Worth Your Satang

TMB Bank has launched the Happy Time Deposit 5 Month account, with an interest rate of 4 per cent per annum and interest paid monthly. A minimum initial deposit of Bt50,000 is required, and investors can put in up to Bt5 million per account. The offer is open until the end of the month.

- Tisco Bank has raised the deposit interest rates for many of its products, effective from September 1. The new Super Savings rate stands at 2.75 per cent (previously 2.4 per cent), Fixed Deposit with Health Insurance is now 3.253.75 per cent (from 33.5 per cent), while current accounts with deposits over Bt100,000 and special savings accounts with deposits over Bt100,000 now attract 2.252.75 per cent (from 2.1252.5 per cent).

Three to 24month fixeddeposit accounts with less than Bt1 million rise to 3.254 per cent (from 33.75 per cent), three to 36month accounts with more than Bt1 million rise to 3.254 per cent (from 34 per cent) and amounts greater than Bt5 million attract 3.54.25 per cent (from 3.254.25 per cent). One to 12month bills of exchange with amounts starting from Bt1 million increase to 3.254.25 per cent (from 33.75 per cent), while amounts of at least Bt5 million for one to 12 months rise to 3.54.25 per cent (from 3.254 per cent).

- Siam City Bank's threeday "SCIB Family" fair at the Mall Department Store, Bang Kapi, runs until Sunday. The bank offers special mortgage coverage of up to 95 per cent of a property's appraised value, a SCIB NGV Loan with 5percent annual interest for three years, and nonperformingasset sales at a 35percent discount. Products of the bank's subsidiaries - Siam City Securities, Siam City Asset Management and Ratchathai Leasing - are also available at the fair.

- Bangkok Bank (BBL) has expanded its international fundtransfer network, partnering with Western Union to enable BBL and nonBBL customers to send and receive money internationally at its 400 branches across the country. People using the Western Union Money Transfer service at the bank will also benefit from the Bualuang Thank You programme, which offers more than 250 gifts and rewards that can be redeemed from points earned when using the new service.

- Deutsche Bank has launched a private fund service targeting high networth clients in Thailand. Clients can choose among three discretionary global portfolios managed by Deutsche Bank Global Investment Management. Alternatively, private investors can determine their investment universe and strategy through a bespoke portfolio constructed from a broad range of local and international product offerings.

- Standard Chartered Bank (Thai) credit cardholders can get cash back at 2 per cent, 3 per cent and 5 per cent of the purchase price when they buy products worth Bt35,000, Bt75,000 and Bt100,000, respectively, at 20 participating SB Furniture and SB Design Square stores. The promotion is available until the end of the month.

- Krungthai Card offers credit cardholders discounts of up to 70 per cent when they buy goods at the Je Leaung shop. In addition, those who pay for goods at Je Leaung through the KTCRoyal Orchid Card until Monday receive triple Thai Airways mileage points.

- Ayudhya Fund Management is holding an initial public offering of its fixedincome fund Ayudhya Enhanced Thai Note Plus 6M2 -AYFETP6M2 - until Monday. The fund, which will invest in local debt instruments rated A or higher, features automatic redemption when the return is greater than 3.7 per cent per annum. The initial minimum purchase is Bt10,000.

- Krung Thai Asset Management is rolling out two new funds - KT3M48 and KTFIF6M17 - until Tuesday. KT3M48, a Bt2billion fund with threemonth maturity, will invest in protectprincipal debt instruments, including bills of exchange, bonds and negotiable certificate deposits issued by the government and financial institutions. It is expected to generate a return of 3.45 per cent.

KTFIF6M17, a Bt3.1billion fund with a sixmonth lifespan, will invest in euro commercial paper (ECP) issued by leading overseas financial institutions. ECP currently yields 4.3 per cent per annum.