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

thanks. in the end i went with Moomoo as they gave me a free 30-day 5% yield coupon (meaning whatever funds i subscribed to will enjoy an extra 5% p.a. yield for a month, and if my fund gave a 4% p.a. yield for the next month, my total return would be 9%. sounds like a lot but actually the it's just a few dollars...

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

At 2.68% 🤦‍♀️ with no govt protection while SG banks are giving better rate at 3*%

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.

Yes if you’re if you are invited to their Beta testing 🤦‍♀️ but no DIS protection bear in mind

good rate. hope for the same in Malaysia!

General statement here : But Malaysians can't open account with their digital banks.

Folks

As you all referring to foreign FD, you all referring to those multi currency account fit?

I'm using HSBC EGA everyday global account, I can do FD as well with good %. Uk GBP is like 5+% now.

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

Maybe he has a way… let’s wait for his input, bro…

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.

Thank you, Singpass in the answer,... hoped you are right.

It might not last after Nov seeing Grab shutter of Earn and AutoInvest 🤦‍♀️ unless they are able to scale up to 100k signups

https://www.businesstimes.com.sg/startups-t...st-and-earn?amp

Someone shared this on HWZ: https://forums.hardwarezone.com.sg/threads/...#post-149640787

3.95% for 21 months. https://www.aupe.org.sg/acc/news/newget-up-...-fixed-deposit/

https://www.uob.com.sg/personal/save/fixed-...ed-deposit.page

Source: lzydata/HWZ

TOS How's the exchange rate to put into DBS USD FD?(ie: SGD convert to USD) Is it better than RHB multicurrency FD forex rate? Was trying to deposit online into DBS USD FD previously, but DBS could not tell me the exact forex rate to convert SGD into USD. So ended putting it in RHB


The 3.95% is for members (co-operative) from what I read in the forum

This post has been edited by abcn1n: Oct 13 2023, 07:09 PM

1. Regarding DBS SG's USD FD.

I convert to USD in IBKR, then TT the money out to DBS USD FD account straightaway. 10 USD fee charged by correspondent bank JP Morgan.

Don't convert directly from SGD to USD via DBS. Their FX markup is about 2% (against interbank rates), last I check. Use other fintech to convert to USD or convert within IBKR.

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2. Yea, it's for co-operative members only.

hmmm... not sure ibkr usd to rhb mca got correspondent fee or not...

Wah. You very creative. Thanks for the answer.


Are you sure can do that? I would have assumed that it would be like normal bank tt transfer for IBKR to RHB which means lousy rates