Wef 9 Jun, ICBC dropped their 3mth SGD FD rates from 3.55% to 3.5% using eBanking. Min amt 0.5K.

Source: ckman3/HWZ

HKD FD promo updates by 香港明报: https://finance.mingpao.com/fin/daily/20230...%ad%96%e7%95%a5

https://finance.mingpao.com/fin/daily/20230...%81%af%e6%88%b0

This post has been edited by TOS: Jun 24 2023, 10:41 AM

BOC Singapore 1-month and 24-month FD rates revised: https://www.bankofchina.com/sg/bocinfo/bi3/...6_23274982.html

Source: bargin/HWZ

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

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

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

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

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

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

Jurong East Wealth - Fixed Deposit Bundle Promotion

https://www.rhbgroup.com.sg/rhb/personal/pr...s/jurongopening

Source: lzydata/HWZ

The address is

131 Jurong Gateway Rd
#01-257
S600131

which is opposite the Jurong CPF Building, and they took over HSBC which previously occupied the same address.

This post has been edited by TOS: Aug 29 2023, 02:06 PM

Hong Leong Finance FD promo:

Deposit Amount	5-Month	8-Month
S$20,000 to < S$50,000	2.95%	3.00%
S$50,000 and above	3.00%	3.05%

Published rates are as of 6 September 2023.

https://www.hlf.com.sg/personal/promotions/...pore.php#promo1

Cut 0.05% pa.

Source: lzydata/HWZ

Why not you just park your money in a money market fund/ETF of your brokerage account directly?

E.g. BIL ETF via IBKR.

No, IBKR is not available directly in Malaysia. I mean that since your eventual destination is one of the international brokerages like IBKR etc., might as well directly park funds in there right now.

When opportunity arises, you can sell your BIL ETF holdings, and in T+1 or T+2 (for cash account, instantly for margin account) your money is ready to purchase any of the US shares etc. Life would be easier, no?

About 5% p.a, similar to current risk-free rate.

The most popular and liquid one is BIL ETF (ticker symbol is BIL) and that is the one I am holding.

https://www.ssga.com/us/en/intermediary/etf...-t-bill-etf-bil

That said, BIL ETF's distribution is subject to 30% dividend/distribution WHT (which, depending on your broker, will be refunded close to end of year), so majority of my USD sits in uninsured FD with DBS Singapore, rates are about 5% as well, not too far off: https://www.dbs.com.sg/personal/rates-onlin...d-deposits.page

If your purchase amount is large, can also consider buying short-term US T-bills directly from say, IBKR (commission is 5 USD minimum, so you will need a large purchase amount to justify the fees).

https://www.interactivebrokers.com/en/prici...nds.php?re=amer

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



Source: AlvinDj/HWZ

This post has been edited by TOS: Sep 15 2023, 02:35 PM

No, GXS will match the interest paid, effectively doubling the rate to 5.36% p.a. for those under 40k SGD.

But for selected users only, I think it's by invitation.