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Happy Fund


Add Stability To Life With Savings Benefits

Benefits Privileges :
- Offers savings to use upon old age
- Offers welfare and protection coverage from unexpected incident
- Offers family security

Qualifications of Applicants :
- BAAC client who already has a registered loan with ages from 20-55 years old
- BAAC client must open Thaweesook Savings Account. One person for one account only.    
  There are 3 savings options: (1,200 baht per year / 6,000 baht per year / 12,000 baht per year)

Deposit Method :    
- To open an account, the client must make a full deposit according to the selection savings plan
- Member must continuously make an annual deposit
- Members can accumulate deposits in the savings before the maturity date (Account Opening Date)
- Advance deposit can be made only once each year

Welfare Obtained :
- Member make deposits according to the savings scheme to receive full benefits upon maturity
- Member must have regular savings continuously each year without withdrawing the principal and interest until maturity at the age of 65 years. Incomplete savings will receive no benefits from that particular year under the terms of Thaweesook Fund:

  • Year 1    Sum assured for personal accident
  • Year 2    Newly born child
  • Year 3    Funeral fee
  • Year 4    Hospital compensation
  • Year 5    Collateral savings

Benefits Obtained :
- Receive special interest rates as announced by the bank. The interest rate is paid 2 times per year including the principal
- Receive increasing benefits from continuous savings
- The principal is returned upon maturity of 65 years
- Children of the members has the opportunity to receive a scholarship from the “Thaweesook Fund Project”

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