Cimb got 1% interest. Isavvy got none
Only if you have SGD10k then isavvy is good.

I always compare price before I transfer. Who knows some underdog can give better rates. Moneymatch, instarem. Most of the time use instarem. Max money is better actually. But don't know how to open an account with them.

Yes,... I would support all you said, especially with that part where they included the iSavvy Acct as one of the 5 accts that can be used to open a CDP Acct.. I think this was added by SGX/CDP abt a year or so ago.

In an international hub, I would prefer the acct to have multi-currency capabilities,... iSavvy does not have this yet !

iSavvy has another strong feature,... one can get better SGD FD rates in SG with an iSavvy Acct....

Just giving my opinions only as I have experienced many different types and levels of SG Bank Accts for many years,....

CIMB FastSaver also needs to have a minimum amt before you can enjoy that 1% i.r.,... calculated daily,.... but ok, I recalled this amt was lower than Maybank iSavvy's.

Do you compare everytime before you transfer out, or once upfront, without comparing again in later transfers ?

I don't really mind that few dollars of interest really as the SG account will only act as an intermediary account for me to pass my funds to my SG trust account.
I would still earn higher interest for the funds in my trust account anyways. Why keep that cash in the bank account?
The only drawback of iSavvy is the fall-below charge, but that can be easily mitigated with S$500 daily balance.
Like I mentioned, I prefer iSavvy over FastSaver because I can open my own CDP account. The advantage outweighs the disadvantage.
Once my money reaches my iSavvy account, I will transfer it over to my trust account to purchase my shares.

"In an international hub, I would prefer the acct to have multi-currency capabilities"
FastSaver has this capability?

Appreciate your opinion as always. Of course if you have physical presence in Sg then it would make life a lot easier to open a bank account. Unfortunately I can't be there for petty matters like this and furthermore, I have no residential/employment status in Sg which made matters worse.

So how? Have to weigh the pros and cons between FastSaver and iSavvy only.

I compare everytime in case sometimes the other companies are cheaper. Comparing takes few seconds only what. Login to account/use the calculator that's available from their main page. Easy when you have bookmarked all of them.

Not to mentioned now transferwise is in the picture, more companies to compare. So far it's always been instarem vs moneymatch and instarem always comes out top. That's why I have always use instarem.

Well now I have four different companies to choose from. Moneymatch, instarem, transferwise and BigPay. I have a feeling instarem will still be the cheapest.

Cash is used for investment when opportunity arise. If no opportunity, I will just continue keeping cash.

Care to share what trust account is that?
(I would still earn higher interest for the funds in my trust)
Is it open for regular folks or you need to be a priority customer to get in?

No,.. I'm afraid FastSaver does not have multi-currency capabilities. I just mentioned this capability because I would think this capability is important in this modern world !

Best way to get a multicurrency account which is usable, working and cheap is via transferwise.
2nd option is revolut if you are based in EU/UK.

Ok, just checked with my remisier. The interest rate is 0.8% for my cash balance in my trust account.
A little lower than FastSaver but at least it gives something.

And yes it is open to any regular folks as I am also just a regular folk.

after opening Maybank iSavvy, how do I open CDP acc? I'm based in M'sia. No SG PR, employment pass nor address.

Same as me la. I did everything from the comfort of my office in Klang lol. Didn't even have to go out (except for a trip to my Maybank branch for the KYC).
Got my iSavvy account, CDP account and also my brokerage account opened.

If you don't have SG address, forget CDP. Use FSM.
Only if you have SG address, use CDP
Without SG address and CDP account you cannot apply rights, placement. Lose out.

Please read above bro, I don't have a SG address and I got my CDP already
That's just a myth, you don't need to have SG address to apply for CDP.
Like I said, I did everything from the comfort of my office.

So yeah, only with CDP we have the entire rights we deserve as a shareholder.
That is why I opted to apply for CDP only I start investing. I hate to use nominee account. Even my trading in Malaysia never used nominee.
Nominee accounts in SG even worse. Everything also they charge, even transferring the dividends to you also they charge service fee.

I know. I have a CDP account and found out cannot do rights placement. That's why I said if don't have SG address use FSM.

You are right. Most charge all kind of stupid fees. Actually must pandai pick nominee/custodian account. Pick the one without charge. The only one so far without charge is FSM or Maybank KE prefunded. Reason for choosing FSM is maybank recently try to pull a stunt to start charging their customers. A move that didn't go down well and was reverse within 24h. That move shows that matter of time before they start charging. That's why I avoid maybank KE prefunded (already have account, if they want to start charging, I am moving out)

meaning FSM allows you trade buy/sell all shares in the Singapore stock exchange?

I was under impression that FSM only sells funds (mutual funds / unit trusts).

That's FSM MY. FSM SG is different story.
Yes for FSM SG you can buy stocks from SGX, HKEX, NYSE and Nasdaq. Keep in mind for US stocks there's going to be OT be dividend charges on top of the US 30% dividend tax

Can use FSM SG to buy unit trust at zero percent service charge but not recommended. Quarterly platfoem fees.

Doesn't matter, why let others have custody over shares which we rightfully own? Having a CDP account gives total security to us as shareholders and the flexibility for us to choose which broker to buy/sell by linking it to our CDP account. Once you buy using the nominee/custodian account, you can only sell using that account.

and I can open FSM without being a SG resident, no SG PR, work pass, address needed?

Thanks!

your isavvy debit card, may i know need to pay for charges annually ?
if it is without any fee or charges, i want to go apply.
Else it is ok, i got cimb fastsaver alr

[quote=moosset,Sep 28 2019, 10:45 AM]
and I can open FSM without being a SG resident, no SG PR, work pass, address needed?

Thanks!

[/quote
Yes. Can open without being SG resident. No need pass, address and all that nonsense. All application online.

[quote=whycanot323,Sep 28 2019, 02:36 PM]
your isavvy debit card, may i know need to pay for charges annually ?
if it is without any fee or charges, i want to go apply.
Else it is ok, i got cimb fastsaver alr

[/quote]
Maybank isavvy account comes with the card automatically.
Is free. Keep in mind the isavvy account need you to keep min SGD500 or else there's a SGD2.00/month charge.