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Bank interest comparison
Posted: Tue Apr 12, 2022 9:47 pm
by whiteribbon
Is there a bank interest comparison site in Cambodia?
I can not find one at all while these sites are very common in Europe. Somebody a bit tech savvy could make killing making one of those here specifically for cambodia I think.
Anyway... What are currently the best rates?
- Woori bank: 7.25% on 1y deposit
- Sathapana bank: 5.75%
- ABA bank : 3.75%
- Bred bank : 3.50% to 4% depending on amount.
Re: Bank interest comparison
Posted: Tue Apr 12, 2022 9:54 pm
by Kenr
Damn, I could almost live on interest alone with those rates. Lucky to get 1% on a CD here. Highest savings rate I know of is about .55%.
Re: Bank interest comparison
Posted: Tue Apr 12, 2022 10:04 pm
by whiteribbon
Yeah in Belgium highest on saving I can get is 0.3% now. The differences in interest are huge. The difference in the safety of your deposits might be too though. Although I trust the backing Sathapana and Woori bank have.
Re: Bank interest comparison
Posted: Tue Apr 12, 2022 10:08 pm
by truffledog
I am sure you will could kill some time with that website.
Re: Bank interest comparison
Posted: Tue Apr 12, 2022 10:09 pm
by truffledog
whiteribbon wrote: ↑Tue Apr 12, 2022 10:04 pm
Yeah in Belgium highest on saving I can get is 0.3% now. The differences in interest are huge. The difference in the safety of your deposits might be too though. Although I trust the backing Sathapana and Woori bank have.
not even swiss banks are safe these days...
Re: Bank interest comparison
Posted: Tue Apr 12, 2022 10:23 pm
by ali baba
The Post used to print a table listing the rates from various banks. MFIs are usually higher. I have an account with Prasac that pays 8% per year. I've had money with them for 10 years now but the service is poor.
CMK once paid me 50% on an account with a 5 year maturity.
Re: Bank interest comparison
Posted: Tue Apr 12, 2022 10:41 pm
by whiteribbon
I just checked Prasac but they now lowered their rates. Since there are no comparison sites we can make a list here. I prefer banks so will separate the Mfis.
1 year deposit account
Interest rates
Banks:
- Woori bank 7.25%
- Sathapana bank 5.75%
- ABA bank 3.75%
- Bred bank 3.50% to 4% (negotiable)
Micro Finance institutions:
- Hatha 7.25%
- Prasac 7%
Re: Bank interest comparison
Posted: Tue Apr 12, 2022 11:07 pm
by Kammekor
Acleda offers 4.55%.
Please note all these rates are before tax. Tax is 14% of the paid interest for foreigners.
Re: Bank interest comparison
Posted: Tue Apr 12, 2022 11:31 pm
by Cooldude
Prasac's one year maturity growth account still pays 7.25%. Their one year monthly maturity account pays 7.00%.
Re: Bank interest comparison
Posted: Tue Apr 12, 2022 11:31 pm
by whiteribbon
Kammekor wrote: ↑Tue Apr 12, 2022 11:07 pm
Acleda offers 4.55%.
Please note all these rates are before tax. Tax is 14% of the paid interest for foreigners.
And 6% if you live here (*even if you’re a foreigner).