Please, do not laugh, but…
When we open a bank account in Thailand, will be depositing the 800,000thb (each) as required for our visa
Do we earn any interest on it and if so how much
Likewise, if we want to open a savings account, what (if any) interest can we expect to earn?
Have tried to find the answer online to no avail
Thank You
TLDR : Answer Summary
The interest on bank accounts in Thailand, particularly regarding the 800,000 THB deposit for visa purposes, is generally very low, typically under 1%. Some comments suggest that while savings accounts offer around 0.90% interest, it may not be noticeable and is taxed at 15%. Fixed deposit accounts might provide slightly better interest, but they have restrictions that require the account to allow for immediate access to funds to meet immigration requirements. Individuals are encouraged to inquire about the highest interest rates available from different banks.