Why am I not receiving interest on my O-A visa bank account in Thailand?

Question

Hi All. Been in Thailand 11 months on O-A visa. Opening bank account was easy but I notice that no interest is given on the large positive balance. 
Somewhere I read that it's because of no workers permit. Surely this can't be legal. Yes I understand tax is payable on interest earned and the bank could deduct that, but interest can't be withheld on these grounds.
Please don't comment with 'this is Thailand'. There must be international banking laws that regulate this.
Any positive feedback will be appreciated.

Ask Thailand · Answer

The user expresses concern about not receiving interest on their positive balance in a bank account while holding an O-A visa in Thailand. Despite having a large amount deposited, they understand that typically interest should be credited, regardless of work permit status. Comments from the community indicate that low interest rates are common globally, and while note-worthy, Thai banks do offer minimal interest on accounts. Users suggest shopping around different banks for better options.

Danny ******* · Answer

What bank?  I have Kasikorn and they pay interest.

Marc ******** · Answer

Not a Thailand issue. Interest rates are down since years in the whole world.

Even on my swiss bank account I am getting only 0.005% interest

Dana ******* · Answer

I get interests twice a year : end of June & end of December (Bangkok Bank, Savings account), not much, but still...

Duncanc ********** · Answer

Definitely you get interest

probably 0.0%

Av ********** · Answer

Be happy you haven't woken up and your money is just gone. Money in banks have a tendency to just 'dissappear' even with locals in Tland

Bruce ***** · Answer

I get interest credited every six months but it’s only a small amount like everywhere else

Graham *********** · Answer

Banks are commercial companies like any other. The interest rates they offer on particular types of accounts are set by commercial and competitive factors not some international law of being fair. Shop around and see what you can find that meets your needs.

John ********* · Answer

Does not matter about work permit .should get interest

Stuart ********* · Answer

Most savings accounts - which most foreigners have - are practically zero interest. You can get better rates using a fixed term deposit type account, but not if you use the banked money method for extensions.

Why am I not receiving interest on my O-A visa bank account in Thailand?

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