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What interest can I expect from an 800K baht savings account in Thailand for a retirement visa?

Feb 17, 2025
4 days ago
Larry ********
ORIGINAL POSTER
If you put 800K baht in a savings account in Thailand for a retirement visa, will it pay any interest? If so, about how much recently?
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TLDR : Answer Summary
The interest paid on savings accounts in Thailand is generally quite low, often around 1.5% to 2.5% for some accounts, while others yield significantly less. Many contributors noted that interest could be as low as 0% to roughly 1,000 baht annually on an 800,000 baht deposit, highlighting the minimal returns. Additionally, some banks charge maintenance fees that could offset any interest earned. It's advisable for expats to explore fixed-term accounts or alternative investment options if higher returns are sought.
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Andy **********
There was a post of someone talking about a savings account giving 2.2% I can't remember which Thai bank it was, do some research to see what is currently available, as far I know most Thai savings accounts pay less than 1% so don't expect good rates.
Chuck **********
Robert ******
Krungsri approx 500 bhat a month net
Daniele ***********
Immigration will accept saving account or fixed term deposit. From kasikorn you get 0.25% on saving account or 1.45% on 12 months fixed
Wyn **********
Agents not renewing retirement visas now without the 800,000 ?
Michael *******
SCB have an account called Easi Pass that pays 2.5% before tax, used it for 5 years now, and their online banking is a breeze and no passbooks to worry about no issues with Immig in Phuket at least, use for my wife and I.
Thomas ************
The devaluation of the US $ was more than 10% against the Thai baht in the last few months. That is what I call a good interest rate
Todd *********
Peter **********
about 1.25%
Ian **********
Peter **********
@Ian *********
anyway half of f*** all
Chuck **********
NOPE . Matter of fact they charge you annually to have a account!
Daniele ***********
@Chuck *********
that's not true, maybe it's the atm card fee or some additional service you subscribed
Chuck **********
@Daniele **********
have savings and atm card. Never got intrest!
Steve *******
@Chuck *********
Who does? Bangkok Bank don't.
Chuck **********
@Steve ******
bkk bk does! Just took it out of my account! Have never got interest!
Steve *******
@Chuck *********
Never paid an annual fee for my Bangkok Bank.
Chuck **********
@Steve ******
yes they do! I just paid a fee through them, had them over 10 years now.
Jim ********
@Chuck *********
Never known a Thai bank to charge a fee for having the account
John **********
I think it's currently around 1.5% on a standard savings account
Tony **********
Thai bank savings account is about 1.5%.
Todd *********
I make 8% or better for last several years on my fixed income outside Thailand. That’s 64k baht annually, less 10% withholding tax for expats.

An agent renewal costs about 18k baht. You do the math. And consider the level of convenience
Matthew *********
@Todd ********
that's what I been saying all along. And to be honest you are supporting someone when using agent. Banks don't respect us enough to pay interest. And plus money in US is federal insured up to couple hundred thousand.
Kirk ********
@Todd ********
Who are you getting 8% with
Todd *********
@Kirk *******
ScotiaMovil in Mexico. But any bank there will do. I think Cambodia, Turkey and Laos also high interest rates now also. No point bringing money to Thailand with that.
Todd *********
Fixed term 1.8% Bangkok bank and CIMB
Stuart *********
@Todd ********
You have to be careful with fixed term accounts. You need to be able to have instant access to the funds - albeit at the loss of interest were you to take it out. If it’s a fixed term where you can’t remove the funds for X amount of time then you can’t use that account for a visa or extension off of one.
Todd *********
@Todd ********
did you immigration office allow this account? Which office?
Frank **********
You might earn about 1000 baht for a whole year.
Nongnuch ********
@Frank *********
I have 850,000 THB on my SCB account, it earns around 3500.- THB interest per year
Frank **********
@Nongnuch *******
it was a wild guess, 555.
Ray *********
@Frank *********
yep plus they tax your interest
Chuck **********
Matthew *********
No interest but they are using your money to get interest from international banks I bet.
Mg ****
Withdraw half buy gold bars
Michael ********
@Mg ***
I bought some January 2024 was surprisingly good descion on my part dont normally make them
Bob **********
@Mg ***
when gold is at its highest??
Mg ****
@Bob *********
Now is everyday the gold price is increasing best to buy is at Chinatown gold shop.... I forget the shop name but you Will notice the shop because people are queuing to buy gold
Bob **********
@Mg ***
Just giving it away 😎😎😎
Stuart *********
You’ll get pretty much zero interest. Perhaps some but don’t count on it buying you a coffee anytime soon.
David ***********
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