Fixed interest rates in LOS

[andrewcraig]

A recent expat now living in Pattaya emailed to ask what fixed interest rates were in OZ ,
as he had been offered 3% for 4 months at Bangkok Bank [minimum 500,000 baht]
Surely that is not the best rate around. What return do the residents get on their 800,000baht.
Does that 800,000b have to be invested in LOS only.
I have just rolled over with a Major Bank here @7.8% 12 months No minimum, no maximum.
I know that is top rate here, but 3%?

er!!! More and broken down detail if you want an answer. Where has your money been "rolled over" to, where is it now earning that interest?

[ceejay]

You have to take exchange rates into account too. Anyone who changed US$ or UK┬г into baht inside Thailand sometime last year is now going to be better off by around 10% than if they had waited - worth more than a year's interest anywhere.

Of course, it could have moved the other way..............

[andrewcraig]

er!!! More and broken down detail if you want an answer. Where has your money been "rolled over" to, where is it now earning that interest?

It was in St Georges Bank earning 7.05% now in Macquarie Bank @7.8% for 12 months

with interest rates due to rise next week by at least .25 could even be by .5% then local fixed interest will certainly top 8%
during march

Interesting phrase "world currncy". Clearly doesn't include the Baht. Clearly includes the US dollar and the Euro, but what about the pound?