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Santander now 1% - Bangkok Bank 2.80% - Two birds with one stone ?

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The Krungsri Mee tai Dai savings account is an

excellent account,the interest rate is I believe

2.35% at present...and if interest in any one account is kept below 20000PA, then there is no tax to pay.

Amazingly,you can open as many accounts as you like.

Top marks to Krungsri!!!

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  • Immigration wouldn't care...they just confirm you meet the "minimum in the bank amount" for the type of extension you are applying for.

  • All account interest is liable to income tax. There are a few accounts which pay interest gross. These are clearly identified in the promotional literature. This isn't one of them, and tax at 15% will

  • This shows '' Tax free interest ( not exceeding 20,000 Baht per annum ) http://www.ghbank.co.th/en/services_loan_detail.php?cms_id=63&cms_cate_id=6&parent=services_loan.php?cms_cate_id=6

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Depending on your circumstances you could get a much better rate than 1% onshore. Even offshore for that matter.

The OP is non resident - onshore is nearly impossible to open. Can't find any offshore that are 'much better'.

It isn't impossible at all; it just requires some effort. I have many onshore accounts yet haven't been resident in the UK for nearly 40 years.

Offshore 1.45% is possible (Nationwide) and I would say that a 45% increase is "much better". Historically still a very low rate, admittedly.

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