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- Personal Banking
- Deposits
- Fixed Deposit Accounts
- Short-Term Fixed Deposit Account
- Personal Banking
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- Short-Term Fixed Deposit Account
FIXED DEPOSIT ACCOUNTS
Short-Term Fixed Deposit Account
Manage your money with short-term deposits, which allow you to make flexible, short-term and low-risk deposits.
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Product Detail
As a form of deposit for a period of 1-month, the bank pays interest on the maturity of the deposit and deduct tax at source. Then the net interest is included as principal (compound interest) and automatically deposited in the next deposit period. If depositor is in need of such deposit, they can withdraw before maturity. If withdrawing any transaction before maturity, the depositor will have to withdraw the whole transaction and the bank will not pay interest on the deposit for that item.
Manage money in your way.
Flexibility with short-term deposits, with 1-month deposit. period.
Low risk
Absolute returns, do not worry about the interest that changes with the exact interest on your deposit period.
Document Required
Identity Verification
ID card (A foreigner using a passport and work permit), or a government official card, or a State Enterprise Employee Card
Get Answers About this Product
The SCB Short-Term Fixed Deposit Account is designed for high flexibility, with a deposit term of only 1 month. It is suitable for customers who want to park a lump sum for a short period, take low risk, and receive guaranteed interest for the set term.
Interest is paid at the end of the 1-month term. A 15% withholding tax is applied as required by law. The net interest is then added to the principal (compound interest), maximizing the depositor’s benefit.
No. The bank provides an automatic roll-over service. When the 1-month term matures, the principal plus net interest is automatically redeposited for the same term, allowing savings to grow continuously without manual management.
The minimum deposit required is 500,000 baht.
Required documents:
- Thai nationals: Original national ID card (or government/state enterprise employee card)
- Foreign nationals: Passport and work permit
- Accounts can be opened at any SCB branch nationwide.
