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fixed term deposit

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This page displays all the results for the Fixed Term Deposit tag, sorted by the most recent activity. There are a total of 1 questions that have been tagged with Fixed Term Deposit. Explore the questions to find discussions and information relevant to this topic.
Sep 2, 2023
3 years ago
Michael ******
ORIGINAL POSTER
This query is about Non Immigrant 0 (Retirement) and changing the fixed term period in a term deposit for the Baht 800,000 proof of funds requirement.

I’ve had the 800,000 in BKK Bank Orange Book fixed term for years untouched. It’s a 3 month term that rolls over automatically at the same rate.

To upgrade to a longer term with a much better rate I’m told they will close the account and start a new one…presumably with a new account number.

I did my 12 month extension just recently and ..as required..had to present a statement as well as the letter.

My question is: if I upgrade the term now to get a better interest rate and consequently close down my existing account and start a new account (with a new account number)……is this going to mess up my next 12 month extension which will be due again in August 2024.

Appreciate any help and insights…
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