lzydata of HWZ has updated the latest SGD FD rate promos (as of 1st July): https://forums.hardwarezone.com.sg/threads/...#post-148203783

https://www.citibank.com.sg/static/all-prom...filter=deposits

GBP FD now at 4.5% 1 month up to 5.5% 12months

Expect to be higher when BOE raise higher rate in next 2-3 months

which bank and how the spread

SG FD rates update from 联合早报: https://www.zaobao.com.sg/finance/singapore...bHMJic5Aqc8itaE

Any banks also will have the spread wide at least 2% which you will be losing end 🤦‍♀️ so no point unless if you have a native UK bank account to bank into not to mentioned conversion rates

that means if people willing to do this despite all the spread and bank commissions, that says alot on their future outlook of the country, this is basically like calling for short for the country

but yeah, the development of recent affairs really made me disappointed enough

i might join in the bandwagon of the fund outflow of the country

Just put in RHB MCA. The rate is super good. No stupid 2% extra spread. Better than Wise for sure.


[url=https://pictr.com/image/EwCmJc[/url]

Gbp call rate on rhb mca is now 4.7%

By the time you join it is too late already 🤦‍♀️ even when during Feb I did a big chunk shorting MYR a lot of crazies says that RM will strengthen but look who is having the last laugh now as RM5 is achievable with the Fed still hiking this year 👏

RHB Singapore cut SGD FD rates by some 10 basis points.

Now 3 month ->3%, 6-month and 12-month -> 3.4% (down from 3.5%).

https://rhbgroup.com.sg/rhb/personal/fixed-deposit-campaign

Source: vsvs24/HWZ

The Hong Kong Deposit Protection Board plans to raise bank deposit protection to HK$800,000 (US$102,560) per depositor from 2025.

BT reports: https://www.businesstimes.com.sg/internatio...protection-2025

SCMP reports: https://www.scmp.com/business/banking-finan...0-cent-us102560

香港明报 reports: https://finance.mingpao.com/fin/instantf/20...%84%84%e5%85%83

Maybank SGD FD 3.9% has T&C…. You need to set aside $1,000 into a savings account for every $10,000 you put in to enjoy the 3.9% for 12 months. The $1,000 earns the basic savings rate of 0.25% or some paltry figure like that….

I have opened an MCA at RHB now.
Previously I have already got an USD-account in another bank in Malaysia.

Last week I tried transferring some USD from this another bank into my MCA; it requires me to use SWIFT in this transfer.
The bank is charging a small amount for each outward TT; this I am clear.
But is the $25 fee chargeable by SWIFT and standard for all?

Just to be clear, when I make the above transfer, does the USD goes into exchange to MYR and then to USD in MCA again?

Thanks in advance.

I don't know RHB system works, nor have RHB MCA account, but last time did a AUD to AUD transfer from bank A to bank B due to better FD rate, it didn't need to be converted. Converted back and forth defy the purpose of transfer to chase better rate, as spread eat up a lot in conversion, the extra rate won't able to cover.

They did charge some admin fee like Rm30 as TT transfer fee.

you ask your bank about swift fees in this case... that one is black hole i cannot dig up much info in the past...

Hi all sifu, buy foreign FD income needs levy tax in Malaysia?

3 different charges, no currency conversion in this case.

Outward Foreign TT : charged by sending bank
Correspondent Bank fee : Zero to ~ USD40, depending on the 3rd party bank involved
Inward Foreign TT : charged by receiving bank (waived for RHB MCA)

I have transferred both USD and CAD from overseas into RHB MCA and it was deposited exactly as sent.
No conversion to MYR anywhere in between.

Any incoming TT fees charged by RHB (e.g. in RM)?

Inward FTT to RHB MCA is FOC, RM5 to Regular Saving/Current Accounts.

https://www.rhbgroup.com/others/service-charges/index.html

Flat fee of USD5 per transfer was charged/deducted.