Currently best RHB 3.6% for 6/12 mths

CommodoreAmiga

I have Malaysia Stashaway simple previously. So do you use a different Stashaway app for Singapore to do this? Is there any max limit for this?

just need to switch region to singapore and register all over again (with your passport). give them your malaysian statements (bank accts, utility bill etc) as proof of malaysian residence

you'll need to get yourself a sg bank account separately also, which you probably already have by now

Thanks. Stashaway Simple Guaranteed is like KDI Save right? Not investment like Stashaway Simple?

kdi save is still considered investment



Stashaway simple guaranteed is SA investing in FD on your behalf



This post has been edited by Medufsaid: Nov 13 2023, 09:43 AM

BOC SG 3 month 3.50% Minimum 5000 SGD

https://www.bankofchina.com/sg/bocinfo/bi3/...0_24088022.html

Source: bargin/HWZ

BOC SG's latest FD rates: https://www.bankofchina.com/sg/bocinfo/bi3/...2_24463149.html

Good news! The minimum mobile banking FD placement is no longer 5000 SGD but just 500 SGD only.

Source: lzydata and MastersIT/HWZ

Syfe Guaranteed 3 month 4% is probably the most attractive package out there now. The declining 3 month MAS Bill risk-free rate means that you are increasingly being compensated for betting that Syfe won't go belly up in the next 3 months...

Looking at yesterday's 12-week MAS bill COY of 3.95%, the counterparty risk premium is around 0.05% p.a.

Is that attractive for you guys?

If I don't get the 6M T-bill auctioned tomorrow, I will probably start to take bets on Syfe's financial health in the next 3 months...

What is the best conversion rate u guys get for sgd? Mine offered at 3.5875

This post has been edited by mavistan89: Feb 14 2024, 09:46 AM

DuitNow Overseas transfer (limited to RM3k daily, only to OCBC/MBB sg)	MoneyMatch (max RM30k daily)	Wise (20k)

This post has been edited by Medufsaid: Feb 14 2024, 10:08 AM

3.58 for SGD to MYR ?

Myr to sgd, for bank tt. It would seem moneymatch is a better option.

This post has been edited by mavistan89: Feb 19 2024, 12:07 AM

I think,... your rate is for changing MYR into SGD, becos the best rate I have been getting for changing SGD to MYR is the last few weeks was 3.54++, and this rate was from CIMB Singapore...

Again,... I'll emphasize here : your rate of 3.58 is for changing MYR into SGD. Not SGD into MYR. Pls cfm, Mavis,....

See wrongly. Yes for myr to sgd. Yours 3.54 is sgd to myr.

Do we need to pay tax for interest earned on foreign currency FD with Malaysian banks?

Thank you, Mavis,... I was really surprised with your earlier rate. Apologies for chasing so rapidly !

Kenon,... no need to pay tax for your statement. But if you keep in foreign banks, and you remit the interest back to Msia, then there are plans by LHDN to apply tax. This is said to start in another two years' time. But things can chg,... it is not so easy to implement this.

Hi, i am thinking of moving some money to SG and keeping it in FD. I have a CIMB SG account but is it better to keep in stashaway SG (or Versa) or CIMB SG?

I'm also looking to open a US bank account for the same reason. I only have IBKR and eTrade accounts. What's my best option for US account?

The plan is to save some amount monthly and when it's enough, i will put it under FD.

This post has been edited by silverwave: Feb 20 2024, 11:42 AM

Thanks Hansel.

But the FD foreign currency accounts that I want to open are with banks in Malaysia eg CIMB, RHB. No need to pay tax on interest?

For SGD FD, CIMB Malaysia interest rate is 3.7% for 2, 3 or 4 months. CMB SG 3.55% for 6 months