Kiatnakin Bank

[Thetyim]

Does anyone here use Kiatnakin Bank ?
They give a better rate of interest for fixed deposits and are covered by the same deposit protection scheme as the other thai banks so, on the surface, look like a suitable home for the amounts needed to qualify for an extension of stay.

Does anyone know of any problems with them ?


Interest rates here
http://www.kiatnakin.co.th/content_n...-21_fid490.pdf

[taxexile]

always had good service from them, best deposit rates, lots of free calendars, calculators and sporty type water bottles at new year too.

[cwm]

We also deposited some money with them as their rates are much better than the rest.

A couple months ago they were offering 3% for 9 mo B/E

[Thetyim]

I steered away from the B/E because they are not covered by the deposit protection scheme.
I am current getting 3.6% pa for an 18 month time deposit

[superman]

How much tax is due on the interest rates ?

[Thetyim]

WHT is 15%

It is possible to get a Tax number and claim it back if you think it is worth the effort

[raycarey]

kasikorn just finished a promotion that gave us 4.5% on a 14 month time deposit.

[superman]

kasikorn just finished a promotion that gave us 4.5% on a 14 month time deposit.

Now you tell us.

[raycarey]

sorry.

i know bangkok bank had a similar offer going...don't know if it too has expired.

[Thetyim]

kasikorn just finished a promotion that gave us 4.5% on a 14 month time deposit.

that was a stepped time deposit
The apr working out at about 2.2%

[rickschoppers]

I am sure you will see more of these promotions as all the banks try to gain market share. I am waiting for the next good promo to deposit a large sum. Anyone know of any good ones?

[Thetyim]

I checked around before I took the plunge and 3.6% is the best I could find.

TMB do a big splash about their 5.5% interest but it is just another step up deposit with a low APR

[raycarey]

I checked around before I took the plunge and 3.6% is the best I could find.

That's the best rate around, I think.

[rickschoppers]

I steered away from the B/E because they are not covered by the deposit protection scheme.
I am current getting 3.6% pa for an 18 month time deposit

And what bank was that again Thetyim?