Compare Fixed-Rate Deposits in Thailand

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19 live offers compared from 11 providers, from THB 1.70 % ต่อปี. Updated daily.

What are Fixed Deposits in Thailand?

A fixed deposit — often called a "time deposit" in Thailand — is a savings product where you lock a sum of baht with a bank for an agreed term, typically 3, 6, 12, 24 or 36 months, in exchange for a higher, guaranteed interest rate than an ordinary savings account. These accounts are offered by commercial banks licensed by the Bank of Thailand (BOT) and are a popular home for medium-term savings because the return is fixed at the outset and the principal is protected under the national deposit guarantee. They suit savers who have a lump sum they will not need until a known date.

How the Thai market works

Thai banks advertise fixed-deposit rates that move broadly with the BOT policy rate, so promotional "step-up" and special-tenor campaigns appear when banks want to attract funds. Rates for standard retail deposits currently sit in a roughly 1.7% to 2.25% per year range, with longer terms and higher balances usually earning more, and headline special rates sometimes requiring "new money" not previously held at the bank. Interest is generally paid at maturity or monthly, and withdrawing before the term ends means you forfeit some or all of the agreed interest. Interest on time deposits is also subject to a 15% withholding tax, deducted at source, though the first THB 20,000 of interest income per year can be exempt in some circumstances.

Benefits

Guaranteed return — the rate is locked at opening, so market moves after that do not reduce what you earn.

Capital protection — deposits are covered by the Deposit Protection Agency up to THB 1 million per depositor per bank.

Discipline — the fixed term discourages dipping into savings, helping you meet a goal.

Simplicity — no market timing, fees or investment knowledge required.

How to choose

Compare the effective annual rate for the exact term you want, not just the headline promotional figure, and check the minimum opening balance and whether the rate applies to the whole balance or only a portion. Look at how interest is paid, any auto-rollover terms, and the early-withdrawal penalty. If you may need access, a shorter term or a laddering strategy — splitting money across several maturities so a portion frees up regularly — balances yield with flexibility. Also confirm whether a special campaign requires a linked savings account, a minimum tenor or new-money conditions before you commit.

Leading providers in Thailand

Major providers include Kasikornbank (KBank), Bangkok Bank, Krungsri (Bank of Ayudhya), Krungthai Bank, TISCO Bank, SCB (Siam Commercial Bank), TTB Bank (ttb) and CIMB Thai. The large universal banks offer extensive branch networks and mobile apps for easy renewal, while smaller or more specialist banks such as TISCO and CIMB Thai frequently run higher promotional tenors to compete for deposits, so it pays to look beyond the biggest names.

What it costs

Opening a fixed deposit is normally free, and there is no ongoing account fee. The real "cost" is opportunity: your money is committed for the term, and breaking it early reduces your interest — many banks pay only savings-account rates, or nothing, on funds withdrawn before a minimum holding period. Withholding tax of 15% applies to the interest earned, so the after-tax return is lower than the advertised gross rate.

Protections and regulation

Commercial banks are supervised by the Bank of Thailand. Deposits — including fixed deposits — are insured by the Deposit Protection Agency (DPA) up to THB 1 million per depositor per institution, so spreading large sums across several banks preserves full coverage. Deposit terms, rates and penalties must be disclosed transparently under BOT market-conduct rules.

Common questions

Can I withdraw early? Yes, but you usually lose most of the promised interest and may receive only the savings rate.

Is my money safe? Balances up to THB 1 million per bank are guaranteed by the DPA.

Do I pay tax on the interest? A 15% withholding tax applies, though small amounts of interest may be exempt.

What happens at maturity? Funds either return to your linked account or auto-roll into a new term — check which applies.

Fixed-Rate Deposits in Thailand — FAQ