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?
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.
NON-O RETIREMENT VISA RESOURCES / SERVICES
- Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
- For immediate assistance, contact Thai Visa Centre directly via LINE at @ThaiVisaCentre or Email them.
- Explore recent discussions by using the Non-O Retirement Visa tag in the search box at the top of the page.
- Join the Thai Visa Advice Facebook Group to ask your questions, and get advice from others.