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Post by Fletchsmile on Jul 16, 2015 11:36:37 GMT 7
Just had a quick scan of rates, as I won't have access to my usual sources for a couple of weeks after tomorrow Rates look similar to the last post above. One addition is BAY seems to have accounts for 24M @ 2.15% and 36M @ 2.3% accounts which seem to be for childrens' savings. Cheers Fletch
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Post by Fletchsmile on Aug 7, 2015 15:56:22 GMT 7
Quick scan of rates at start of August: Rates haven't moved much. As usual worth shopping around for the promos, like below, instead of their standard rates. (Rates are indicative only, nothing to do with us and may be changed by the time you get there ) TMB - Up to 2.75% on "Dream Savings Acc". You need to set an automatic saving schedule of between 500 - 25,000 baht a month for this account (so not big amounts), and you get the special rate up to 2.75%. You can transfer back to other accounts any time without penalty or costs. - 2.55% including 0.55% bonus on "ME" branded accounts which are online only and for now available to Thais only for those of who trust our Thai other halves To get the bonus you need to increase your balance each month. Although a variable rate, it has historically been competitive - 2.0% including a 0.5% bonus on "No Fixed" account. To get the bonus you need to ensure your average balance increases compared to the previous month. Although a variable rate, it has historically been competitive - 9M "Exclusive TD" down to 2.25% - 12M "Reward" TD down to 2.25% - 12M "quick deposit" at 2.1% with interest payable up front, which existing customers can do online Tanachart (T-Bank) - Promotions for 24 M of 2.35% - 2.65% Stan Chart - 2.0 % on their online only no frills eSaver. Has been consistently a competitive rate for several years now. It's an instant access online access so you would probably need to run another account alongside it if you want an ATM etc - Latest Marathon series III, which is tiered, closed 31 May. Restricted to 2 withdrawals a month now averages only 2%. This is comparable to BAY's mee tae dii. Likely to open the next series in September KBank - 2.25% on 24m TD looks their best. Taweesup account not that great now KTB - still promotions of - 24M TD still @ 2.7% - 36M TD @ 2.95% CIMB - 2.15% on 12 M They've a tendency to attach conditions to some of their special accounts, linking them to a need to open others so bear that in mind Government Savings Bank (Omsin) - 8/9M TD with around 1.93% - 24M TD 2.5% BAY Up to 1.85% on their Mee Tae Dee account which has historically been good. Balance between 100k and 10mio. Below 100k or above 10mio drops to 0.6% BBL 24 M @ 2.25% 36M @ 2.5% Unusually competitive for BBL SCB 24 M "Smart Kid" @ 1.95% Cheers Fletch {Edit: Don't forget that after 11 August 2015 deposit protection drops to THB 25mio. It's scheduled to drop to THb 1mio from August 2016. While this may not happen, bear it in mind if taking out fixed/term deposits over one year, as the maturity's could be guaranteed at much lower levels than when you took them out}
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Post by Fletchsmile on Aug 20, 2015 15:25:13 GMT 7
Update 20 August
Not a lot of changes to the above post and rates haven't moved much. UOB have introduced some promotional accounts for 24m and 36m up at 2.5%. Need to check the T&C
Kiatnakin (KK) have a promotional rate for 50 months @ 2.55%
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Post by Fletchsmile on Sept 7, 2015 9:39:10 GMT 7
Rates at start of September haven't moved much. Worth shopping around for the promos, like below, instead of their standard rates. (Rates are indicative only, nothing to do with us and may be changed by the time you get there ) TMB - Up to 2.75% on "Dream Savings Acc". You need to set an automatic saving schedule of between 500 - 25,000 baht a month for this account (so not big amounts), and you get the special rate up to 2.75%. You can transfer back to other accounts any time without penalty or costs. - 2.55% including 0.55% bonus on "ME" branded accounts which are online only and for now available to Thais only / your trusted Thai spouse/partner. To get the bonus you need to increase your balance each month. Although a variable rate, it has historically been competitive - 2.0% including a 0.5% bonus on "No Fixed" account. To get the bonus you need to ensure your average balance increases compared to the previous month. Although a variable rate, it has historically been competitive - 9M "Exclusive TD" down to 2.25% - 12M "Reward" TD down to 2.25% - 12M "quick deposit" at 2.1% with interest payable up front, which existing customers can do online Tanachart (T-Bank) - Promotions for 24 M of 2.35% - 2.65% Stan Chart - 2.5% on Just One account for deposits of 0 - 100,000 only. So small balances only may also be useful for kids. - 2.0 % on their online only no frills eSaver. Has been consistently a competitive rate for several years now. It's an instant access online access so you would probably need to run another account alongside it if you want an ATM etc - 1.85% average on new Marathon Savings 13 series I. Tiered rate 1.55% - 3% over 6 months open from September. Restricted to 2 withdrawals and THB 200k+ to get best rates. This is comparable to BAY's mee tae dii. KBank - 2.25% on 24m TD looks their best. Taweesup account not that great now KTB - 24M TD @ 2.7% - 36M TD @ 2.95% CIMB - 2.15% on 12 M They've a tendency to attach conditions to some of their special accounts, linking them to a need to open others so bear that in mind Government Savings Bank (Omsin) - 8/9M TD with around 1.93% - 24M TD 2.5% BAY Up to 1.85% on their Mee Tae Dee account which has historically been good. Balance between 100k and 10mio. Below 100k or above 10mio drops to 0.6% BBL 24 M @ 2.25% 36M @ 2.5% Unusually competitive for BBL SCB 24 M "Smart Kid" @ 1.95% UOB 2.6% to 2.8% on 6-12M Fixed Deposits with monthly interest payments. Balances > 50k. Check T&C Cheers Fletch {Edit: Don't forget that after 11 August 2015 deposit protection drops to THB 25mio. It's scheduled to drop to THb 1mio from August 2016. While this may not happen, bear it in mind if taking out fixed/term deposits over one year, as the maturity's could be guaranteed at much lower levels than when you took them out}
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Post by Fletchsmile on Oct 2, 2015 15:41:48 GMT 7
Quick scan at the start of October and not much movement. Worth shopping around for the promos, like below, instead of their standard rates. (Rates are indicative only, nothing to do with us and may be changed by the time you get there } Most of the best rates are 2%+ TMB - Up to 2.75% on "Dream Savings Acc". You need to set an automatic saving schedule of between 500 - 25,000 baht a month for this account (so not big amounts), and you get the special rate up to 2.75%. You can transfer back to other accounts any time without penalty or costs. - 2.55% including 0.55% bonus on "ME" branded accounts which are online only and for now available to Thais only / your trusted Thai spouse/partner. To get the bonus you need to increase your balance each month. Although a variable rate, it has historically been competitive. One nice feature of the account is it shows how much accrued interest you have to date so you know how much to be expecting when payment is made. - 2.0% including a 0.5% bonus on "No Fixed" account. To get the bonus you need to ensure your average balance increases compared to the previous month. Although a variable rate, it has historically been competitive - 2.375% average rate on their Up and Up account, a tiered account with 4% being the final rate - 9M "Exclusive TD" down to 2.05% - 12M "Reward" TD still at 2.25% - 12M "quick deposit" down slightly to 2.05% with interest payable up front, which existing customers can do online Tanachart (T-Bank) - Promotions for 24 M of 2.35% - 2.65% Stan Chart - 2.5% on Just One account for deposits of 0 - 100,000 only. So small balances only may also be useful for kids. - 2.0 % on their online only no frills eSaver. Has been consistently a competitive rate for several years now. It's an instant access online access so you would probably need to run another account alongside it if you want an ATM etc - 1.85% average on new Marathon Savings 13 series I. Tiered rate 1.55% - 3% over 6 months open from September. Restricted to 2 withdrawals and THB 200k+ to get best rates. This is comparable to BAY's mee tae dii but bit better rate at the moment and for periods of 6m at a time although you just take out the next series when it's due. KBank - 2.25% on 24m TD looks their best. - Super Taweesup 2.5% - 2.9% on 24M KTB - 24M TD @ 2.7% - 36M TD @ 2.95% CIMB - 2.15% on 12 M They've a tendency to attach conditions to some of their special accounts, linking them to a need to open others so bear that in mind Government Savings Bank (Omsin) - 24M TD 2.5% BAY Up to 1.85% on their Mee Tae Dee account which has historically been good. Balance between 100k and 10mio. Below 100k or above 10mio drops to 0.6% BBL 24 M @ 2.25% 36M @ 2.5% Unusually competitive for BBL SCB 24 M "Smart Kid" @ 1.95% UOB 2.6% to 2.8% on 6-12M Fixed Deposits with monthly interest payments. Balances > 50k. Check T&C Cheers Fletch {BTW: Don't forget that after 11 August 2015 deposit protection drops to THB 25mio. It's scheduled to drop to THB 1mio from August 2016. While this may not happen, bear it in mind if taking out fixed/term deposits over one year, as the maturity's could be guaranteed at much lower levels than when you took them out}
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AyG
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Post by AyG on Oct 3, 2015 7:45:37 GMT 7
Quick scan at the start of October and not much movement. {BTW: Don't forget that after 11 August 2015 deposit protection drops to THB 25mio.} I presume that the protection did actually drop back in August, though there wasn't too much fanfare at the actual time. I (and others) had expected that this would lead to a rise in deposit interest rates to compensate for the reduced protection/higher risk. It appears this hasn't happened. Nothing like free market forces.
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Post by Fletchsmile on Oct 3, 2015 10:40:20 GMT 7
Quick scan at the start of October and not much movement. {BTW: Don't forget that after 11 August 2015 deposit protection drops to THB 25mio.} I presume that the protection did actually drop back in August, though there wasn't too much fanfare at the actual time. I (and others) had expected that this would lead to a rise in deposit interest rates to compensate for the reduced protection/higher risk. It appears this hasn't happened. Nothing like free market forces. Yes you're right it did go ahead. Banks did some customer awareness like publishing leaflets but it went through without much fanfare. They also had to submit DPA plans of their strategies to cope with anticipated changes. The impact of the drop to THB 25 mn was minimal. Customers most affected would be with deposits of THB 25 mn to THB 50mn, and by value they make up only something like 5% by of deposits (ball park). Those above THB 50mn were already not fully protected and those below THB 25mio won't be impacted much until the next downwards movement in threshold, although they should factor that into fixed deposits / TDs they take out and when they mature. I prefer market forces kicking in THB 25mn is too high. IF it gets to THB 1mn that would force below to think more which is healthy. Although THB 1mn feels a bit low.
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chiangmai
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Post by chiangmai on Oct 12, 2015 16:19:16 GMT 7
Just wanted to say hi and to let you know that I'll be posting interest rate information here (rather than at that place down the street), as and when I come across it.
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scooter
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Post by scooter on Oct 13, 2015 11:04:51 GMT 7
Yeah, well - Fletch just turned me on to this place, so now I've finally arrived. Heh! 'The place down the road' (as it seems to be called) is getting a bit canky (or maybe even 'cranky') these days - and it's always good to expand one's horizons, eh. So, a big welcome to me - thanks Fletch - and I'll try to keep on track, in future. The Scooter
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Post by Fletchsmile on Oct 13, 2015 11:23:46 GMT 7
Yeah, well - Fletch just turned me on to this place, so now I've finally arrived. Heh! 'The place down the road' (as it seems to be called) is getting a bit canky (or maybe even 'cranky') these days - and it's always good to expand one's horizons, eh. So, a big welcome to me - thanks Fletch - and I'll try to keep on track, in future. The Scooter Welcome mate. Look forward to hearing more from you.
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Post by Fletchsmile on Oct 16, 2015 15:10:32 GMT 7
Quick scan mid-October and not much movement. Worth shopping around for the promos, like below, instead of their standard rates. (Rates are indicative only, nothing to do with us and may be changed by the time you get there } Most of the best rates are 2%+ TMB - Up to 2.75% on "Dream Savings Acc". You need to set an automatic saving schedule of between 500 - 25,000 baht a month for this account (so not big amounts), and you get the special rate up to 2.75%. You can transfer back to other accounts any time without penalty or costs. - 2.55% including 0.55% bonus on "ME" branded accounts which are online only and for now available to Thais only / your trusted Thai spouse/partner. To get the bonus you need to increase your balance each month. Although a variable rate, it has historically been competitive. One nice feature of the account is it shows how much accrued interest you have to date so you know how much to be expecting when payment is made. - 2.0% including a 0.5% bonus on "No Fixed" account. To get the bonus you need to ensure your average balance increases compared to the previous month. Although a variable rate, it has historically been competitive - 2.375% average rate on their Up and Up account, a tiered account with 4% being the final rate - 9M "Exclusive TD" down to 2.05% - 12M "Reward" TD still at 2.25% - 12M "quick deposit" down slightly to 2.05% with interest payable up front, which existing customers can do online Tanachart (T-Bank) - Promotions for 24 M of 2.35% - 2.65% Stan Chart - 2.5% on Just One account for deposits of 0 - 100,000 only. So small balances only may also be useful for kids. Above 100k it drops significant to only 1% - 2.0 % on their online only no frills eSaver. Has been consistently a competitive rate for several years now. It's an instant access online access so you would probably need to run another account alongside it if you want an ATM etc - 1.85% average on new Marathon Savings 13 series I. Tiered rate 1.55% - 3% over 6 months open from September. Restricted to 2 withdrawals and THB 200k+ to get best rates. This is comparable to BAY's mee tae dii but bit better rate at the moment and for periods of 6m at a time although you just take out the next series when it's due. KBank - 2.25% on 24m Taweesup - Super Taweesup 2.5% - 2.9% on 24M. Would need to check T&C for the difference KTB - 24M TD @ 2.7% - 36M TD @ 2.95% CIMB - 2.15% on 12 M - Up to 1.8% on their speed saving account for balances > THB 1mn They've a tendency to attach conditions to some of their special accounts, linking them to a need to open others so bear that in mind Government Savings Bank (Omsin) - 24M TD 2.5% BAY Up to 1.8% on their Mee Tae Dee account which has historically been good, but less so in recent months. Balance between 100k and 10mio. Below 100k or above 10mio drops to only 0.6% BBL 24 M @ 2.25% SCB 24 M "Smart Kid" @ 1.7% - used to be 1.95%. I guess they're assuming the kids won't be smart enough to notice or care about the cut UOB .. Cheers Fletch {BTW: Don't forget that after 11 August 2015 deposit protection drops to THB 25mio. It's scheduled to drop to THB 1mio from August 2016. While this may not happen, bear it in mind if taking out fixed/term deposits over one year, as the maturity's could be guaranteed at much lower levels than when you took them out}
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siampolee
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Post by siampolee on Oct 16, 2015 15:15:26 GMT 7
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Post by Fletchsmile on Nov 3, 2015 15:03:23 GMT 7
Quick scan early November. Not much movement - generally slightly downwards if any move. Worth shopping around for the promos, like below, instead of their standard rates. (Rates are indicative only, and may have changed by the time you get there } Most of the best rates are 2%+ TMB - Up to 2.75% on "Dream Savings Acc". You need to set an automatic saving schedule of between 500 - 25,000 baht a month for this account (so not big amounts), and you get the special rate up to 2.75%. You can transfer back to other accounts any time without penalty or costs. - 2.55% including 0.55% bonus on "ME" branded accounts which are online only and for now available to Thais only / your trusted Thai spouse/partner. To get the bonus you need to increase your balance each month. Although a variable rate, it has historically been competitive. One nice feature of the account is it shows how much accrued interest you have to date so you know how much to be expecting when payment is made. - 2.0% including a 0.5% bonus on "No Fixed" account. To get the bonus you need to ensure your average balance increases compared to the previous month. Although a variable rate, it has historically been competitive - 2.375% average rate on their Up and Up account, a tiered account with 4% being the final rate - 9M "Exclusive TD" down to 1.95% (from 2.05%) - 12M "Reward" TD down to 2.15% (from 2.25%) - 12M "quick deposit" down to 1.95% (from 2.05% with interest payable up front, which existing customers can do online) Tanachart (T-Bank) - Promotions for 24 M of 2.35% - 2.65% Stan Chart - 2.5% on Just One account for deposits of 0 - 100,000 only. So small balances only may also be useful for kids. Above 100k it drops significantly to only 1% - 2.0 % on their online only no frills eSaver. Has been consistently a competitive rate for several years now. It's an instant access online access so you would probably need to run another account alongside it if you want an ATM etc - 1.85% average on new Marathon Savings 13 series III. Tiered rate 1.55% - 3% over 6 months open from 1 Nov - 30 Nov. Restricted to 2 withdrawals and THB 200k+ to get best rates. This is comparable to BAY's mee tae dii but better rate at the moment and for periods of 6m at a time, although you just take out the next series when it's due. KBank - 2.25% on 24m Taweesup - Super Taweesup 2.5% - 2.9% on 24M. Would need to check T&C for the difference KTB - 24M TD @ 2.7% - 36M TD @ 2.95% CIMB - 2.15% on 12 M - Up to 1.8% on their speed saving account for balances > THB 1mn They've a tendency to attach conditions to some of their special accounts, linking them to a need to open others so bear that in mind Government Savings Bank (Omsin) - 24M TD 2.5% BAY Up to 1.8% on their Mee Tae Dee account which has historically been good, but less so in recent months. Balance between 100k and 10mio. Below 100k or above 10mio drops to only 0.6% BBL 24 M @ 2.25% SCB 24 M "Smart Kid" @ 1.7% - used to be 1.95%. I guess they're assuming the kids won't be smart enough to notice or care about the cut UOB .. Cheers Fletch {BTW: Don't forget that after 11 August 2015 deposit protection drops to THB 25mio. It's scheduled to drop to THB 1mio from August 2016. While this may not happen, bear it in mind if taking out fixed/term deposits over one year, as the maturity's could be guaranteed at much lower levels than when you took them out}
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scooter
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Post by scooter on Nov 10, 2015 15:23:06 GMT 7
For your pleasure - Government Saving Bank - GSB Aomsin - are now offering the following - 5 years fixed term - 1 Deposit payment (their so-called "5 tab 1 account") Age limit : 7 - 60 years old Deposit : Minimum 50K Baht or more, only by multiples of 10K Baht (i.e. 60K, 70K, 80K....etc) Maximum 5M Baht Interest : Paid yearly to a Current Account. 3% after year 1, 3% after year 2, 3% after year 3, 3% after year 4, Deposit repaid after year 5 (no interest). All interest is Tax-free. ( Note : Average interest for the 5 year period : 2.40%)To perhaps 'sweeten' the deal, there is a small perk. Life Insurance for the 5 year period is issued free, at 105% of the Deposit sum. If you croak along the way, your named benefactor gets your deposited amount + 5%, so don't tell the wife.... The product is just now available, so maybe there are no proper materials or pamphlets at your branch, as yet. I believe this offer expires 30th November 2015 OR before, if investments are overwhelming...... Still, there was some confusion about this at my branch - in other words, they didn't know for sure.... Me, I think I'll skip this one. The above average rate could be considered as quite ok, considering that the present rates are quite low. However, I'm hoping that rates will improve in the course of the next 2 years - and a 5 year period is a long time to tie up a chunk of cash. I was originally interested in the product, as I already have several "similar" products from a while ago - but at (thankfully) somewhat higher rates. It's a real good deal if you're just wanting a steady return of some sort on your spare cash - and not interested in the fluctuating interest rates. Cheers - and Happy Investing! :BB
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chiangmai
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Post by chiangmai on Dec 1, 2015 16:25:46 GMT 7
I paid a quick visit to my branch of CIMB where they tell me I'm a Preferred Customer! They also told me I had a choice of two fixed term products, 1.65% for 6 months or 2.21% for nine months. Hmm, difficult choice I said, I think I'll take the 2.21% I said.
Ah I'm sorry she said, that's for Thai people only, do you have a Thai ID or a blue Tabien Bahn she asked!! You know I don't but I do have a chanotte with my name on it (the back) and I am a Preferred Customer. Cannot she said.
Well in that case I think I'll take that money in cash I said and I'll go and put it into my UOB account, they don't seem to care whether I'm Thai or not. BTW expect me to do the very same thing with each of the six remaining time deposits in my account, unless you change your story on this. Big smile from her, big smile from me.
Personally I think we should boycott banks with policies such as these.
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