It is RM300,000 to qualify for HSBC Premier Banking in Malaysia now. For HSBC Premier Elite, the minimum TRB is RM3 million.

I won't bother with priority banking.

The only priority banking I want is with DBS. But if no priority it's ok. Won't die.

This post has been edited by Ramjade: Jan 11 2025, 08:50 AM

Why is DBS priority banking so good ?

MCRL..They interest rate is lower than IBKR I believed. Which is already lower than most banks.

What is MCRL ?

Multi currency resolving loan.

Has anyone considered CIMB fastsaver ? at least they offer 3.2% for those existing customers (new customer is 5%) .

but the terms and conditions is so complicated. I wonder if anyone tried ?

https://www.cimb.com.sg/content/dam/cimbsg/...ug-dec-2024.pdf

you dont need to read the whole thing. I just read first half page and its enough for me to deduce the feasibility.



Is it even possible for Non SG resident to have a credit card in the first place?

I think its a valid topic for discussion, since we already have SG bank account and SG bank debit card. Now, the next frontier is SG bank Credit Card

This post has been edited by john123x: Jan 19 2025, 02:16 PM

i use stashaway singapore simple. 3.3%



open online using your malaysian passport

Just open tiger sg or moomoo sg. Moomoo sg harder open. Once open just buy Fullerton SGD cash fund. No need complicated terms and conditions or jumping though hoops.

nowadays fullerton sgd cash fund returns are a bit lower, tat's why i switched back to stashaway simple sgd

hav u tried the USD MMF giving 4.2% ? assuming that conversion rate is constent, do I get 4.2% or need to factor in conversion charges ?

I do notice Moomoo my offering 4.2% as well, but I have not tried. I wonder if anyone who had tried can share what is the experience ?

This post has been edited by ccschua: Jan 19 2025, 03:10 PM

Of course what. US interest rate drop so and SG interest is directly tied to US. So Fullerton interest also drop.

I won't bother as I am not sure how good or bad is the exchange rate by moomoo. All these mmf is just for you to park your money. I am able to put my money to work but earning min 3%p.a and growing automatically around 15%p.a without the need for new cash injection. Short term I gain lesser than MMF. Long term, I earn more than MMF.

Of course need to factor in conversion charges. Never chase all these foreign FD rates. Only do it if you are using that country currency to invest. Don't suja2 change from ringgit to USD just because of the interest rate.

This post has been edited by Ramjade: Jan 19 2025, 03:59 PM

In case anyone wanted a USD account in Singapore.


I was actually able to open a Foreign Currency - USD account with CIMB SG. Since I already had an account with them, the cs agent when I called said I just have to just desktop (opening USD account wasn't available on the app) under services and apply for the account.

Put in all my details, thought it would take a few weeks. Logged in the next day and my USA account was there. Did a test transfer from Instarem into the USD account and got the deposit late in the day. Minimum balance is USD $1000

I would not go with Cimb or any other sg bank foreign currency account. Reason is the min fall below amount which means extra fees for the bank should the amount drop below the required threshold and the money needs to be lock up and cannot be put to use. 2nd would be the exchange rate. I have always hated Singapore banks to lockup min amount.

If really want a foreign currency account, rhb multi currency in Malaysia would be a better choice.

If course if you are willing to travel to Singapore together a DBS account, by all means go for it as there is no minimum amount with DBS. I keep only SGD0.10 inside my DBS account.

This post has been edited by Ramjade: Jan 20 2025, 07:14 AM

Let's say that my only intention is to keep my money in Fullerton SGD Cash Fund, and I do not intend to perform any stock trading.


For that, will Tiger Brokers and Moomoo Singapore impose any fee, such as platform fee?


Thank you for your clarification.

This post has been edited by kart: Jan 20 2025, 04:43 PM

Supposedly no fees from either of them. They are not fsm. I have used moomoo sg only. So far no fees for parking my money with Fullerton under moomoo. Never used Tiger before.

This post has been edited by Ramjade: Jan 20 2025, 04:57 PM

Did you calculate Simple SGD vs Simple Plus? I am curious which one has better return.

fullerton sgd cash for the past few days has not been impressive. it is around 3.1%. is this about right ?

Purpose of the post was to correct the wrong info given in your original post - 300k instead of 250k. And it was still 200k only just a few months ago.