Not worth as SG FD rate is very low. If converting SGD to invest in SG stocks Yes, worth it. If FD no. Our amanah saham fixed price fund = better returns than SG FD. Of course if they offer like 4%, then better than our amanah saham.

Actually is still active.

It don't work that way. Say 1SGD = RM3. You put in SGD10k = RM30k (let's use SGD1= RM3 for easy calculation). After one year you get SGD180 (1.8%). Total SGD you have = SGD10180. Assuming exchange rate stays the same, you convert back, you get RM30540. Rm540/30000= 1.8% of course you havent factor in bank fees for transferring. Markup exchange rate by banks. If you include that all in SG think you get 1% only.

But there are people who's doing what you are thinking. Instead of SGD, they going for India rupee (Malaysian indians) or Indonesian rupiah. Both India and Indonesia FD % is way higher than us.

What do you meant am stucked with ASNB?
Correction. Amanah saham is not 4%. Min now is 5.5%

This post has been edited by Ramjade: May 31 2019, 10:41 AM

As mention their rates only 1.5-1.8% which is very unattractive.

This is not add maths but normal maths. Don't worry was in your shoe learn it the hard way with real money.

Maybank sg have lousy rates. Avoid. If you really want to bring back money to Malaysia use fintech or CIMB sg. Their rates are more or less same.

Cause Malaysians only know FD. Especially uncle and aunties. I have given up FDs a long time ago and I am not going back there.

This post has been edited by Ramjade: Jul 14 2021, 01:30 AM

All you need is a CIMB Malaysia acocunt to open CIMB sg account.

Then all you need is interactive broker to convert your SGD to USD. This blogger wrote a step by step procedure in her blog.

https://ringgitfreedom.com/banking/opening-...for-malaysians/
https://ringgitfreedom.com/investing/invest...station-global/

Just trust us. We have applied and managed to get it. So that's that's. It's not mentioned but we are proof that Malaysians can open account.

Same here la. My CIMB sg only have sgd0 10 inside. Lol.
I went there by train, got rejected multiple times.

This post has been edited by Ramjade: Jul 20 2021, 02:03 AM