Bank Interest rates in Thialand

Post by **novo58** » September 2, 2014, 4:54 pm

Can anyone give a heads up as to where you will get the best interest for the 800K needed in a bank account for your retirement visa.

What bank ?

What Term ?

Post by **samuel** » September 2, 2014, 10:47 pm

novo58 wrote:What Term ?

As far as I am concerned, udon thani immigration does not accept fixed accounts with higher interest rates for the extention of the visa.
only normal saving accounts are accepted.

Post by **novo58** » September 5, 2014, 5:13 pm

I will have to remember that . I havent had to ...RENEW.......the visa yet ........................

but they accepted my fixed term deposit when I obtained the visa at Thai embassy in Laos.

Post by **novo58** » September 5, 2014, 5:14 pm

Change that word .....renew ................to extend !!!!!

Post by **bumper** » September 5, 2014, 6:28 pm

You can take advantage of short term rates a long as you have the money in the account you use for immigration 90- days before extending unless something has changed.

Post by **camps** » September 5, 2014, 7:24 pm

Novo58..
extended my retirement visa just 3 months ago using my fixed term (10 month) deposit account at Bangkok Bank.

Post by **davecryan** » September 5, 2014, 8:27 pm

samuel wrote:
novo58 wrote:What Term ?
As far as I am concerned, udon thani immigration does not accept fixed accounts with higher interest rates for the extention of the visa.
only normal saving accounts are accepted.

Sorry......wrong

I have been using Fixed Term Accounts for Retirement Extension for 6 years at least at Nong Khai.

Post by **samuel** » September 5, 2014, 11:27 pm

davecryan wrote:Sorry......wrong
I have been using Fixed Term Accounts for Retirement Extension for 6 years at least at Nong Khai.

As you may have noticed i was referring to myself and to udon thani immigration.
it may be different to you and to nong khai immigration.
no big surprise.

Post by **mathusalah80** » September 6, 2014, 10:20 am

novo58 wrote:Can anyone give a heads up as to where you will get the best interest for the 800K needed in a bank account for your retirement visa.

What bank ?

What Term ?

A member recently wrote, on another thread which I have been unable to trace, that some banks in Udonthani are paying a short term interest rate of 4%. The highest rate I have been quoted is 2%; so would be very grateful for the names, (and the specific Branch offices) of the Bank(s) paying this higher rate.
Thanks.

Post by **Deacz9** » September 6, 2014, 10:22 am

So what Samuel is suggesting is that Nong Khai will accept that money in fixed term acc and Udon does not, is this true??
Can anyone confirm this?

Post by **macca46** » September 6, 2014, 10:29 am

I am getting 2.65% for 6 months at Bangkok Bank head office

Post by **Sakhonnick** » September 6, 2014, 10:33 am

2.8% Bangkok Bank 11 month remember to deduct 15% Tax when doing your calculations

Post by **randerson79** » September 6, 2014, 10:54 am

http://www.bangkokbank.com/BangkokBank/ ... osits.aspx

Post by **Bouph** » September 6, 2014, 1:00 pm

Post by **samuel** » September 6, 2014, 1:51 pm

Deacz9 wrote:So what Samuel is suggesting is that Nong Khai will accept that money in fixed term acc and Udon does not, is this true?? Can anyone confirm this?

Pleas don't misinterpret me.
I wasn't suggesting anything. I only said that in MY case udon thani Immigration did not accept a fixed account for extending my visa (based on marriage).
This does not mean that in other cases they don't accept it too.
TIT as you all know already.
best way > go to UD immi and ask.

Post by **samuel** » September 6, 2014, 1:58 pm

mathusalah80 wrote:....so would be very grateful for the names, (and the specific Branch offices) of the Bank(s) paying this higher rate. Thanks.

i'm getting 3.2% for 14 month at kasikornbank in udon thani (Prajaksinlapacom Road, Maakaeng, Muang, Udon Thani).

but that product does not seem to be available anymore.
check their website for further information and their latest products: LInk

Post by **boes** » September 6, 2014, 3:22 pm

As of yesterday:

Bangkok Bank 12 months : 2.8 %
SCB 14 months: 2.95 % fixed 36 months 3.5 %
Krung Thai 2.35 % max 2 withdrawels/month

15 % withdrawable tax

Post by **mathusalah80** » September 6, 2014, 4:44 pm

My sincere thanks to all those kind members who have responded to my posted enquiry. It appears 12 months probably the best way to go fo any 'spare' money and 2x 4 month terms for the 'immigration' Bt.800,000; the latter starting immeditely after obtaining the annual visa.
Thanks again.

Post by **Bouph** » September 7, 2014, 10:25 am

Post by **Deacz9** » September 7, 2014, 12:07 pm

samuel wrote:
Deacz9 wrote:So what Samuel is suggesting is that Nong Khai will accept that money in fixed term acc and Udon does not, is this true?? Can anyone confirm this?
Pleas don't misinterpret me.
I wasn't suggesting anything. I only said that in MY case udon thani Immigration did not accept a fixed account for extending my visa (based on marriage).
This does not mean that in other cases they don't accept it too.
TIT as you all know already.
best way > go to UD immi and ask.

Sorry Samuel! My fraustrations getting the better of me! At least you give your personal experience rather than hearsay ! This is what we need, not like the rumour mongers on TV website. We need clarity on rules like this, and if they are implemented differently in different areas!
3.5% or whatever you can get on 800k is quite a lot of money to just give to the bank (and it can buy alot of beers

) I thought most? visa renewals, (maybe not retirement??) you have to show the money in an account for 3 months, so 9month fixed is the max in this case?.
Anyone else have personal experience of having gained or refused visa ext with fixed int savings?