Opening a Bank Account in Singapore
|
|
 Jan 5 2012, 09:43 PM
Return to original view | Post
#1
|
 
Junior Member
245 posts Joined: Apr 2008 
|
QUOTE(orangbulu @ Jan 5 2012, 08:12 PM) No need , just bring IC & passport can d. DBS bank now min requrement is 1k Sing, and they pay 0.05% interest.... FD also gives around 0.05% - which is way lower than the inflation rate of 3-4% (i think). There is no point saving your money in there. On the plus point, SGD has been steadily appreciating against MYR over the years. Just a few years ago, the exchange rate was 1SGD=2.2MYR. Now the SGD has gone up another 10%!!! |
|
|
Jan 6 2012, 11:55 AM
Return to original view | Post
#2
|
|
Junior Member
245 posts Joined: Apr 2008
|
QUOTE(Eugenet @ Jan 5 2012, 05:18 PM) QQ... I though we (Malaysians) need Bank Negara approval to open an account overseas? which broker are you looking at? most charge around SGD25 per trade - very high, when you consider in the US per trade is around USD10.I'm thinking of opening an account in Singapore for stock trading. |
| Change to: |  0.1776sec
 0.65
 7 queries
 GZIP Disabled
Time is now: 29th November 2025 - 01:53 PM |
Quote