Mr. Witthaya Rattanakorn, Director of the Government Savings Bank announced that after the Government Savings Bank launched a high-interest savings account with tax exemptions for special demand deposits of 11 months, offering an average interest rate equivalent to a fixed deposit of 1.60%, the promotional savings account was introduced to celebrate the bank's 111th anniversary. The initial deposit period was from April 1 to April 11, 2023, and the response exceeded expectations, with total deposits reaching 25.133 billion baht within just 11 days. This reflects the public's confidence in depositing with the Government Savings Bank, which is fully backed by the government, and showcases the savings capability of the citizens.

 

To encourage continuous saving and to benefit the public during this period of rising interest rates, the bank has introduced two more special deposit types: a special demand deposit for 9 months with an interest rate of 1.00% per annum (equivalent to a fixed deposit of 1.17% per annum) and a special demand deposit for 13 months with an interest rate of 1.19% per annum (equivalent to a fixed deposit of 1.40% per annum). These deposits are open to both individuals and legal entities, starting with a minimum deposit of 10,000 baht and additional deposits of no less than 1,000 baht, with no maximum deposit limit. Individuals will receive interest without tax deductions. The deposit period is from April 12 to April 30, 2023, at all branches of the Government Savings Bank nationwide.

For more details, visit www.gsb.or.th

Or for further inquiries, contact the GSB Contact Center at 1115.