I would try to time your arrival and the application to the 1-year extension in a manner which places the date for every annual renewed application for the next EOS, into the months December or January. These are months I will spend in Thailand anyways, this would be the middle of my hibernation. For this, I entered Thailand on October 5th on a 90-days Non-Imm-O visa, and the date of my annual extension application thus is unchanged on January 4th since 17 years. I visit Immigration around 1 week before Christmas with all documents required, leaving a gap of two weeks until January 4th, just in case Immigration asks for something I am not prepared for. . . . this timing will have the side effect that if I enter 90 days before the application date, I can do my 90-days report on the same day I apply for the next extension. Plus I always buy a single re-entry permit for the new 1-year extension on that same day
why are you worrying about low interest? The 800,000 THB in your Thai bank account enable you to get the "1-year parking ticket" for a country where everything costs less than half the price than in your home country. Why would you ignore this advantage and don't honour the Lose some-Win some situation ?
instead of a deposit of 300 THB, it can be an ATM withdrawal of 500 THB and keep the receipt at the ATM, before you enter the bank and update the bankbook
a certificate of residence from Immigration in which they kindly ask to get a bank account opened for the applicant. A Thai mobile SIM card registered into his name and passport number. Proof of Non-Imm-Visa and entry stamp
you are doing the absolutely right thing with the extension. If you plan to exit and re-enter Thailand during this one year Stay permit, you need to buy a single re-entry permit for 1000 Baht on Immigration or at the airport, because otherwise your one-year stay permit would become void. If you intend to exit and re-enter Thailand more than three times within the 1-year stay permit, you should buy yourself a multi re-entry permit for 3800 Baht
you apply for the 90-days retirement visa in the UK, using funds in your UK bank account. You enter Thailand, the visa becomes invalid. You get stamped a 90-days stay permit. you open a Thai bank account and transfer a minimum of 800,000 THB into it. As soon as the deposit has been sitting in your account for 2 months, you apply for the "1-year extension of the stay permit". Immigration will require to see the "bank letter of guarantee" (rab roong thanakan) which confirms the 2-months seasoning. Along with your updated bankbook and a ATM receipt of a smallish withdrawal on the same day when you apply