jason105 wrote:The 800,000 Baht on deposit for 3 months is an effective "deal-breaker" for me, unfortunately. I could, more than likely, make arrangements to have the money in an account in my name but it would tie up funds that could be earning interest elsewhere.
Life is how you look at it. Half full or half empty it is only a glass.
I am confused by your statement. "Rock solid" (That is AA+ these days rather than AAA) corporate bond interest rates are 3.8%. In the Thai savings account you would not earn as much, but if you are maximum earning $900.00 or its equivalent by having that dosh in your interest bearing account in some western haven and paying "at home" tax rates and capital gains on that money so what is the difference? Say you earned $200.00 as an equivalent in a Thai bank account. You present yourself at the correct government office and they will REFUND your withheld 15% tax on your Thai earnings on your savings account guaranteed to one million baht as I said above. So staying here or not staying here hinges on a difference of $650.00 worth of interest? At our age? You would have to endure all the joys of being a forgotten man in your home country. I know for sure I would be a forgotten man in mine. I assure you if you have only been gone five years prices have gone up a lot at home.
I quote only the rock sure corporate bond rate because "securities" offer much higher risk and we all know how low passbook savings rates are everywhere.
Think on this and imagine if (for only $650.00 more in "hands on" money) you could live as well with the same or better quality of life in your home country on your pension plus interest, wherever you are from, if this is true for you, you should return to your home country or another spot. Let's see, Malaysia you and I are illegal, Cambodia has zero quality in it's health care should you need it, Vietnam and Philippines are beaten up by typhoons and floods annually. Where is that magical spot that provides as much as Thailand provides to us? I should think just the cost of leaving would be two years of interest if you fly home coach with standard luggage.