dinga
Crazy Mango
Posts: 24 
Likes: 8
|
Post by dinga on May 5, 2020 8:47:45 GMT 7
I have a USD$60k Term Deposit that matures in 3 weeks. Appreciate advice about where to go in Thailand or elsewhere for the best current interest rates for 3mths; 6 mths; 9 mths and 12 mths TDs.
Tks
|
|
AyG
Crazy Mango Extraordinaire
Posts: 5,871
Likes: 4,555
|
Post by AyG on May 5, 2020 9:14:38 GMT 7
Regionally, your best bet would probably be Cambodia or Laos. Cambodia Public Bank gives 3.25% for a 12 month fixed deposit. ACLEDA offers 4.5% for the same term. If you're prepared to lock your money up for longer, rates go up to 6.5% with ACLEDA.
Laos has less choice, but rates are also good. 5.25% for 12 months at Pongsavanh Bank.
|
|
me
Crazy Mango Extraordinaire
Posts: 6,342
Likes: 3,980
|
Post by me on May 5, 2020 9:59:48 GMT 7
I have a USD$60k Term Deposit that matures in 3 weeks. Appreciate advice about where to go in Thailand or elsewhere for the best current interest rates for 3mths; 6 mths; 9 mths and 12 mths TDs. Tks You can give it to me to look after if you like. |
|
dinga
Crazy Mango
Posts: 24
Likes: 8
|
Post by dinga on May 5, 2020 20:13:40 GMT 7
Regionally, your best bet would probably be Cambodia or Laos. Cambodia Public Bank gives 3.25% for a 12 month fixed deposit. ACLEDA offers 4.5% for the same term. If you're prepared to lock your money up for longer, rates go up to 6.5% with ACLEDA. Laos has less choice, but rates are also good. 5.25% for 12 months at Pongsavanh Bank. Thanks - rates are clearly better than what's available in Thailand - which I assume is due to the risks those banks could go belly-up. Is this so??? Also, can TD accounts in Cambodia & Laos be set up from outside those countries, or is a trip there req'd? (out of the question now...) Any idea of the highest rates available here? |
|
AyG
Crazy Mango Extraordinaire
Posts: 5,871
Likes: 4,555
|
Post by AyG on May 5, 2020 21:09:28 GMT 7
Yes, the banks may go belly up. AFAIK, there's also no government-backed guarantee to safeguard deposits.
As for your other questions, I don't know.
|
|
|
|
Post by rgs2001uk on May 5, 2020 21:18:35 GMT 7
Yes, the banks may go belly up. AFAIK, there's also no government-backed guarantee to safeguard deposits. As for your other questions, I don't know. Not mentioned, exchange rates, why pump your money into something giving 15%, but is losing 20% pa on exchange rates. |
|
AyG
Crazy Mango Extraordinaire
Posts: 5,871
Likes: 4,555
|
Post by AyG on May 6, 2020 6:25:04 GMT 7
^^^ Not sure that's relevant here since we're talking here about USD deposits. For the moment the dollar remains the world's reserve currency.
|
|
dinga
Crazy Mango
Posts: 24
Likes: 8
|
Post by dinga on May 6, 2020 8:15:18 GMT 7
Yes, the banks may go belly up. AFAIK, there's also no government-backed guarantee to safeguard deposits. As for your other questions, I don't know. Thanks - had a quick look at the nominated banks. Immediate impression from a very cursory consult with Prof. Google is the Cambodian Banks seem more secure - with major international shareholders (Cambodia Public Bank = Malaysian; ACLEDA = Japanese). BUT looks like accounts only possible for those with (at least some) Cambodian roots - which draws a line through me. |
|
