Currently parking monthly FD, +/- 3% P.A not too bad...

This post has been edited by MystiqueLife: Nov 22 2022, 11:38 PM

I don't lose any conversion rates through banks. It's direct placement and transferable to Wise for conversion back to MYR if required. Also, waiting for final FOMC rates hike for 4.75% 12 months later on.

Can, otherwise it makes no sense to have USD account via JPMorgan from Wise. I've tried it, no problems. I don't use Wise to hold currency anymore as there is a bank card that allows me to hold unlimited foreign funds and acts like Wise.

Sorry, I meant bank account with debit card like Wise

I am not using MY bank in particular. It is not restricted, exactly like Wise; without receiving fees/transfer fees and unlimited funds and able to transfer everywhere.

And hungarian forint is 15.86%

Err, I can park forint FD for a year from MY. Not sure those hyper inflation countries able to do it or not

Hmmm, polish zolty is not bad also at 7.61% but czech not supported.

I thought it is the other way round, with incoming easy but outgoing troublesome as hell

I mean, incoming FCA is fairly simple but outgoing is shit and need to be forced into MYR before it can be processed in local MCA accounts.

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