Islamic Bank of Thailand Launches New 24-Month Fixed Deposit Product

According to a report by Khaosod Online, the Islamic Bank of Thailand (iBank) has announced the launch of a new long-term fixed deposit product titled 'The Longer, The Stronger.' This initiative is designed to promote sustainable savings habits among customers. The account features a 24-month term with an expected annual return of 1.15%, which is paid out to depositors on a monthly basis. The program is scheduled to run from November 1, 2026, through March 31, 2027. For residents and those managing finances in Thailand, this product offers a low barrier to entry, requiring a minimum initial deposit of 2,000 THB. Customers may deposit up to a maximum of 50 million THB per individual, with the flexibility to make additional deposits without a limit on the number of transactions. This offering aims to provide consistent returns for both new savers and retail clients over a two-year period. While the bank has outlined the expected returns and operational dates, potential depositors should verify specific account terms and conditions directly with the bank, as the stated returns are based on expectations rather than guaranteed fixed interest rates. This development represents a notable option for individuals seeking structured, long-term savings vehicles within the Thai banking sector.