Bangkok Bank Savings Account

Bangkok Bank Savings Account

Bangkok Bank is headquartered in Thailand. Bangkok Bank has a branch in Singapore that operates a full banking licence under the Monetary Authority of Singapore.

Bangkok Bank branch in Singapore provides the full range of financial services including savings account, current account and fixed deposit account.

Address of Bangkok Bank branch in Singapore:
180 Cecil Street
Bangkok Bank Building
Singapore 069546


Table: Bangkok Bank savings rates.

The interest rate for Bangkok Bank savings deposit account is quoted at 0.75% per annum for individuals (resident of Thailand) based on the information provided on their Thai Bangkok Bank headquarter website.

Check with the Bangkok Bank (Singapore branch) here for savings account rates applicable in Singapore.

Thank you for following Singapore Savings Account Rates.

We strive to bring you information on the savings account rates of banks and financial institutions in Singapore to help you earn more interest on your hard-earned money.

Ministerial Statement: Why Singapore Government Guarantee on Deposits

Ministerial Statement: Why Singapore Government Guarantee on Deposits

A Ministerial Statement was given by Mr Lim Hng Kiang, Minister for Trade & Industry and Deputy Chairman, Monetary Authority of Singapore on Government Guarantee on Deposits.

This is posted on the Monetary Authority of Singapore's website.

Mr Lim Hng Kiang gave a ministerial statement on why the Singapore Government announced a guarantee on deposits of individuals and non-bank customers with banks, finance companies and merchant banks in Singapore until 31 December 2010.

In his statement, several reasons were put forward to explain the Government Guarantee on deposits.

First, the guarantee ensures a level international playing field for banks in Singapore.

Second, the guarantee bolsters the confidence that the public has in Singapore’s financial system.

Third, financial services are an important pillar of Singapore’s economy, accounting for 12% of GDP and 5% of Singapore's employment.

Fourth, this financial crisis is not confined to any country or region, but is a global one.

Singapore’s guarantee of deposits demonstrates confidence in the soundness of the financial system, and helps contribute towards restoring confidence in the international financial system.