Siam Commercial Bank (Fun book savings account)

[Davemcdavidjnr]

I was in my local branch of SCB the other day talking to the bank mgr about investment opportunities, he said to me about an investment account called "Fun book" he only showed me an SMS on his telephone and said there was no tax to pay and very good interest rates, he also said that many Thais had such an account. My question is, has anybody on TV heard of an account called fun book as I cannot find any details on the SCB website, I am just trying to make sure that I am not being taken for a ride.

Any help appreciated.

[Upnotover]

Perhaps he meant "Fund" ?

[SamuiRes]

Yes it is a Fund Book. I have one and so do some of my Clients.

[infinity11]

You might get a tad better interest than the low one in savings but still nothing to cheer about?

[likewise]

Yes it is a Fund Book. I have one and so do some of my Clients.

Elaborate please. How does it work, fees/returns/minimum investment....? Thanks

[Davemcdavidjnr]

Yes it is a Fund Book. I have one and so do some of my Clients.

Hello SamuiRes,

Can you please give me more information, can you tell me what rate you are getting, also do you pay any tax on the account and how safe is it.

Thank you.