ENP Newswire - 19 February 2014
Release date- 18022014 - KASIKORNBANK introduced a 24-month fixed term deposit, 'Super Taweesup Deposit', offering a tax-free deposit interest rate up to 3.50 percent, with a minimum deposit of 1,000 Baht, for customers who wish to save regularly and get tax-free returns.
The Bank expects at least 120,000 new deposit accounts opened under this program with approximately 3 billion Baht in deposits. The program is available until June 30, 2014.
According to Ms. Noppawan Jermhansa, KASIKORNBANK First Senior Vice President, the Bank has re-launched the Super Taweesup Deposit again after first introducing the product in late 2013, where it was warmly welcomed by customers across the country. The product targets the general public with regular incomes or freelancers who wish to save regularly each month. In addition, this product works in accordance with KBank's policy to promote savings and financial planning for the future. The Super Taweesup Deposit requires monthly deposits in equal amount for 24 months. Depositing 1,000-9,999 Baht per month, customers will be given 3.20 percent in interest, while those who deposit 10,000-25,000 Baht a month will be offered 3.50 percent interest, the highest rate of the industry. The interest payment is tax-free. To apply for this product, customers are required to link either KBank savings or current accounts to be automatically debited to their Super Taweesup Deposit accounts, for customer convenience and complete deposits; in accordance with the Revenue Department's requirement for tax-free deposits.
The 24-month Super Taweesup Deposit is an alternative low-risk saving tool which offers high tax-free returns. Interested persons may apply for the product at any KBank branch nationwide until June 30.
For more details, please contact K-Contact Center by calling 0 2888 8888