Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 Opening a Bank Account in Singapore

views
     
iloveusms
post Nov 7 2015, 07:55 PM

Getting Started
**
Junior Member
197 posts

Joined: Apr 2005


hi bro,if above 30k sgd how about interest?
iloveusms
post Nov 7 2015, 07:56 PM

Getting Started
**
Junior Member
197 posts

Joined: Apr 2005


QUOTE(myr.medinsurance @ Aug 15 2015, 10:17 PM)
Opened one at DBS bank branch at Marina Bay Financial Centre.

You have to open securities trading account with it.

I opened one after GE 13. I realised how bad gerrymandering was and how screwed I will be if s**t hits the fan.

My vote piled up uselessly in an urban seat with big majority while rural seats with small majority are the ones that matter.

My advice is opening a Singaporean account is not worth it if less than SGD 30k. Interest rate is low so you have to invest in stock market (e.g. REIT or ETF).

You need 1 or 2 times cash collateral to SELL your shares due to how CDP is setup.
*
hi bro,if above 30k how about interest? smile.gif
iloveusms
post Nov 7 2015, 09:25 PM

Getting Started
**
Junior Member
197 posts

Joined: Apr 2005


QUOTE(cklimm @ Nov 7 2015, 08:28 PM)
around 0.1%
*
i see bro,any low risk investment can reach 4-5% yearly? smile.gif
iloveusms
post Nov 8 2015, 10:22 PM

Getting Started
**
Junior Member
197 posts

Joined: Apr 2005


QUOTE(cklimm @ Nov 7 2015, 10:04 PM)
you should aim higher, like 6-7%,
and dont target for one year only, earn that for 40 years
*
can?mind to share smile.gif
iloveusms
post Nov 8 2015, 11:22 PM

Getting Started
**
Junior Member
197 posts

Joined: Apr 2005


QUOTE(Ramjade @ Nov 8 2015, 10:52 PM)
Bro, I think he wants 6-7% returns in SGD. Not MYR
*
yes you are right bro,i am talking sgd,actually got 4-5% yearly i am ok liao biggrin.gif ..any recommend me? smile.gif i read somewhere cimb singapore offer 1.9% for 24 month FD, and may i know malaysia can buy singapore saving bonds?

 

Change to:
| Lo-Fi Version
0.0294sec    0.47    7 queries    GZIP Disabled
Time is now: 1st December 2025 - 08:03 AM