Another bank question: do the banks have saving schemes where the 800000 can gain some interest?
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TLDR : Answer Summary
The discussion reveals that banks in Thailand do not offer significant interest on savings for the required 800,000 baht. One commenter noted a very low interest rate of around 0.05%, while another shared their experience of holding 800,000 baht for six years with minimal gains.
I've had 800K in BKK bank for SIX years in a 'high' interest account. It's now worth 820K!
Frank **********
Yeah it's like .05%.
Stuart ***********
If you pay 65,000 baht into your thai account each month of your first extension, you can use that for your second extension and withdraw the 800,000 baht immediately after.
I'd much rather make one single deposit of B800k and be done with it as opposed to hoping and wishing that monthly deposits happen perfectly without fail 12 times.
Stuart ***********
I understand, it's personal preference. Some people hate leaving 800k in Thailand, so it's just an option for them.