Krung Thai Bank is now offering a new savings product dubbed ‘Krung Thai Happy Retirement (Sa-bai-jai-wai-ka-sean)’ This 60 months fixed deposit product bears high interest rate, paid monthly and from the 13th month onwards, the Bank is going to return the principal partially. Such fixed deposit also provides accident insurance in maximum insured amount of 500,000 baht. The minimum deposit is 1 million baht. The promotion starts on October 14, 2011 and ends on 28 February, 2012.
    Mr. Chainarong Eursithichai, Senior Vice President, Acting Director, Retail Business & Network Group, Krung Thai Bank PCL. disclosed that the Bank had designed products and services to fit with each group of customer’s needs. Therefore, it decided to launch this savings product for depositor age between 50 and 70 years old since such product is aligned with the customers’ lifestyle.
    “The interest rate will be 36 months fixed deposit rate plus 0.75% p.a. (4.10% p.a.) Moreover, from the 13th month onwards, customers will have the right to choose monthly return of principal in the amount of 10,000 or 15,000 baht and the Bank is going to return the rest upon the maturity. The depositors will get accident insurance in maximum insured amount of 500,000 baht and medical coverage due to accident of 10,000 baht via Blue Diamond debit card. They will be exempted from entrance and annual fees.”
    “The Bank would like to recommend customers that they should divide their savings: 30% for Krung Thai Happy Retirement, 35% for long-term investment so that they will gain higher returns, and another 35% for short-term investment.”