ohh okok.. so after i transfer 1k sgd i can transfer back like 900sgd then keep 100sgd inside my account wont kena close right? sgd interest no care la.. malaysia saving accout much higher lol.

this applies for maybank isavvy account

was going through the faq of the iSAVvy account and noticed this :

Maintaining a minimum daily balance of at least S$5,000 over a 6 months period (starting from the second month of account opening) will allow account holders to enjoy 6% interest-on-interest rate.

So if I have SGD5k, after 6 months will be get extra interest of SGD 150 on top of base interest ?

This is applicable if we open the account from MY?
Any catch to this?
Sounds enticing....

Singapore’s Record Deposits Seen Signaling Risk Aversion

Foreign-currency deposits at local banks almost quadrupled from a year earlier to a record S$27 billion in April, Monetary Authority of Singapore figures showed Monday. Deposits from non-residents surged 44% to S$62 billion, also the highest level since 1991 when records began, the data show.

https://www.bloomberg.com/news/articles/202...nd=premium-asia

Damn. I asked Malaysian side before. Need priority both side.

Do you know their brokerage account is using which broker? Is the brokerage account come with SIPC and FDIC thingy?

What reason you gave to them to open this SG bank account?

What questions they asked?

How long it took you to open that account?

which sg bank you open? I plan walk in HSBC Malaysia branch and submit the form to open HSBC SG bank account

Update if it's successful.whats the amount to maintain, any terms and condition. Last time I check with SCB they told me need priority on both side. I told them you can keep your account. I keep my money.

Personally I still prefer going via CIMB Sg route.

I have Maybank SG already, SCB no need premier ah?

Good to know that now they can transfer to own account. Let me check the rates once I send money next month and see if moneymarch rates are competitive.

Sg is rather old fashion and old school despite them portraying themselves as modern.

Last time I went, they do not have thumbprint verification for banks. I was like omg. Haha

why would normal malaysians open SG bank acc??? unless u stay in JB or u go SG very often lar.... got business dealings etc.... if not for normal folks.... why wanna open a SG bank acc ah??? FD rate also super low......

haven't been up to date with this.... few years back I know the only option for Msian to open SG bank acc is CIMB (without the need to travel to SG or requiring offiical SG documents)

i read through a few latest posts here..... it seems Maybank and OCBC is also an option nowadays?

Yes, if you have enough for HSBC Premier in Malaysia, you automatically get premier status in Sg - with no need to keep minimum balance in Sg

Standard charged told me you need to have priority both places. Anyway I won't waste my time with priority banking. Lol.

2017 time. Still student that time.
DBS got very good priority service that no banks got.
DBS MTRL. The interest is really low last time. Not sure about now. But need SGD500k.

If there is one priority that I want to get, it wine with DBS. Lol.