7:17 am - Sunday September 25, 2016

GSB Phuket sells ‘Thai Strength’ government saving bonds

Wanpen Yommana, the Manager of Government Saving Bank (GSB), Phuket branch, said that there were six branches of GSB in Phuket located in Patong, Thalang, Cherngtalay, Homepro Department Store, Yao Island, and Phuket Town. This year, GSB got 50 million baht of “Thai Strength” government saving bonds and the bank would sell the bonds to over 60 year–old senior people on June 7th – 8th, while others could buy the bonds at all branches of GSB in Phuket on June 9th – 11th 2010. One individual could buy a bond from 10,000 – 1,000,000 baht. The 1st – 2nd year interest was 3.0% per year; the 3rd – 4th year interest was 4.0% per year, the 5th year interest was 5.0% and the 6th year’s interest was 6.0%.

Wanpen said that the bond could be used as a guarantee required by the government offices, financial institutes and others. However, on the first day of sale, no seniors in Phuket came to buy the bonds, and only around 10 people called the bank to ask for the details.

Filed in: Features, Government

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