Worth Your Satang

Siam City Bank launches a 16month fixed deposit which features a rising interest rate every four months to reach 5.50 per cent per annum. Interest for the first four months stands at 3 per cent per annum before rising to 3.50 per cent throughout the fifth and the eighth months, to 4.00 per cent between the ninth and the twelfth and to 5.50 per cent during the thirteenth to the sixteenth months. The minimum deposit required is Bt10,000 per account. Interested people can open an account at the bank's branches until August 22.

Thai Credit Retail Bank offers a fivemonth fixeddeposit account with 3.99percent interest per annum. Customers need to deposit a minimum amount of Bt100,000 and the combined deposits from each depositor are limited to Bt10 million. The accounts are available until September 8.

United Overseas Bank (Thai) launches threeyear fixed deposits with a 5percent interest rate per annum. Interest will be paid monthly and the minimum deposit amount is Bt1 million with a maximum of Bt10 million. Interested persons can open an account before August 15.

Charoen Pokphand Foods (CPF)'s Bt6billion unsecured and unsubordinated debentures, carrying a coupon rate of 5.15 per cent per annum for threeyear maturity and 5.70 per cent per annum for the fiveyear lifetime, will be available at Bangkok Bank and Kasikornbank branches nationwide, with the exception of micro branches, next Monday, Wednesday and Thursday. Interest is paid halfyearly. The debentures have an A+ credit rating rated by Thai Rating and Information Services.

BankThai offers free transfer fees for those who send money to their mother on August 12 to celebrate Mothers' Day. Also, those who transfer money to their mothers at the bank throughout this month receive gifts from the bank.

Stock investors who have their investment portfolios at Ayudhya Securities and DBS Vickers Securities from now on can park their money incurred from stock sales at AYFCASH, which is a money market fund managed by Ayudhya Fund Management. The fund offers greater returns than savings accounts.