Vitai Ratanakorn, president and CEO of GSB, oversaw a ceremony to launch the two new proactive saving schemes. The first scheme, for medium-term savings, offers annual interest of 4.50 per cent tax-free on money deposited for at least 13 months. The second scheme, for long-term savings, offers 3.21 per cent annual interest tax-free on money deposited for seven years. Vitai said that while the government is urging people to spend to boost the economy through domestic consumption, it is also important to set aside money for the long term.
