Can’t do anything because it is institutional failure since back in the 90s 🤦‍♀️ and yet they still practice when the world has change a lot in the past 30 years

Why quote something so old back in 15 years ago 🤦‍♀️ when things were positive back then unlike the present

Yeah. Find they getting more restrictive.

dunno... better today may not be so tomorrow... ya go branch to open

must get mca debit card ya rm 20 per yr to enjoy low fx rate right columns, no other fees... https://www.rhbgroup.com/treasury-rates/mul...card/index.html

interest rates... https://www.rhbgroup.com/treasury-rates/mul...osit/index.html

can also buy paper gold n silver with this account...

Has anyone tried this?

https://www.stashaway.sg/simple-guaranteed

1 month 3.8% looks tempting... Makes you wonder which MAS bank is partnering with Stashaway lol

Stashaway earns a spread from the bank as well. Which means, the MAS bank is paying them around 4%, not too far from a 4-week MAS bill.

This post has been edited by TOS: Oct 19 2023, 11:27 AM

looks like need SingPass

lol you are right. Can see cannot touch...

TOS Is the 3.8% net of Stashaway's fees?
BTW, couldn't find the post which says can only open Stashaway Singapore with Singpass. FYI, can open without Singpass

No need singpass. Can use passport. Other day I just login and next day that asked for my passport. I look just to check and see if I got any money left inside there (planning to move all loose change to moomoo). Told them want to cancel acocunt.

Not net fees. Net fees around 3.5-3.6%?

This post has been edited by Ramjade: Oct 23 2023, 08:07 PM

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

Oh no need SingPass. Great then. Finally a good place to park my SGD for short-term.

You got singpass just go with moomoo. Moomoo mmf is better than stashaway.

I don't use SingPass unless I am PR or Sporean.

I am looking at liquidity as well. When it matures, I think SA "guaranteed" (this marketing term is very misleading... if you know what I mean) can be withdrawn 1 day earlier than Fullerton's Cash fund.

https://www.stashaway.sg/help-center/176472...mple-guaranteed

Just took a look again and its really 3.8% as no fees and they say the rate we see is the rate we get.
So its good

https://www.stashaway.sg/simple-guaranteed

There is another one : CIMB SG. Total FD of 3.5% pa, no lock-in, daily-accrual, but the comparison is vs your September month-end balance. Paid-out on every month-end and on 20th of the mth,......

So, we just renew every mth for one-mth tenure at every renewal.

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

This post has been edited by abcn1n: Oct 23 2023, 10:48 PM

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.

Wow. Thanks for the heads up

I think your September month-end reference amt is too high. That's why you are earning a lesser 2% amount.

For myself, I have no intention to earn interest on the interest. I'll take out the interest to use, slowly load-up on shares.

The advanatge here is - you can take out the funds anytime you wished. There is no lock-in at all.

thanks for the fact checking... just opened SA sg too...