Bank for Agriculture Launches Two New Deposit Products
BAAC has launched two new 11-month deposit products: Sai Thong offering a fixed 1.10 percent annual interest rate and Pan Thong with tiered rates up to 6.59 percent, both available for enrollment through August 31, 2026.
The Bank for Agriculture and Agricultural Cooperatives (BAAC) has launched two new short-term deposit products, announced by Deputy Manager Paisal Hongsthong. The Sai Thong deposit product offers an 11-month fixed deposit with a constant annual interest rate of 1.10 percent (equivalent to 1.29 percent per annum for fixed deposits), available to individuals aged seven and above, groups, juristic persons, government agencies, state enterprises, financial institutions, and insurance companies domiciled in Thailand. The minimum opening balance is 10,000 baht with no maximum deposit limit, and interest is paid monthly, with the first installment beginning August 31, 2026.
The Pan Thong deposit product also has an 11-month term with a tiered interest structure, offering a maximum rate of 6.59 percent per annum with an average rate of 1.10 percent for the full program. The tiered rate is divided into two periods: July 22, 2026 to June 15, 2027 at 1.00 percent per annum, and June 16 to June 21, 2027 at 6.59 percent per annum. Interest is paid monthly on the 15th of each month, with the first payment on September 15, 2026 and the final payment on June 21, 2027. Existing customers rolling over deposits from previous products (Krapung Thong and Thong Nop Khun) may partially or fully transfer to these new products by contacting BAAC branches between July 22 and August 31, 2026.
Both deposit products are now open for enrollment from July 22 through August 31, 2026, or until the bank closes the enrollment period. Individual depositors are exempt from deposit interest tax, while juristic persons are taxed according to Revenue Department regulations. For more information, customers may contact any BAAC branch nationwide or call the Call Center at 02 555 0555.
