Bank of Ayudhya advertises 3.85%, 4.00%, 4.25%...???

[travelerjim]

Looking at the Thai newspaper today - Daily News...
back page of section one...
an ad appears in Thai which appears to be a new offer for cd's...
starting this next week for a limited time..
100,000 baht minimum deposit...

3.85% to 2553 (2 years)
4.00% to 2554 (3 years)
4.25% to 2555 (4 years)...

I do not read Thai ...but that is my best guess at what they are offering.

Indeed, a nice increase from the current offers for cd's...
3% from Bangkok Bank, 100,000 baht and for 2 years.

Maybe someone else can look at the ad...I checked the website and no info on it yet.

http://www.krungsri.com
The Bank of Ayudhya

They have a branch in Pattaya and elsewhere in Thailand.

Hope this helps those seeking better interest rates in Thailand.

This might coincide ??? with the dropping of the capital controls on March 3rd by the Bank of Thailand ???
and a new rush by banks for deposits..I hope so!

And you want to become enmeshed in the Thai tax system? The interest is taxable, in Thailand - therefore you need to become a Thai taxpayer

[TrongpaiExpat]

Only if over 100,000B and then it's less than most US income tax brackets after that if this link is correct.

www.rd.go.th/publish/6045.0.html (http://www.rd.go.th/publish/6045.0.html)

Only if over 100,000B and then it's less than most US income tax brackets after that if this link is correct. www.rd.go.th/publish/6045.0.html (http://www.rd.go.th/publish/6045.0.html)I guess if you've only got half-a-crown to invest then income tax is the least of your worries :cyclopsani: