Compare Savings Accounts in Thailand

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19 live offers compared from 11 providers, from THB 0.50 % p.a.. Updated daily.

What are Savings Accounts in Thailand?

A savings account holds your money securely while paying interest and allowing easy access via ATM, debit card and mobile banking. In Thailand these range from standard passbook or app-based savings accounts paying minimal interest to high-yield digital savings accounts that reward larger or new-money balances. They are provided by commercial banks licensed by the Bank of Thailand and are the default home for everyday spending money and rainy-day savings, sitting between a current account and a fixed deposit.

How the Thai market works

Standard savings accounts pay low interest — often well under 1% — but banks compete for deposits with high-yield digital accounts, no-fixed-book "e-savings" and bonus-rate products that can pay materially more, sometimes only on a capped balance or for a promotional period. Rates broadly span 0.5% to 2.1% depending on the product and conditions. Interest is credited periodically and, above the annual exemption, is subject to 15% withholding tax. Most accounts link to PromptPay for free instant transfers and to a mobile app for bill payment and QR spending.

Benefits

Easy access — withdraw or transfer anytime via app, ATM or branch.

Higher digital rates — online savings accounts pay more than standard passbooks.

Deposit protection — balances guaranteed up to THB 1 million per bank.

No lock-in — unlike fixed deposits, your money stays available.

How to choose

Compare the effective interest rate and any conditions — bonus rates often apply only up to a balance cap, on new money, or for a limited time, after which the rate drops to a base level. Check minimum balances, monthly fees (usually none), and whether the account links to PromptPay and a good mobile app you will use often. If you want maximum yield and can lock money away, weigh a fixed deposit instead. Remember the 15% withholding tax on interest above the annual exemption when comparing headline rates.

Leading providers in Thailand

Providers include Krungthai Bank, SCB, TTB Bank (ttb, known for the ME and no-fixed-book high-yield concept), Krungsri, Kasikornbank, Bangkok Bank, UOB Thailand and CIMB Thai. TTB and CIMB Thai have promoted higher-yield digital savings to attract deposits, while the large banks pair standard savings with their widely used mobile apps and broad ATM networks.

What it costs

Savings accounts are generally free to open and maintain with no monthly fee, and PromptPay transfers are free. The main deductions are the debit-card annual fee if one is attached, out-of-network ATM charges, and 15% withholding tax on interest above the annual exemption. The real trade-off is the low interest on standard accounts, which is why savers chase digital high-yield options for larger balances.

Protections and regulation

Savings accounts are supervised by the Bank of Thailand under market-conduct and consumer-protection rules. Deposits are insured by the Deposit Protection Agency up to THB 1 million per depositor per bank, so large savers should spread funds across institutions. Interest and fee terms must be disclosed transparently.

Common questions

How much interest will I earn? Standard accounts pay little; high-yield digital accounts pay more, often with conditions.

Is there a lock-in? No — savings accounts allow anytime access, unlike fixed deposits.

Do I pay tax on interest? A 15% withholding tax applies above the annual exemption.

Are bonus rates permanent? Often not — they may apply only for a period or up to a balance cap.

Savings Accounts in Thailand — FAQ