What types of bank accounts can be used for a retirement visa in Thailand?

Ask your local immigration office.

If there is no prohibition against a Fixed Deposit Account, shop the different banks in your area.

Interest rates for 1-2 years will vary from 1%-2.5%.

The only penalty for withdrawing before the end of the term is an interest penalty.

Savings is the easiest, who said fixed deposit offers better interest rates in Thailand.

A reminder that this forum does 🚫 NOT allow any mention to use or discussion about the use of a Thai Visa Agent.

Savings is the easiest

There are two types of term/fixed deposit accounts and they are viewed differently by the immigration office

One is a term deposit <- meaning the principal deposit is frozen (you can't access it) for the length of the term, all you can do is access the earned interest. < This type of account CANNOT be used for proof of funds for extensions

Another one is a fixed deposit <- meaning the principle is NOT frozen, and you can access it at any time during the term you have set up, (even if you lose interest or get a penalty) <- This type of account CAN be used for proof of funds for extensions.

Either or.

Must be in a Thai bank account in your name only which is same day accessible. That rules out CDs Certificate of Deposits.

Any instant access account.