OCBC "restarted" offering CPF OA FD for a few weeks, then stopped again... quietly stopped some more...

https://forums.hardwarezone.com.sg/threads/...#post-147413868

Really chinaman bank style...

I also wish to contribute. These are the rates for 12 months I'm enjoying with NAB & HSBC Premier in Australia:

NAB Term Deposit Rates

HSBC Premier Term Deposit Rates

However, you'll need a TFN and there may be residential requirements to qualify.

Edited for typo.

Indian banks are offering 8.6% for FDs now.
Meanwhile Vietnamese banks have dipped below 7%.
New Zealand banks offering above 6%.

Lots of choices.

Not ATO 🤦‍♀️ you just need TFN and proof of residential will do

Where got 6% for NZD major banks 🤦‍♀️ only credit Union and regional banks
BNZ and ANZ offering slightly below 6% but you can negotiate for 18 months at above 6%

Sigh. I'm trying to offload my NZD holdings. I have a stash of them, recurring proceeds from some investment properties I bought, which the IRD ends up taking nearly half the bloody lot anyway. Not particularly impressed with NZ's economy to be honest.

Actually, your friend's one of many that got burned by the unexpected weakness of the Kiwi dollar. I'm still holding on to a minor paper loss on the NZD holdings - and the original euphoria of China being the biggest buyer of anything dairy related from NZ has faded away to a more balanced scenario - which means I don't really see the NZD flipping back up anytime soon. Ah well, at least it'll pay for a good vacation in Queenstown every once in a while.

GSX Digital Bank has new promo capped at 40k SGD:



Source: AlvinDj/HWZ

bro TOS likes to post "forbidden fruits"... 99.999% ppl here can see cannot touch... 

The key to open GXS account is SingPass.

So as long as you are eligible for SingPass then you should be fine. In theory, student pass and work passes are also eligible for SingPass, but their account will be deactivated once the pass(es) expire, which is why I generally recommend Sporean or Spore PR to use SingPass only...

As for your case, Hansel I am pretty sure you are at least a Spore PR, so you should have no issue with GXS.

only reason to buy bil etfs is you wanna take a break from trading/investing, or you have excess usd cash in broker account...

if sole purpose is just to hold usd... then rhb mca is superior for now imho...

1. cheaper/easier myr to usd, and back
2. better interest rates
3. interest amount easily reinvested/compounded
4. but mca debit card has 20 annual fee, since i pay 12 for normal debit card, incremental cost is just 8

if buy bil...

1. 30% of div is 'stuck' for 6 months effective as wht
2. very high relative cost of reinvesting remaining 70% div into bil
3. estate tax if applicable, or other probate fees

bro TOS' pet peeve of only pidm 250k ringgit protection and not getting back usd in case rhb collapse and gov unable to arrange bail out... i'd say split to many joint accounts at least get back snapshot value, but really by that time, malaysia really gg, no local deposit is safe... so is valid point but rather moot...

Thanks. Yeah, I suspected net fees was 3.6% but wanted confirmation. Yes, I have Stashaway Singapore. Opened it with passport.

3.5%...That is a fake number. I have tested for 2 months. IRR is no higher than 2.7% p.a.

They delay the "bonus" interest by 20 days, effectively halving the interest rate. The bonus interest just sits for 20 days and do nothing, yet you can't get it on the end of the previous month. They lock your money for 20 days and pay you nothing.

Don't be fooled by the bankers.

If that's what you want. But it can go up and down depending on the environment once the lock-in period is over.  Best to spread over different periods like some in 1 month, 1 year.... 1 year interest is 3.5% though fyi

Nope. I have 0 SGD in September.

I verified it in Excel, if I change the bonus interest crediting date to the end of previous month, then the IRR will be 3.5%. You can trust me on this.

Yes, the good thing is this is a floating deposit, but a 1% liquidity premium... is really putting off... lol

Ok lah depends on your purpose too... for your case maybe it is fine.

Welcome. The more people open SA Sg, the merrier
Oh,you can choose not to lock, but don't know what's the interest will be. Maybe you can try with small amount and see how.

Welcome. I put some money in FSM Singapore money market. The rate avg 3.2%+ for SGD. Can withdraw anytime but not sure how long it takes b4 it reaches one's bank account. Rate not great but I don't like to put all my eggs in 1 basket even if its higher rates (too many scams and with the advent of AI even more scary). I place safety over greed anytime.

I am impressed by your mental accounting...

Looks like CIMB SG has successfully fooled so many clients...

There is only one rate... 2.7% p.a. It does not matter whether they credit you 20 days later... The cash flow as a whole needs to be considered...

You need to drop the 3.5% idea completely even if you don't earn interest on interest.

When we compare across different products, we use the same compounding frequency when we quote the figures. It does not matter whether you reinvest the interest eventually or not... The convention has to be the same, otherwise it will not be a fair comparison.