3.7% is referring to CIMB MY interest?

he said SGD. i believe it's true also as StashAway SG has similar rate

I was just trying to install StashAway SG but it seems to open up my MY account since it's the same app. Not possible to have both?

Edited: Just saw post 964 has partial answer (need to switch the region) but how about the ability to have both MY and SG account being active at the same time since i need to switch the region?

This post has been edited by silverwave: Feb 20 2024, 05:11 PM

log out, then in login screen, you have option to switch region. then login with the credentials of the other country.

i still have both MY + SG. but MY SA has RM0.00 for months already

some local bank FD matured in march...
sad to see the current local bank FD rate

i am new to Foreign FD thread...
what are the cons about placing Foreign FD?
the points to think of before doing so?

Anyone knows if foreign FD is taxable or is it exempted like our local FD?

exempted. foreign derieved income

Can we use WISE to open a Singapore bank acc?

Afterburner1.0 open CIMB sg account. link to your CIMB MY, send S$1 from CIMB my to CIMB sg, send S$1k via Wise

then wait for CIMB sg to approve

can refer to ziet's video as guide https://youtu.be/mXjaob63K2w

This post has been edited by Medufsaid: Feb 27 2024, 11:06 AM

If i am not wrong, currently exempted...future, don't know. Now service aircond also need to pay 8% tax already.

Probably the following:
1. Do i need this cash for emergency? If yes, then don't.
2. How easy is it to transfer money to SG Bank and back(eventually one day, you might want to transfer some back).
3. Will i be taxed when i taking the money back?
4. What is the exchange rate spread going there and coming back?
5. Need to know all the HOWs to do it as well. The exact method to do it.
6. If sum too large, might trigger BNM. Do you need to move in smaller batch amount?


These are some of the things you probably need to think of.

==Misc==
Planning to send some SGD soon. Just checked CIMB rates here.

CIMB Transfer RM to SGD Live rates
It seems to be better than WISE. But not sure if the figure in this CIMB page is final rates.

This post has been edited by CommodoreAmiga: Feb 27 2024, 12:28 PM

this is sgd to rm. Not the other way around

Cimb sg->my is the best rate of all during office hours

Oops...haha. You're right, my mistake. Later i go check CIMB MY website.

best MYRSGD rates

< RM3k	use DuitNow Overseas Transfer (not available for CIMB SG)
above	use MoneyMatch

No need.

Please don't link that thief link here. He takes info from here and didn't give credit and make it like his own research.

yup... every new idea and lubang we post here he make video next day... get all the clicks...

What? Who the hell is this? I didn't click, scare virus.

USDT Binance first 500USD 30%, after that 20% fuyo

Ziet. The Malaysian youtuber.

This post has been edited by Ramjade: Feb 29 2024, 02:04 PM