QUOTE(MGM @ Nov 16 2016, 08:00 PM)
Like in HLebroking, u can have a interest-bearing account where u can park your money temporarily b4/after investing in stockmarket, instead of opening a bank account?
Does SG banks/brokers offers such facility?
Hi MGM, I know what you mean, let me try to help.Does SG banks/brokers offers such facility?
My trust account in sg broker used to return about 1%+ pa, monthly credit. However, since a few months back, I dont remember exactly when, the broker ceased active management of the trust funds, therefore, the return is now similar to sg savings a/c rate, e.g. about 0.3%.
As for opening of sg bank account, yes, you will need it, unless your broker allows direct TT to their bank account. Some do, but still, whether it's a good method for you, only you can decide.
Hope this helps.
Nov 17 2016, 01:48 PM

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