I based my calculations on this and the rate they displayed have been accurate (double check with bank's TT rate)
http://www.exchangerate.my/

My transport cost is <RM200 (but very close). For this discussion, make it RM200. If your transport cost is higher, then you need to count again and see if it's worth it to TT or go down. For me, because my transport cost is RM200, it's cheaper for me to down. This is based on the calculations that Maybank charges 3.16/3.17 exchange rate vs money changer at 3.12 (which is true if you go to Midvalley money changers)

but they will ask why do saving in SGD. how to answer?

I'ma private banking client myself,... in a few banks. Actually, except for one bank, most of the private banking services can't really help us invest effectively. I can do better in investments than most of them,... at least till now,... since 2005....

I think no need to put into private banking-lar,... just follow this forum,... talk to people nicely,... read the right materials, can do better,....

Best mmf in sg is by endowus. But you need agd10k min. Pretty expensive. They claimed their dimension funds can outperform S&P500.

For me I am skeptical and I trust ARK.
Depend on what you want to use the money in SG for. Some silly people keep cash only in SG and don't do anything with it.

If want to keep cash only, forget about opening SG bank account. Just dump it all in EPF (RM 60k/year). Money in EPF will easily best money in SG bank account.

Some use it to buy unit trust. Platform for it is
https://unittrust.poems.com.sg/. Avoid FSM for unit trust. They charge you quarterly just for buying unit result with them while there's no such charges with POEMS.

Some use it for robo.
There are plenty of option for robo.
- stashaway
- endowus
- syfe
- autowealth

Robo is for
1) lazy People and
2) people who don't know what they are doing and just want somewhere to park their money.
You are basically paying a middle man (the robos) to buy ETF for you which is a stupid thing to do (cause you can DIY and it's cheaper which means you have more money over long term)
Personally I avoid robo at all cost and I always tell people to avoid robo at all cost. (What's so difficult opening a overseas stock brokerage and deposit money in every month?)

Some use it for stocks.
You can buy sg stocks but get ready to lose money. Majority of the business in sg are lousy and get ready to lose money as investor. Sg market is only good for reits and banks. Nothing more.
Platform for buying sg stocks are
- FSM SG
- Tiger broker.

Some use it to buy international stocks.
Some use it as a stepping stone to overseas stock because SGD is more important international than our RM..
This is where the magic starts.
I personally recommend buying international stocks.
More info can visit
https://ringgitfreedom.com/2020/11/13/journ...onal-brokerage/

If you are looking into investing in stocks, know what kind of investor your are.
i) dividend Investor
- you invest for extra money every month
ii) growth investor
- you invest hoping to multiply your original money but most of the time you won't get paid.a single cent unless you sell
iii) trader
- you are looking to make a quite buck by buying and selling within a few hours to few days.
iv) speculator
- where stock market is your casino

I use blogs and youtube. These are what I used last time.
Read this. I read all of it when I started out. No one teach me anything.
I learned mostly from blogs and forums

For starters kindly read this
1. https://singaporeanstocksinvestor.blogspot.com/
(see all the link at the side, read all of them)
2. https://investmentmoats.com/stock-market-in...ting-resources/
3. https://stestocksinvestingjourney.blogspot....f-dividend.html
4.
https://stestocksinvestingjourney.blogspot....-of-saving.html
5. https://stestocksinvestingjourney.blogspot....out-me-ste.html
6. https://www.mrfreeat33.com/my-story/
7. https://www.mrtakoescapes.com/farmers-hunte...l-independence/
8. https://www.mrtakoescapes.com/love-big-fat-cash-pile/
There's no versa for sg. The closest to versa returns is endowus.

Do not waste your SGD on money market fund.

All sg stocks need you to buy min 100 shares and in multiple of 100s. Prior to Ibkr, recommended buy for s-reits is Min SGD4k per transaction. I think with IBKR you can get away with say SGD2k. You can buy say 100 shares at $2.00 which cost you $200+$3.75 (commision) which is equal to about 10% cost just for commision.

This is to lower your cost %.