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Anyone know about foreign FD?
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hksgmy
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 Mar 18 2024, 09:19 AM
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QUOTE(Ramjade @ Mar 18 2024, 09:14 AM) As far as I know DBS, OCBC, UOB accept. But they charge you an arm and a leg for it. Around 1-2%. Last time DBS accept for free. That was years ago. You need to have a multicurrency account or a foreign currency account before they can take your cash. You are better off brining your cash to place like arcade to change for SGD then use banks to deposit. Unless somehow you can call your RM and ask them waive the fees for you. They don't anymore, at least not DBS, OCBC & UOB for me when I last asked. I could check again, not that I have a lot of free GBP laying about, but I do have quite a stash of USD that I don't quite know what to do with ... Thanks bro. |
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Ramjade
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Mar 18 2024, 09:30 AM
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QUOTE(hksgmy @ Mar 18 2024, 09:19 AM) They don't anymore, at least not DBS, OCBC & UOB for me when I last asked. I could check again, not that I have a lot of free GBP laying about, but I do have quite a stash of USD that I don't quite know what to do with ... Thanks bro. See this pdf https://www.dbs.com.sg/iwov-resources/pdf/d...posit_guide.pdfAll sg banks got this PDF. Maybe need to do at HQ and normal branch. |
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BenChiew
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Mar 18 2024, 10:41 AM
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QUOTE(gandalfaaron @ Mar 15 2024, 03:55 PM) Hi Does any one know if there is any bank in Malaysia or Singapore that allows the opening of foreign currency fixed deposit by putting in the foreign currency via cash? I have some GBP and would like to put it into an FD cause converting back is not worth it considering I got it around 2015 when the rate was at its all time high, I think 1 GBP = 6.7 MYR, if not mistaken. Cause I search around and mostly it seems that you have to put it in home currency (SGD or MYR) then the bank will convert to the foreign currency you want. But is there any bank that allows you to bank in the actual currency? Any advice is appreciated. Thank you Your GBP could be the old design. It has to go back to the Bank of England and redeemed to the new design. |
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CommodoreAmiga
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Mar 18 2024, 05:05 PM
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Ambank:
Foreign Currency FD
3 months
π¦πΊ AUD: 4.30%p.a.
πΈπ¬ SGD: 3.80%p.a.
π¬π§ GBP: 5.10%p.a.
πΊπΈ USD: 5.40%p.a.
π³πΏ NZD: 5.35%p.a.
6 months:
π¦πΊ AUD: 4.30%p.a.
πΈπ¬ SGD: 3.60%p.a.
π¬π§ GBP: 5.10%p.a.
πΊπΈ USD: 5.20%p.a.
π³πΏ NZD: 5.25%p.a.
12 months:
π¦πΊ AUD: 4.30%p.a.
πΈπ¬ SGD: 3.50%p.a.
π¬π§ GBP: 4.90%p.a
πΊπΈ USD: 5.00%p.a.
π³πΏ NZD: 5.25%p.a.
Terms & Conditions
1. RM10k in CASA balance is COMPULSORY
2. Applicable for TD-i / FD > 10k (in respective currency value)
3. Applicable for AmSignature Priority Banking Client only
Offer validity:
18 Mar 2024 - 22 Mar 2024
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ryansxs
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Mar 26 2024, 09:23 PM
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anyone of you place FC FD in Maybank?
I've been told need minimum 5000USD equivalent to place FD.
I wanted to know once FD is matured, i need to do the placement again over the counter or i can do auto invest?
any idea? Thx
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leagueoflegend
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Apr 2 2024, 11:05 PM
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Getting Started
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Anyone putting USD in Alliance Bank as Fixed Deposit, i checked few banks so far Alliance seems offer higher rate
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ericlaiys
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Apr 2 2024, 11:08 PM
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QUOTE(leagueoflegend @ Apr 2 2024, 11:05 PM) Anyone putting USD in Alliance Bank as Fixed Deposit, i checked few banks so far Alliance seems offer higher rate still in USD account...5.2%. not yet put into FD |
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leagueoflegend
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Apr 2 2024, 11:18 PM
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Getting Started
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QUOTE(ericlaiys @ Apr 2 2024, 11:08 PM) still in USD account...5.2%. not yet put into FD I see, what i checked from their website, it is higher than 5.2% now https://www.alliancebank.com.my/Personal/Ba...t-Fixed-Depositjust curious, is there any reason you are not putting into FD? |
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ericlaiys
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Apr 2 2024, 11:22 PM
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QUOTE(leagueoflegend @ Apr 2 2024, 11:18 PM) I see, what i checked from their website, it is higher than 5.2% now https://www.alliancebank.com.my/Personal/Ba...t-Fixed-Depositjust curious, is there any reason you are not putting into FD? temporary park first(slowly accumulate)....min u need 2500 USD to put into FD |
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leagueoflegend
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Apr 2 2024, 11:37 PM
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Getting Started
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QUOTE(ericlaiys @ Apr 2 2024, 11:22 PM) temporary park first(slowly accumulate)....min u need 2500 USD to put into FD I see, did you found any bank higher offer higher FD interest rate % than Alliance Bank? OR so far its just Alliance Bank have the best rate?   |
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ericlaiys
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Apr 3 2024, 12:01 AM
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QUOTE(leagueoflegend @ Apr 2 2024, 11:37 PM) I see, did you found any bank higher offer higher FD interest rate % than Alliance Bank? OR so far its just Alliance Bank have the best rate? higher than HLB. did not explore others |
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Thasmita
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Apr 3 2024, 12:46 AM
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QUOTE(leagueoflegend @ Apr 2 2024, 11:37 PM) I see, did you found any bank higher offer higher FD interest rate % than Alliance Bank? OR so far its just Alliance Bank have the best rate? Whatβs the conversion rate |
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Mr Gray
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Apr 3 2024, 10:21 AM
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QUOTE(Thasmita @ Apr 3 2024, 12:46 AM) Whatβs the conversion rate Quite bad. Can't beat RHB MCA for sure. |
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leagueoflegend
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Apr 3 2024, 08:09 PM
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Getting Started
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QUOTE(Mr Gray @ Apr 3 2024, 10:21 AM) Quite bad. Can't beat RHB MCA for sure. QUOTE(Thasmita @ Apr 3 2024, 12:46 AM) Whatβs the conversion rate I just look at Foreign Currency Interest Rate....so far Alliance Bank is around 5.4% and above for USD https://www.alliancebank.com.my/Personal/Ba...t-Fixed-Deposit |
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frankliew
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Apr 3 2024, 08:52 PM
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But Alliance forex erate is suck. Usd 4.8415 vs rhb usd 4.7730 https://www.allianceonline.com.my/personal/..._view.do?view2=This post has been edited by frankliew: Apr 3 2024, 08:53 PM |
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Mr Gray
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Apr 4 2024, 12:52 AM
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QUOTE(leagueoflegend @ Apr 3 2024, 08:09 PM) I just look at Foreign Currency Interest Rate....so far Alliance Bank is around 5.4% and above for USD https://www.alliancebank.com.my/Personal/Ba...t-Fixed-DepositU have to look at conversion rate. Ie USDMYR for example. Alliance usdmyr rate is worse than RHB. So even if interest rate is slightly higher than RHB, in totality you're worse off with alliance |
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ericlaiys
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Apr 4 2024, 09:05 AM
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QUOTE(frankliew @ Apr 3 2024, 08:52 PM) But Alliance forex erate is suck. Usd 4.8415 vs rhb usd 4.7730 https://www.allianceonline.com.my/personal/..._view.do?view2=don't believe the rate mentioned there. I've compare hlb and alliance. also shock when see the rate that hlb is lower. however after conversion, realise that rate is not 4.7730 but add-on hidden fees. alliance is transparent. if 4.8415 , then it is same after convert. beware of hidden rate and those bank did not tell upfront but showed lower rate |
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dwRK
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Apr 4 2024, 10:28 AM
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guys... when you "invest" in currency... eventually need to also sell... therefore must look at round-trip, buy/sell spread for best comparison... on usd, rhb spread is 0.64%... alliance is 3.54% !!! des why long ago i kept "promoting" rhb when not many ppl here knows about it...  anyways back to alliance... they give you 5.65%pa... if put for 1 year you actually only get 2.11% net... but because alliance fd is higher than rhb... if you put long enough, returns from alliance will eventually exceeds rhb... my guesstimate maybe in 15-20 yrs  anyways... imho that is far too long, and too uncertain... |
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leagueoflegend
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Apr 4 2024, 04:15 PM
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Getting Started
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QUOTE(Mr Gray @ Apr 4 2024, 12:52 AM) U have to look at conversion rate. Ie USDMYR for example. Alliance usdmyr rate is worse than RHB. So even if interest rate is slightly higher than RHB, in totality you're worse off with alliance thanksssss for saving my ''life'' ! glad that i ask here....  |
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leagueoflegend
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Apr 4 2024, 04:17 PM
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Getting Started
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QUOTE(dwRK @ Apr 4 2024, 10:28 AM) guys... when you "invest" in currency... eventually need to also sell... therefore must look at round-trip, buy/sell spread for best comparison... on usd, rhb spread is 0.64%... alliance is 3.54% !!! des why long ago i kept "promoting" rhb when not many ppl here knows about it... anyways back to alliance... they give you 5.65%pa... if put for 1 year you actually only get 2.11% net... but because alliance fd is higher than rhb... if you put long enough, returns from alliance will eventually exceeds rhb... my guesstimate maybe in 15-20 yrs anyways... imho that is far too long, and too uncertain... Thank you so much on the info, never thought of this  hmm which RHB FD is good for USD? https://www.rhbgroup.com/treasury-rates/mul...card/index.html >> im looking at this but im not sure which column i should looking What is your advice of the tenure period if invest USD into RHB USD FD? |
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