Bangkok: The Bank for Agriculture and Agricultural Cooperatives (BAAC) is encouraging customers to take advantage of a new savings opportunity with the launch of the ‘Thong Pan Chang Deposit’. This special savings account offers an attractive interest rate of 2% per annum for an 8-month term, providing immediate interest returns to depositors.

According to Thai News Agency, the ‘Thong Pan Chang Deposit’ account requires a minimum deposit of 100,000 baht, with a maximum limit of 100 million baht per person. The interest rate offered is equivalent to a fixed deposit interest rate of 2.35% per annum. Depositors will receive their interest in advance on the day of their deposit, with the added benefit that individuals will not be subject to interest tax on the deposit interest.

The BAAC has noted that if depositors choose to withdraw part of the principal or close the account before the completion of the 8-month term, the bank will reclaim the full interest on the withdrawn amount. Interested individuals have
the opportunity to open an account and make a deposit starting today, providing a promising option for those seeking short-term, high-return savings solutions.