Hi all,

I am new to Savings fund in Thailand and would like to know if there's anything available such as flexi bonds/funds which has a higher rate of interest returned and from which I can put in &/or take out money any time I want?

Cheers!

Not sure what you mean by "flexi bonds/funds". Are you looking for a fund where your capital is at risk, or a deposit account where your capital is (at least notionally) safe. If the latter, then Krung Sri's Mee Tae Dai account might be what you're looking for. Reasonably interest rates, 2 free withdrawals a month. Other banks have similar accounts.

https://www.krungsri.com/bank/en/PersonalBanking/DepositProducts/SavingsDeposit/MeeTaeDaiSavings.html

Not sure what you mean by "flexi bonds/funds". Are you looking for a fund where your capital is at risk, or a deposit account where your capital is (at least notionally) safe. If the latter, then Krung Sri's Mee Tae Dai account might be what you're looking for. Reasonably interest rates, 2 free withdrawals a month. Other banks have similar accounts.

https://www.krungsri.com/bank/en/PersonalBanking/DepositProducts/SavingsDeposit/MeeTaeDaiSavings.html

am looking for a deposit account/scheme; no external investment just want to do a fixed deposit every month.

Not sure what you mean by "flexi bonds/funds". Are you looking for a fund where your capital is at risk, or a deposit account where your capital is (at least notionally) safe. If the latter, then Krung Sri's Mee Tae Dai account might be what you're looking for. Reasonably interest rates, 2 free withdrawals a month. Other banks have similar accounts.

https://www.krungsri.com/bank/en/PersonalBanking/DepositProducts/SavingsDeposit/MeeTaeDaiSavings.html

could you tell me which bank could have higher interest rates of return. Thanks

Not sure what you mean by "flexi bonds/funds". Are you looking for a fund where your capital is at risk, or a deposit account where your capital is (at least notionally) safe. If the latter, then Krung Sri's Mee Tae Dai account might be what you're looking for. Reasonably interest rates, 2 free withdrawals a month. Other banks have similar accounts.

https://www.krungsri.com/bank/en/PersonalBanking/DepositProducts/SavingsDeposit/MeeTaeDaiSavings.html

could you tell me which bank could have higher interest rates of return. Thanks

In short, no. You need to check all the irregular period (5 month, 11 month, etc.) fixed deposits to get the best rates. Generally Land & Houses has good rates, but I've found it impossible to open an account with them.

However, for standard periods have a look at:

https://www.bot.or.th/english/statistics/financialmarkets/interestrate/_layouts/application/interest_rate/IN_Rate.aspx

and

http://www.thaibond.com/bond_info/bankrate.aspx

The latter is Thai language only, but goes out to 36 months. The former only goes out to 24 months.

However, I'll reiterate, if you want a simple account with some flexibility and decent rates (in other words, a simple life), Mee Tae Dai fits the bill.

Most of the banks are the same at 1.65% for fixed interest,6 month,12 months.also the goverment only guarantee up to 1 million baht if a bank goes tits up.where ever you bank you won't get nothing like the rate of inflation.thailand isn't the best place to invest/save money and the only reason I have money there is because I'm on the run..R.Biggs.

the goverment only guarantee up to 1 million baht if a bank goes tits up

Not true. Coverage is currently 25 million baht. It might (but probably won't) drop to 1 million in August. See http://www.dpa.or.th/ewt_news.php?nid=320&filename=index___EN

the goverment only guarantee up to 1 million baht if a bank goes tits up

Not true. Coverage is currently 25 million baht. It might (but probably won't) drop to 1 million in August. See http://www.dpa.or.th/ewt_news.php?nid=320&filename=index___EN

It has already been confirmed that it will not drop straight back to 1m and was reported in a TV news item on here - sliding scale of reductions going out to 2020 from memory.

OP may want to reference this thread http://www.thaivisa.com/forum/topic/560837-bank-savings-interest-rates/page-85#entry10718649

the goverment only guarantee up to 1 million baht if a bank goes tits up

Not true. Coverage is currently 25 million baht. It might (but probably won't) drop to 1 million in August. See http://www.dpa.or.th/ewt_news.php?nid=320&filename=index___EN

It has already been confirmed that it will not drop straight back to 1m and was reported in a TV news item on here - sliding scale of reductions going out to 2020 from memory.

OP may want to reference this thread http://www.thaivisa.com/forum/topic/560837-bank-savings-interest-rates/page-85#entry10718649

Sorry Oxx you even posted a thread about it at the time - I thought this was 100% confirmed?

the goverment only guarantee up to 1 million baht if a bank goes tits up

Not true. Coverage is currently 25 million baht. It might (but probably won't) drop to 1 million in August. See http://www.dpa.or.th/ewt_news.php?nid=320&filename=index___EN

It has already been confirmed that it will not drop straight back to 1m and was reported in a TV news item on here - sliding scale of reductions going out to 2020 from memory.

OP may want to reference this thread http://www.thaivisa.com/forum/topic/560837-bank-savings-interest-rates/page-85#entry10718649

Sorry Oxx you even posted a thread about it at the time - I thought this was 100% confirmed?

It appeared so at the time. However, the DPA website, which should be authoritative, shows it dropping to 1 million in August.

Edit: Just checked the corresponding Thai language page on the DPA website. That shows the staged reduction in coverage. So, either they haven't bothered to update the English language version, or the better coverage is only available to Thais.

http://www.dpa.or.th/ewt_news.php?nid=320&filename=index

Edited May 17, 201610 yr by Oxx