What is it? Minimum Deposit 1 Baht (MD1) is a category of Isaan Bank Term Deposit product launched by Thailand's second largest bank - Kasikornbank, or Kbank. The minimum investment for this deposit type is 500 baht, and the maximum is 10,000 baht. On top of that, clients can invest a minimum of 1 baht to a maximum of 999,999 baht via online channels.

One thing about these deposits which distinguishes them from others in the market is their high interest rates. So far all MD1 tenors have been given an interest rate 2 higher than standard rates for traditional ฝาก เ ง น ฝ า ย โ อ เ ว้ น ( time deposit ) . The current highest is 3.50% per annum for 12 months tenor, followed by 3.00% for 25 month deposit, 2.75% for 36 months, and lastly 2.75 % for 52 months tenure.

For example, currently Kasikornbank applies an interest rate of 0.5 percent per year with a maximum term of 30 days on their Time Deposit Account to customers who have at least 1 million baht in their account as the first condition to join this program.

Kasikornbank's MD1 is a เ ง น ฝ า ย โ อ เ ว้ น that can be opened only by the bank's customers who have an Isaan Account, and to invest in it you must visit a Kasikornbank branch - meaning there are no online channels available. MD1 accounts offer convenience since they require low initial investment amount while offering high interest rates at the same time. It uses a tiered interest rate system, which means your interest rate will get better as your deposit gets bigger. For example, for deposits between 1 million baht and 2 million baht, the rate of interest is 1.50%; for deposits between 2 million baht and 3 million baht, the rate of