July 26, 201213 yr Hello! i read long time,here on the board about interest rates,but my acounts on scb and kasikorn, have only 0.75%! at moment only 40000 k bath inside,but i never got higher rates,why,when the interest rates set today again to 3% my banks give me only 0,75% what i must to to changes the acount type,on each bank,and how much does it coasts,does the have also higher interest rates,for daily availibility? everything not easy to follow,because each bank,have to many acont types and offers! thanks for information!
July 26, 201213 yr To get a better interest rate you need what is known as a Fixed Term Deposit. I think Bangkok Bank are offering 3.25% for five months deposit at present (that's 3.25%pa). But I think you need to deposit a little more than 40,000Baht though.
July 27, 201213 yr Higher amount and FIXED TERM to get a better rate. If you touch the money before the term expires you lose the interest. All the banks have these type of accounts and you need to look around for the best deal. Don’t miss the latest headlines from Thailand and around the world. Get the Asean Now Briefing newsletter, delivered daily. Sign up here.
July 27, 201213 yr Goto Krungsri(yellow) Thanachart(Orange) or TMB(red white blue). All have "no--fix" saving accounts earning 2.9 - 3.0%. There is no need to lock the money up.
July 27, 201213 yr Opened an ordinary account at 3% withdraw anytime last week with tanachart-but they would not let mr foreigner do it on my own, even though I have existing savings and fixed term with them. Had to open it in joint name with the mrs, is this racist? Took over 2 hours to open the fixed term one- the usual no have work permit nonsense. Had to take in marriage cert and for a laugh took in wedding photos as well-they photocopied them as well. Branches do seems to have differing policies depending on how bright the manager is.
July 27, 201213 yr Goto Krungsri(yellow) Thanachart(Orange) or TMB(red white blue). All have "no--fix" saving accounts earning 2.9 - 3.0%. There is no need to lock the money up. YEO i use both these accounts
July 27, 201213 yr Opened an ordinary account at 3% withdraw anytime last week with tanachart-but they would not let mr foreigner do it on my own, even though I have existing savings and fixed term with them. Had to open it in joint name with the mrs, is this racist? Took over 2 hours to open the fixed term one- the usual no have work permit nonsense. Had to take in marriage cert and for a laugh took in wedding photos as well-they photocopied them as well. Branches do seems to have differing policies depending on how bright the manager is. Perhaps they dont like you ,i had no problem opening an account in my own name
July 27, 201213 yr Goto Krungsri(yellow) Thanachart(Orange) or TMB(red white blue). All have "no--fix" saving accounts earning 2.9 - 3.0%. There is no need to lock the money up. This website shows much lower rates for these banks. Are these rates still available for easy access? http://www.bot.or.th/english/statistics/financialmarkets/interestrate/_layouts/application/interest_rate/IN_Rate.aspx
July 27, 201213 yr Yes, those are the standard savings account interest rates. Check out the websites for each and you'll see the no-fixed option. The only catch is you can only make 2 free withdrawals per month. If you go over 2, you have to pay a fee. Krungsri and Thanachart pay interest monthly, TMB pays every 6 months. Goto Krungsri(yellow) Thanachart(Orange) or TMB(red white blue). All have "no--fix" saving accounts earning 2.9 - 3.0%. There is no need to lock the money up. This website shows much lower rates for these banks. Are these rates still available for easy access? http://www.bot.or.th...te/IN_Rate.aspx
July 27, 201213 yr I've run into this before and usually you just have to go to another branch, someone will open the account for you. On the other side, this is actually a bit of a blessing. A account individually owned by a foreigner is taxed at 15%, where as the joint account leaves it up to you to claim taxes. If you had opened up your own account the max rate is closer to 2.5% and no its not racist, its the same for all non-citizens. Opened an ordinary account at 3% withdraw anytime last week with tanachart-but they would not let mr foreigner do it on my own, even though I have existing savings and fixed term with them. Had to open it in joint name with the mrs, is this racist? Took over 2 hours to open the fixed term one- the usual no have work permit nonsense. Had to take in marriage cert and for a laugh took in wedding photos as well-they photocopied them as well. Branches do seems to have differing policies depending on how bright the manager is.
July 27, 201213 yr 3% on 40,000 baht is 1200 baht. And that's with no withdrawals. So hardly worth getting one's knickers in a twist over.
July 27, 201213 yr Hello! thanks,for the intesting information! i not want to open a 3. bank acount,when i already habe 2:) please can some one explain me the saving system on my banks scb and kasikorn! how much money i must put inside? to get 3 % 100000 bath or more? closed for a half year? give scb or kasikorn at the moment more interest rates? Check out the websites. It is all online.
July 28, 201213 yr I had a CD at 3.5% with Bangkok Bank. Let it mature then withdrew half of the 400K baht I had in it. Nice interest rate but when I withdrew the money, the bank withheld government taxes on the interest. Sure takes a bite out of the net amount you expected to get from the CD.
July 28, 201213 yr I had a CD at 3.5% with Bangkok Bank. Let it mature then withdrew half of the 400K baht I had in it. Nice interest rate but when I withdrew the money, the bank withheld government taxes on the interest. Sure takes a bite out of the net amount you expected to get from the CD. You can claim back the tax.
July 29, 201213 yr I had a CD at 3.5% with Bangkok Bank. Let it mature then withdrew half of the 400K baht I had in it. Nice interest rate but when I withdrew the money, the bank withheld government taxes on the interest. Sure takes a bite out of the net amount you expected to get from the CD. You can claim back the tax. You can get back the tax with a bit of paperwork. That is if you do not have any other income in Thailand! The first 150000 Baht income is taxfree for individuals and I assume your yearly interest payments are not that high. Even if they are, you only pay 10% tax on the income between 150,000 and 500,000 so the net tax on 500,000 Baht worth of interest would only be 7%...(actually even less as you are allowed deductions etc...) Sent from my GT-I9001 using Thaivisa Connect App
July 30, 201213 yr Saw somthing about Krung Thai Bank giving 4% interest? It was on a banner outside the bank, not sure about the particulars though.
July 30, 201213 yr Likely for a step up account... You leave in funds for varying time frame and the interest starts low and then if you keep it in the whole period, then interest steps up every 3 months with the last 3 months receiving 4% APR
July 30, 201213 yr Yes, those are the standard savings account interest rates. Check out the websites for each and you'll see the no-fixed option. The only catch is you can only make 2 free withdrawals per month. If you go over 2, you have to pay a fee. Krungsri and Thanachart pay interest monthly, TMB pays every 6 months. Goto Krungsri(yellow) Thanachart(Orange) or TMB(red white blue). All have "no--fix" saving accounts earning 2.9 - 3.0%. There is no need to lock the money up. This website shows much lower rates for these banks. Are these rates still available for easy access? http://www.bot.or.th...te/IN_Rate.aspx No good for me, as I make withdrawals 10+ times a month. And before anyone suggests it, no I don't want to take a lump sum out once a month. I'm not going to create hassle for the sake of a few baht.
July 30, 201213 yr Likely for a step up account... You leave in funds for varying time frame and the interest starts low and then if you keep it in the whole period, then interest steps up every 3 months with the last 3 months receiving 4% APR No, it's a standard 22 month fixed deposit that pays 4% p.a., but the promotion ends tomorrow. Sophon
August 1, 201213 yr I bank with the Queensland Country Credit Union (QCCU) I have cash in Table A, 3 to 5 months at 5% I also use the On Line Saver account (S9) and at present get 3.75% daily and can withdraw at any time. Take note of the (*) (**) when reading the interest rate guide at the bottom. I send cash over when the Baht goes up and make a further 10 to 20,000 Baht by watching the Bangkok Bank daily rate . http://www.qccu.com.au/savings-interest-rates Hope this is a help to some TV Members.
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