Interest Rates are going down soon me thinks

[elgordo38]

I just returned from a branch of Bangkok Bank and could no longer invest in the 15 month term deposit at 3.25% it has been withdrawn. The only available term deposits were 5 and 10 month. Looking through the net they seem to have the best term rate available. Because of the problems in the Thai economy and political arena I think the central bank will be on a credit loosening course for the foreseeable future. Soo get out and put your money to work now as it will earn less in the months to come. The lowering of rates will just entice people now overloaded with debt to pile on some more. If your a saver like me well its the short end of the stick for us. I heard that rates may drop yet again on January 22

[longstebe]

I also just missed out on the 15 month fixed term @ 3.25%. I think its 10 months @ 2.875%.

Sent from my GT-I9505 using Thaivisa Connect Thailand mobile app

[Jack Mountain]

In the interest forum there is a discussion abt an interesting offer of the LH Bank. 3.6% for 15 months fixed. interest payment monthly.

http://www.thaivisa.com/forum/topic/560837-bank-savings-interest-rates/page-40