JoePai Posted June 11, 2012 Share Posted June 11, 2012 Opened one this morning in Jomtien. Efficient and painless. The cashier seemed concerned that I didn't have a work permit until she saw my retirement extension stamp, at which point she cheered up visibly. Somehow I don't think they will open accounts for anyone who doesn't have a long visa, though I may be wrong. Bright yellow passbook to add to my collection. Sorry to be a pain, but you have 3.2% on the "4-months Special Time Deposit Account" ? Link to comment Share on other sites More sharing options...
Darrel Posted June 11, 2012 Share Posted June 11, 2012 Sorry to be a pain, but you have 3.2% on the "4-months Special Time Deposit Account" ? No, I opened the 2.9% instant access account. Sorry if I wasn't clear. Link to comment Share on other sites More sharing options...
flying Posted June 11, 2012 Share Posted June 11, 2012 Sorry to be a pain, but you have 3.2% on the "4-months Special Time Deposit Account" ? No, I opened the 2.9% instant access account. Sorry if I wasn't clear. Did the same today with the 2.9% painless ( am also on a non Imm visa ) Link to comment Share on other sites More sharing options...
flying Posted June 11, 2012 Share Posted June 11, 2012 Aren't those 4 month rates for 2011 ?? Would have to double check but.....the pdf is the most recent from their site & dated June 1st 2012 From the pdf.... Bank of Ayudhya Public Company LimitedRe: Interest Rates for Deposit Accounts Effective from 5 June 2012 Yes, the pdf is dated June 5, 2012 on the top-opening page. But scroll down to the 4 month specials "4-months Special Time Deposit Account Account opening from 2 Aug - 11 Aug 2011 (4 Months#3)" ..... It is the same with the 10 month rates. You are correct & when I asked about it today the man said 5 months & you had to pay a fee? for 3.2 but I did not investigate further because the simple 2.9% seems easy for now. Link to comment Share on other sites More sharing options...
Naam Posted June 11, 2012 Share Posted June 11, 2012 Did the same today with the 2.9% painless ( am also on a non Imm visa ) what does the fine print say? 2.9% valid till end of this month? extendable only for those of age 80 and above accompanied by biological mother and father? Link to comment Share on other sites More sharing options...
flying Posted June 11, 2012 Share Posted June 11, 2012 Did the same today with the 2.9% painless ( am also on a non Imm visa ) what does the fine print say? 2.9% valid till end of this month? extendable only for those of age 80 and above accompanied by biological mother and father? Well as you probably know the fine print is definitely lacking on this deal But that is ok as a temporary parking for expense funds here. Due to the lack of restrictions on withdrawals ...one can keep an eye on the account as it has online access. If they monkey about with the interest too much easy enough to again online transfer to one of the others. Sure beats the 0.25% in the US Link to comment Share on other sites More sharing options...
Darrel Posted June 11, 2012 Share Posted June 11, 2012 what does the fine print say? 2.9% valid till end of this month? It says nothing so it could last a week or a hundred years or anywhere in between. As mentioned in a previous post, I expect them to decrease the rate at some point just as TMB have done. Link to comment Share on other sites More sharing options...
how241 Posted June 11, 2012 Share Posted June 11, 2012 The 2.9% is a Good deal now. I opened one a few days ago at the Central Mall. It was quick and easy. Remember, you need to keep over 100K to earn the 2.9% or you only get 1%. Link to comment Share on other sites More sharing options...
flying Posted June 11, 2012 Share Posted June 11, 2012 Since this allows withdrawals I wonder if it could be used for Visa requirements? Link to comment Share on other sites More sharing options...
how241 Posted June 11, 2012 Share Posted June 11, 2012 what does the fine print say? 2.9% valid till end of this month? It says nothing so it could last a week or a hundred years or anywhere in between. As mentioned in a previous post, I expect them to decrease the rate at some point just as TMB have done. The staff told me they expect the rate to remain until next year. If general interest rates go up it will remain. If rates fall, it will fall too. Link to comment Share on other sites More sharing options...
how241 Posted June 11, 2012 Share Posted June 11, 2012 Since this allows withdrawals I wonder if it could be used for Visa requirements? For sure, there should be no problems using this acct. for the visa requirements. Link to comment Share on other sites More sharing options...
how241 Posted June 11, 2012 Share Posted June 11, 2012 Did the same today with the 2.9% painless ( am also on a non Imm visa ) what does the fine print say? 2.9% valid till end of this month? extendable only for those of age 80 and above accompanied by biological mother and father? Well as you probably know the fine print is definitely lacking on this deal But that is ok as a temporary parking for expense funds here. Due to the lack of restrictions on withdrawals ...one can keep an eye on the account as it has online access. If they monkey about with the interest too much easy enough to again online transfer to one of the others. Sure beats the 0.25% in the US True, not a lot of fine print. The rates in the USA are a joke. 1% or less in most cases. Link to comment Share on other sites More sharing options...
12DrinkMore Posted June 11, 2012 Share Posted June 11, 2012 True, not a lot of fine print. The rates in the USA are a joke. 1% or less in most cases. Don't worry, the Bernank has a lever for that. It's the Financial Repression lever. And its a BIG lever. Effective negative rates after inflation up your street right today, tomorrow and for the next decade. Link to comment Share on other sites More sharing options...
how241 Posted June 11, 2012 Share Posted June 11, 2012 True, not a lot of fine print. The rates in the USA are a joke. 1% or less in most cases. Don't worry, the Bernank has a lever for that. It's the Financial Repression lever. And its a BIG lever. Effective negative rates after inflation up your street right today, tomorrow and for the next decade. Sad thought, but True. Link to comment Share on other sites More sharing options...
yoshiwara Posted June 11, 2012 Share Posted June 11, 2012 Did the same today with the 2.9% painless ( am also on a non Imm visa ) what does the fine print say? 2.9% valid till end of this month? extendable only for those of age 80 and above accompanied by biological mother and father? Well as you probably know the fine print is definitely lacking on this deal But that is ok as a temporary parking for expense funds here. Due to the lack of restrictions on withdrawals ...one can keep an eye on the account as it has online access. If they monkey about with the interest too much easy enough to again online transfer to one of the others. Sure beats the 0.25% in the US True, not a lot of fine print. The rates in the USA are a joke. 1% or less in most cases. Then save in a currency with a higher interest rate. Link to comment Share on other sites More sharing options...
how241 Posted June 11, 2012 Share Posted June 11, 2012 "Then save in a currency with a higher interest rate." Yes, of course I do. Link to comment Share on other sites More sharing options...
yoshiwara Posted June 12, 2012 Share Posted June 12, 2012 "Then save in a currency with a higher interest rate." Yes, of course I do. ...and that would be? Link to comment Share on other sites More sharing options...
how241 Posted June 12, 2012 Share Posted June 12, 2012 "Then save in a currency with a higher interest rate." Yes, of course I do. ...and that would be? "BAY has an instant access account that pays 2.9% where the interest is calculated/accrued daily and posted to the account monthly, limit two withdrawls per month, looks like a hard to beat winner to me."I agree that 2.9% Liquid Gov't protected account is a Winner. Link to comment Share on other sites More sharing options...
BeachBrian Posted June 12, 2012 Share Posted June 12, 2012 It's worth noting that Oanda currently pays 4.3% on USD/THB ($1 minimum trade size). Their THB interest rate is 4.8% less 0.5% to borrow USD. Higher rate than Thai banks with much less hassle/risk (Oanda is the largest retail forex broker in the world). Link to comment Share on other sites More sharing options...
chiang mai Posted June 12, 2012 Author Share Posted June 12, 2012 Would it not be a good idea to have a pinned thread where folks can post bank interest rates/products as they find them, a thread without the debate of course, Mods? Link to comment Share on other sites More sharing options...
Naam Posted June 13, 2012 Share Posted June 13, 2012 It's worth noting that Oanda currently pays 4.3% on USD/THB ($1 minimum trade size). Their THB interest rate is 4.8% less 0.5% to borrow USD. Higher rate than Thai banks with much less hassle/risk (Oanda is the largest retail forex broker in the world). Oanda rates are indeed competitive but when trading USDTHB the 4.3% plus can be "eaten up" in a relatively short time. i'm not sure whether Oanda accepts deposits only (without trades). Link to comment Share on other sites More sharing options...
BeachBrian Posted June 13, 2012 Share Posted June 13, 2012 Oanda rates are indeed competitive but when trading USDTHB the 4.3% plus can be "eaten up" in a relatively short time. Eaten up how? i'm not sure whether Oanda accepts deposits only (without trades). They do, but only in 9 currencies. Unfortunately THB isn't one of them, so the only way to own THB is via trading USDTHB. If they supported THB deposits, then depositors would get the full 4.8% rate.. Link to comment Share on other sites More sharing options...
yoshiwara Posted June 13, 2012 Share Posted June 13, 2012 Would it not be a good idea to have a pinned thread where folks can post bank interest rates/products as they find them, a thread without the debate of course, Mods? I am not sure that is a good idea as an interest rate product carries an inherent element of risk which should draw critical comment to help investors make decisions. Link to comment Share on other sites More sharing options...
chiang mai Posted June 13, 2012 Author Share Posted June 13, 2012 Would it not be a good idea to have a pinned thread where folks can post bank interest rates/products as they find them, a thread without the debate of course, Mods? I am not sure that is a good idea as an interest rate product carries an inherent element of risk which should draw critical comment to help investors make decisions. They can make their own decisions and do their own risk assessments, after all, risk is different things to different people. I'm talking about making people aware of the products since there is no single source for such things. Link to comment Share on other sites More sharing options...
Naam Posted June 13, 2012 Share Posted June 13, 2012 Oanda rates are indeed competitive but when trading USDTHB the 4.3% plus can be "eaten up" in a relatively short time. Eaten up how? i'm not sure whether Oanda accepts deposits only (without trades). They do, but only in 9 currencies. Unfortunately THB isn't one of them, so the only way to own THB is via trading USDTHB. If they supported THB deposits, then depositors would get the full 4.8% rate.. eaten up by the loss THB suffered vs USD from march till now going long THBUSD. Link to comment Share on other sites More sharing options...
Naam Posted June 13, 2012 Share Posted June 13, 2012 Would it not be a good idea to have a pinned thread where folks can post bank interest rates/products as they find them, a thread without the debate of course, Mods? I am not sure that is a good idea as an interest rate product carries an inherent element of risk which should draw critical comment to help investors make decisions. what investment does not carry an inherent element of risk? Link to comment Share on other sites More sharing options...
how241 Posted June 13, 2012 Share Posted June 13, 2012 Would it not be a good idea to have a pinned thread where folks can post bank interest rates/products as they find them, a thread without the debate of course, Mods? I am not sure that is a good idea as an interest rate product carries an inherent element of risk which should draw critical comment to help investors make decisions. what investment does not carry an inherent element of risk? Gov't. Insured bank accts. ? Link to comment Share on other sites More sharing options...
chiang mai Posted June 13, 2012 Author Share Posted June 13, 2012 Would it not be a good idea to have a pinned thread where folks can post bank interest rates/products as they find them, a thread without the debate of course, Mods? I am not sure that is a good idea as an interest rate product carries an inherent element of risk which should draw critical comment to help investors make decisions. what investment does not carry an inherent element of risk? Gov't. Insured bank accts. ? You've never heard of soveriegn debt then. Link to comment Share on other sites More sharing options...
TommoPhysicist Posted June 13, 2012 Share Posted June 13, 2012 what investment does not carry an inherent element of risk? Buying a house in your TGFs name? Link to comment Share on other sites More sharing options...
how241 Posted June 13, 2012 Share Posted June 13, 2012 what investment does not carry an inherent element of risk? Buying a house in your TGFs name? Good one. Made me smile. Link to comment Share on other sites More sharing options...
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