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 Convert MYR and place FD in SG Banks ? Yay or Nah

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David_Yang
post Jul 13 2021, 03:07 PM

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QUOTE(babyscouts @ Jul 12 2021, 08:04 PM)
My friend is not confident with myr
He suggest to transfer all his 1 million ringgit saving to SGD
What is the best way and to which bank
Thank you all.
*
For us Malaysians CIMB SG is the best option. They always offer better than market FD rates in SG and the process is very easy if you have account ab CIMB MY already. Rate is 0.55% for 12 month and 0.75 for 24.

But never a good idea to put all eggs in one basket. If you are not confident with MYR, reduce your MYR exposure, but don“t bring all to Singapore.



 

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