Bangkok: The Bank for Agriculture and Agricultural Cooperatives (BAAC) has announced the launch of the “Noppakhun Gold Deposit” initiative, offering customers a unique savings option with progressive monthly interest payments. The scheme allows deposits ranging from a minimum of 10,000 baht to a maximum of 100 million baht per individual, featuring a structured interest payment system over a 10-month period.

According to Thai News Agency, Mr. Paisarn Hongthong, Deputy Managing Director of BAAC, highlighted the bank’s commitment to encouraging savings habits among the public through the Noppakhun Gold Savings Deposit. The scheme offers a tiered interest rate, beginning with 1.30 percent per year during the first period from October 13, 2025, to April 15, 2026. This rate increases to 1.35 percent per year for the second period from April 16, 2026, to July 15, 2026, and ultimately reaches up to 2.15 percent per year in the third period from July 16, 2026, to August 13, 2026. The overall project averages an annual interest rate of 1.40 percent, equivalent to a fixed deposit interest rate of 1.65 percent per year.

The BAAC will distribute interest payments on the 15th of each month, with the initial payment scheduled for November 15, 2025. Customers interested in opening accounts can do so at any BAAC branch nationwide from October 13, 2025, to November 15, 2025, or until the bank concludes the deposit period. Additionally, the bank offers another savings option, the Thongchompoo Nut savings account, which provides a 1.40% annual interest rate over a 7-month deposit period, available until December 4, 2025.

For further details, customers can reach out to the BAAC Call Center at 02 555 0555 or visit the BAAC Thailand Facebook page.