Siam Commercial Bank unveils special fixed deposit account

It offers between 1.6% to 2.2% interest per annum.

Siam Commercial Bank (SCB) has launched its new “Special Fixed Deposit Accounts” campaign, offering interest rates of up to 2.2% per annum.

Deposit periods available are for short-term, medium-term, and long-term, the Thai-based bank said in a press release.

For 4-month fixed deposit accounts, the rate is 1.6% per annum; for 7-month fixed deposit accounts, the rate is at 1.88% per annum.

For 15-month fixed deposit accounts, the interest rate depends on the amount, running from 2% per annum to 2.2% per annum.

Accounts can be opened at any SCB branch with a minimum THB1,000 and no maximum limit.

It also has an auto rollover deposit service, which automatically renews deposits when they mature, with no need to visit a branch.