Tisco bank

[RebelRed]

I am looking to invest in a fixed term deposit for 6 months and it was grim reading to see the low rates on offer. The best I could see was 1.65% from Thanachart bank!! Then I spotted a rate from a bank I had not heard from before, Tisco bank. They are quoting 2.35 for 6 months.

My question is, is Tisco a commercial bank, that can accept deposits from personal savers like myself?

Thanks in advance

[CharlieH]

Tisco as far as I know generally does financce for car purchases. Its possible that like Kiatnakin they have moved into personal banking.

[Spoonman]

Ohh look. First hit on a google search for "Tisco".

http://www.tisco.co.th/en/index.html

[chiang mai]

Tisco does have a retail banking license, they have assets of around USD 3.6 bill., no reason why the OP shouldn't open an account with them.

[falang07]

they give 2.65% for 8 months in Thanachart

[falang07]

and 2.15% for 4 months

[falang07]

and there is a 3-month taxfree account for 2.5% in the Islamic Bank