The state-run Government Savings Bank (GSB) is offering a series of financial products targeting the elderly, with the aim to attract 10,000 senior citizens to the services. The first savings account offers interest rate to depositors at 1% per annum. To open a savings account, customers must be at least 60 years old and can open only one savings account to deposit anywhere between 100 and 1 million baht. The second savings account is a 24-month time-deposit account with step-up interest rates averaging 1.87% per annum. Each senior customer is allowed to open only one special savings account with a minimum deposit of 10,000 baht and a maximum of 1 million baht.

Source: Bangkok Post April 04, 2017 23:37 UTC