 2.95% Savings account, no tax deducted, 2.50% Hello, i am very interesting in the saving account of UOB but in the internet site i cannot find any saving account that pay 2,5% http://www.uob.co.th/announcement/deposite-rates/2014/01Mar2014_en.pdf Link to comment Share on other sites More sharing options...
marino28 Posted March 7, 2014 Share Posted March 7, 2014 sorry at the moment the best not fixed saving account is the maa tai dai from Krung thai, right? Anybody know if is possibile to use that saving account to sucured a credit card? Link to comment Share on other sites More sharing options...
55Jay Posted March 10, 2014 Share Posted March 10, 2014 (edited) Would someone please clarify the Krungsi / BAY 20k interest policy for me. I understand that as an account nears 20,000 baht in interest, you can open another account. Often the bank will contact you about it. What happens if you don't? Thought I read somewhere recently that interest is not calculated and paid on a account that has topped over 20,000 in paid interest. Is that true? Edit to add: I'm talking about the MTD savings acct/instant. Edited March 10, 2014 by 55Jay Link to comment Share on other sites More sharing options...
mania Posted March 10, 2014 Share Posted March 10, 2014 (edited) Would someone please clarify the Krungsi / BAY 20k interest policy for me. I understand that as an account nears 20,000 baht in interest, you can open another account. Often the bank will contact you about it. What happens if you don't? Thought I read somewhere recently that interest is not calculated and paid on a account that has topped over 20,000 in paid interest. Is that true? Edit to add: I'm talking about the MTD savings acct/instant. Not sure I understand your wording but since I have 3 MTD accounts I will say.... The reason to open another is yes as it nears 20k interest earned in a 1 year period the bank will then be obliged by Thai law to withhold tax once that 20k threshold is passed. Of course you could also let it go & later claim it back at end of year. Personally I find it easier to open another account & transfer. Perhaps in teh future this will not be allowed but is for now. I am not sure what you meant/read about interest not being paid when 20k interest exceeded but afaik it is still paid less taxes removed. Same as fully fixed accounts Edited March 10, 2014 by mania Link to comment Share on other sites More sharing options...
55Jay Posted March 10, 2014 Share Posted March 10, 2014 Would someone please clarify the Krungsi / BAY 20k interest policy for me. I understand that as an account nears 20,000 baht in interest, you can open another account. Often the bank will contact you about it. What happens if you don't? Thought I read somewhere recently that interest is not calculated and paid on a account that has topped over 20,000 in paid interest. Is that true? Edit to add: I'm talking about the MTD savings acct/instant. Not sure I understand your wording but since I have 3 MTD accounts I will say.... The reason to open another is yes as it nears 20k interest earned in a 1 year period the bank will then be obliged by Thai law to withhold tax once that 20k threshold is passed. Of course you could also let it go & later claim it back at end of year. Personally I find it easier to open another account & transfer. Perhaps in teh future this will not be allowed but is for now. I am not sure what you meant/read about interest not being paid when 20k interest exceeded but afaik it is still paid less taxes removed. Same as fully fixed accounts Ok, thanks. Link to comment Share on other sites More sharing options...
CMMCB Posted March 11, 2014 Share Posted March 11, 2014 Just opened a fixed rate account with GSB (Omsin). 11 months, 3%pa, no tax. Min deposit Bt.10,000, no max. Can add more after opening but must be at least Bt.1,000 each time. Promotion started on 5th March and should continue for at least a month, if I remember correctly. 1 Link to comment Share on other sites More sharing options...
55Jay Posted March 11, 2014 Share Posted March 11, 2014 Just opened BAY MTD acct today. Now 2.35% as of yesterday. Sent from my GT-I8150 using Thaivisa Connect Thailand mobile app Link to comment Share on other sites More sharing options...
mania Posted March 11, 2014 Share Posted March 11, 2014 Just opened BAY MTD acct today. Now 2.35% as of yesterday. Sent from my GT-I8150 using Thaivisa Connect Thailand mobile app Well it is getting down there now Hmmm I may have to look for a few alternatives. I will miss these accounts though as they are very easy to use & lack taxation + allow 2 withdrawals a month free. Link to comment Share on other sites More sharing options...
mania Posted March 11, 2014 Share Posted March 11, 2014 (edited) Just opened a fixed rate account with GSB (Omsin). 11 months, 3%pa, no tax. Min deposit Bt.10,000, no max. Can add more after opening but must be at least Bt.1,000 each time. Promotion started on 5th March and should continue for at least a month, if I remember correctly. Thanks I just looked at this online ( only in Thai ) http://www.gsb.or.th/products/personal/deposits/special-101years.php but it does agree with all you said Enrollment is March 5th till April 5th Also does say normal person no tax deducted only corporate/juristic persons taxed hmmm may be a usable one then for me. Do you have their online banking? If so how is it? Thanks for the heads up Edited March 11, 2014 by mania Link to comment Share on other sites More sharing options...
CMMCB Posted March 13, 2014 Share Posted March 13, 2014 Sorry for delay in replying, mania. Not used their online banking - do thy even have it? Just opened a fixed rate account with GSB (Omsin).11 months, 3%pa, no tax.Min deposit Bt.10,000, no max. Can add more after opening but must be at least Bt.1,000 each time. Promotion started on 5th March and should continue for at least a month, if I remember correctly. Thanks I just looked at this online ( only in Thai )http://www.gsb.or.th/products/personal/deposits/special-101years.phpbut it does agree with all you saidEnrollment is March 5th till April 5thAlso does say normal person no tax deducted only corporate/juristic persons taxedhmmm may be a usable one then for me. Do you have their online banking? If so how is it?Thanks for the heads up Link to comment Share on other sites More sharing options...
mania Posted March 13, 2014 Share Posted March 13, 2014 Sorry for delay in replying, mania. Not used their online banking - do thy even have it? No problem Seems so CMMCB http://www.gsb.or.th/products/personal/services/internet-banking-en.php Link to comment Share on other sites More sharing options...
chiang mai Posted March 14, 2014 Author Share Posted March 14, 2014 UOB - Eleven months, 2.95% Savings account, no tax deducted, 2.50% Hello, i am very interesting in the saving account of UOB but in the internet site i cannot find any saving account that pay 2,5% http://www.uob.co.th/announcement/deposite-rates/2014/01Mar2014_en.pdf Sometimes you just need to go into a branch and ask them! Link to comment Share on other sites More sharing options...
meatboy Posted March 16, 2014 Share Posted March 16, 2014 UOB - Eleven months, 2.95% Savings account, no tax deducted, 2.50% Hello, i am very interesting in the saving account of UOB but in the internet site i cannot find any saving account that pay 2,5% http://www.uob.co.th/announcement/deposite-rates/2014/01Mar2014_en.pdf Sometimes you just need to go into a branch and ask them! I would go into land and house and see what they have to offer,when the wife opened a fixed acc.15months paying 3.5%tax is deductible which she gets back anyway,but this is what I liked the interest is paid monthly into a savings acc.paying 2% on balances up to 500,000bht and 2.7% over no tax deducted,as we keep our yrly exs.in current accs.instant axcess paying peanuts this suits us fine. Link to comment Share on other sites More sharing options...
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