Gain high interest from long-term savings

Service Highlights

  • Obtain special interest rates
  • Savings for expenditures
  • Savings for future use
  • Offers higher interest than ordinary savings
  • Daily interest charge and tax exempted interest
  • Bank account book can be used as loan collateral
     

Objective

  • Savings for future expenditures
  • Future emergency savings
     

Depositor's Qualifications

  • Ordinary person or Individuals from the age of 7 years onwards
  • Corporate companies
     

Initial opening account

  • At least 10,000 THB
     

Minimum deposit - withdrawal

  • First initial opening account should at least be 1,000 THB
  • Withdrawal should not be lesser than 1,000 THB per time unless withdrawing interest or closing an account

Deposit Duration

  • Unlimited

 

Interest/Return

  • Daily interest charge. If the balance is lesser than 10,000 THB the interest rate shall be calculated from the savings account interest rate
  • Interest rate tax exemption is eligible to ordinary person or individuals
  • Corporate companies pay tax according to the terms of the Department of Revenue
     

Terms of withdrawal

  • Withdrawal should not be lesser than 1,000 THB and withdrawal can be made once a month. Second withdrawal shall be charged a bank fee of 1% from the withdrawal made but not lesser than 500 THB
     

Documents required to open an account

Ordinary Person or Individual

  • Copy of identification card

Corporate companies

  • Important documents of the contact identification

  • Copy of Registration Certificate

  • Copy of Taxpayer identification number

  • Memorandum of Association

  • Minutes of Meeting of Board of Directors in agreement with bank handling transaction and authorized person to handle withdrawal

  • Identification of authorized signatory

  • Sample of company seal

 


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