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

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/

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.

----------------------------

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

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

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.

----------------------------

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

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

rhb mca usd deposit no fees no fx... question is ibkr's bank tt usd to rhb mca, does it go through correspondent bank...

if one can buy BIL etf already, is there any advantages to go for RHB MCA USD 5% interest?

the issue of 250k pidm protection on foreign currency is this... if say you have 250k ringgit equivalent of usd before 'a crisis' and ringgit is significantly devaluated because of it... your usd can now be worth say 400k ringgit... but if rhb imploded and pidm steps in, you only get back 250k of 'worthless' depreciating ringgit and not your initial pot of usd worth 400k...

one might argue that he/she didn't max out 250k ringgit equivalent... say only 50k, or have split to multiple accounts, so fully protected, but you still lose out in value... because when the implosion happens, snapshot of your account includes exchange rate of say 7... it doesn't matter if current rate is 10... value of your account will be based on 7... hence you can never get back the original amount of usd with pidm money...

holding usd/fx offshore has its own problems...

Unlikely RHB would failed in the 1st place 🤦‍♀️ and if it ever happens EPF would be in a big trouble as well
Transferring money around and taxes being imposed with capital control restriction

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

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.

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%?

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

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

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,......

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.

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

Lock-in is not good for me.

Thank you, bro,... for the further help,...

Emm, what I meant to say was : even if my funds are 'locked-up' for 30days, I'm not too comfortable with it. This batch of funds that I have, are for the REITs. I got rid some portions of my REITs earlier, and am anxious to re-deploy these funds.

'Locked-up' funds are in parked in other places/instruments.

Prb could be a money mkt fund has risk towards your capital when you wished to access your capital.

Hence,.... why not the CIMB 'promo' ? It doesn't lock-up your funds, but ok,... TOS' point is good, for the bonus 2% interest, you need to wait for 20 days to be able to access your interest earned.

But you can access ALL your funds anytime without problems and pull-out immediately using SG's FAST transfer.

You will not have principal risk.

If you can withstand the '20-day delay thing', you will be able to earn 3.50% against your basic principal (not interest-on-interest), provided your balance at end-September was $0..

CIMB SG is a bank - protected by the SIDC.

You know, guys,... I feel really pathetic,... fighting and debating over a 3.50% or 2.70% interest rate today, when I used to be earning more than 6% in my REITs earlier.

Think I better spend more time speculating in forex or IPOs to make more capital gains-lar,....

Hi bro,...

I do forex programs with my private bank. One needs to qualify and join the bank first. Then,.. the RM 'might' select the client to participate.

His bank's traders are taking position against him and he still doesn't realize that.

They can do that,.. but I'm still highly in winning position. Read my previous posts, I'm still holding on to different tranches of the AUDJPY.