How was the RHB Mca account vs HLB wallet MCA ? In term of fee , spread and charges ?

RHB gives better exchange rate. And got interest also

HLB Wallet exchange rate is quite bad. No interest

A bit disappointed that RHB MCA do not support online oversea transfer. Need to go to the branch to do it with a fee. I guess this is only viable for slowly converting and save up to a big sum before go to the branch to do transfer.

ICBC SG cut FD rates... https://singapore.icbc.com.cn/en/column/143...7468788838.html

Maybank SG "bundle" rate drops from 3.9 to 3.75%.

Source: lzydata/HWZ

Not entirely surprising, the writing was already on the wall, and today, the headline inflation figures in Singapore apparently trended down nearly 1 percentage point, and they are predicting the inflation rate to slow to 3% by year’s end from the 5% at present.

For overseas transfer, I think wise beats rhb hands down

HK FD updates by 香港明报: https://finance.mingpao.com/fin/daily/20230...%ab%af%e5%ae%a2

More FD updates for small-medium HK banks: https://finance.mingpao.com/fin/daily/20230...%ab4-2%e5%8e%98

This post has been edited by TOS: Aug 8 2023, 09:54 AM

Now a deposit war is brewing in HK.

ZA bank, the largest virtual bank just rolled out new FD promo for new customers. A 4.39% p.a. 3 month FD "coupon" will be issued to new ZA bank customers (on top of the 2.21% p.a. basic interest rate for a total of 6.6% p.a. 3 month FD).

Minimum deposit 10k HKD, maximum deposit 50k HKD.

https://finance.mingpao.com/fin/instantf/20...%8a%80%e5%82%b5

How coincidental! I just asked my sister to put in HKD200,000 at 4.3% - at NCB today! The previous FD was only at 3.9%.

This post has been edited by hksgmy: Aug 9 2023, 05:34 AM

CIMB SGD FD promo:



Source: https://www.cimb.com.sg/en/personal/banking...it-account.html

Bank of China, Singapore branch SGD FD promo:



Personal SGD Time Deposit Promotion Rates (20230814) | Bank of China @ Singapore

Source: lzydata/HWZ

Looks like CIMB SG 3.5% CASA promo is still the best for deposits < 6 months.

This post has been edited by TOS: Aug 14 2023, 11:54 PM

Airstar Hong Kong offers 6.88% p.a. promo deposit rates on first 50k HKD deposits for 30 days.

(New customer only).

Terms & conditions: https://www.airstarbank.com/pdf/Savings_Off...g2023)(Eng).pdf

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.

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.

This post has been edited by hksgmy: Aug 25 2023, 07:12 AM

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

Ah sorry, typed too fast. Yes, TFN.

Another option : You can open an NABTRADE acct easily with your primary and secondary documents, or ask for help from your relationship mgr. The High Interest Acct (HIA) gives-out 4.25% today, and it pays out monthly on the last business day of the month.

Is that in the NZD ?

I used my children's details,... used to be able to use both children's,... but one is soon moving from Melbourne to Vancouver,... so I can use the boy's one only. But no matter,.. Canada's FD is not too bad,...

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%