lol you mean Instarem... not Instagram

Don't be fooled by that. I looked at that before, I don't post it in Lowyat because if you read the terms and conditions... https://www.cimb.com.sg/content/dam/cimbsg/...a-3.3-sep24.pdf

a) the bonus interests will be paid in December

b) you must maintain the miminum 5k SGD EVERY DAY above the benchmark to earn the bonus interests. This is no different from a fixed deposit...

The IRR is never as high as 3.5% p.a... more like 2.5-2.75% p.a. only. Fullerton SGD cash fund (purchased via Moomoo/WiseSaver/FSM One etc.) will yield better rates with more flexibility.

They fooled me once last year, not gonna be fooled by them again this year.

This post has been edited by TOS: Sep 12 2024, 02:56 PM

Now you are telling everyone you deposit a minimum of 20k SGD at Maybank SG

https://www.maybank2u.com.sg/en/promotions/...me-deposit.page

But yea, 6-month 3.2% is about the same rate as 6-month SG T-bills.

Not overpriced, not underpriced, considering the SDIC deposit up to 100k SGD...

Poor people are always discriminated by bankers

Citibank to close last branch in Singapore in October amid shift to wealth hubs

(no paywall) https://www.straitstimes.com/business/banki...-to-wealth-hubs

They ask you to go use CIMB JB branch office service

Hi sifus,

After eons, I finally open a TnG eWallet account (don't laugh at me, I don't see any point opening an eWallet account when Duitnow QR is everywhere, except my favourite cheap foodstalls... they all provide TnG eWallet QR only...)

So, I discover that TnG eWallet allows DuitNow Cross border remittance from Malaysia to Singapore (but not the other way round, still have to use CIMB SG -> MY for that).

Have anyone tried checking TnG eWallet's rate for remittance from MY to SG, is it better than Maybank MY's rate? (I know the daily limit is 3000 MYR, and not comparable with large volume transfer providers like Sunway Money or Wise or MoneyMatch). CIMB MY still haven't updated me why my transfer months ago failed... I give up on them...

--------------------------

Also, have anyone tried Liquid Pay in Singapore?

How are the FX rates like for Cross Border transfer from SG -> MY?

https://www.duitnow.my/Cross-Border/fund-transfer.html

I know OCBC charges a 1% spread (worse than the 0.3% imposed by CIMB SG -> MY) route. Don't have account with UOB and I don't trust Maybank SG or MY account after my card was hacked last time. That leaves Liquid Pay as the remaining option.

This post has been edited by TOS: Oct 1 2024, 11:08 PM

Ultrashort term SGD interest rates are around 3.2 - 3.3% p.a.

Short-term (6M - 1Y) interest rates are around 2.9-3.1% p.a.

FD rates will be some 20-50 basis points below the numbers above.

Business Times Singapore

JPMorgan fined S$2.4 million by MAS for misconduct by relationship managers
Some clients were charged a spread over the interbank prices

https://www.businesstimes.com.sg/companies-...onship-managers (no paywall)

天下的乌鸦一般黑。

This post has been edited by TOS: Dec 2 2024, 02:29 PM