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Ultra Savings
 
 
published : 03/05/2019

Ultra Savings is a deposit product with a new concept which combines the advantages of both savings accounts and fixed deposit accounts. In addition to high interest rates like those offered by fixed deposit accounts, it offers more flexibility that allows cash withdrawals. As a more special advantage, the product pays monthly interest. It is suitable for investment that requires both high liquidity and a good rate of return.

Distinctive features
  • A type of savings accounts which offers high interest rates like those offered by fixed deposit accounts.
  • It has more flexibility than fixed deposit accounts. It allows cash withdrawals and earns interest.
  • As a more special advantage, it pays monthly interest.
Interest rate
The interest rates offered are in accordance with the Bank's notifications on interest rates. Details

Service conditions

  • The product requires a minimum opening deposit of 10,000 baht.
  • The outstanding balance of the account must be at least 5,000 baht.
  • Cash can be withdrawn twice a month. No limit is imposed on the amount of cash to be withdrawn.
  • The product is available to all types of customers, except financial institutions, mutual funds, Insurance, Life Insurance and those who reside overseas.
  • The account can be closed only at the branch where the account is opened.
Interest payments
  • Calculation of interest is based on the outstanding balance at the end of the day and the interest can be withdrawn on the 10th of each month (including Saturday, Sunday and bank holidays).
  • Interest received is tax-free in line with the conditions imposed by the Revenue Department on savings account.
  • The interest rates offered for Ultra Savings Account are in accordance with the Bank's notifications on interest rates.
Notes:
  1. Interest rates and fees may change in line with the Bank's notifications.
  2. Other details and conditions are in accordance with the rules and regulations established by the Bank.
  3. The Bank reserves the right to cancel and/or change the related details and conditions without prior notice.

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