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Post by eldivino on Mar 24, 2021 2:10:32 GMT 7
I normally save money a couple of months so I have enough to justify the transfer fees for wiring it back home where I can invest it in ETFs for low fees. I use my normal BBL savings account for that, but was wondering whether there is anything else that I could use to park the money temporarily which may provide at least a tiny bit of interest or exposure to stock market returns? Any ideas or recommendations?
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AyG
Crazy Mango Extraordinaire
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Post by AyG on Mar 24, 2021 7:21:29 GMT 7
If you're using a regular savings account, you can do better with something like Krung Sri's Mee Tae Dai account. Currently pays 1.1% on the first 100,000, 1.0% above that up to 5 million. Two free withdrawals per month permitted. If you open the account online you get 1.5% on the first 100,000. (Not sure whether that's possible for non-Thais. Don't know.) Other banks have similar accounts. For transferring money, have you looked into Deemoney? It may be more cost effective than your current transfer method, making monthly transfers more feasible. www.deemoney.com/ |
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Post by eldivino on Apr 18, 2021 1:00:10 GMT 7
If you're using a regular savings account, you can do better with something like Krung Sri's Mee Tae Dai account. Currently pays 1.1% on the first 100,000, 1.0% above that up to 5 million. Two free withdrawals per month permitted. If you open the account online you get 1.5% on the first 100,000. (Not sure whether that's possible for non-Thais. Don't know.) Other banks have similar accounts. Thanks, I actually have that account. Somehow thought the interest rate had changed downwards. Let me check what their current conditions are. Have to go to the branch anyway. I think I had a look once and AFAIR their f/x rate was so much worse than what BBL gave me it would have overcompensated the lower fees. I also heard some horror stories where people wouldn’t see their money for weeks. Since then I decided to just save money and do 1-2 build transfers every year. |
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