ICBC SG cut FD rates... https://singapore.icbc.com.cn/en/column/143...7468788838.html

Maybank SG "bundle" rate drops from 3.9 to 3.75%.

Source: lzydata/HWZ

Now a deposit war is brewing in HK.

ZA bank, the largest virtual bank just rolled out new FD promo for new customers. A 4.39% p.a. 3 month FD "coupon" will be issued to new ZA bank customers (on top of the 2.21% p.a. basic interest rate for a total of 6.6% p.a. 3 month FD).

Minimum deposit 10k HKD, maximum deposit 50k HKD.

https://finance.mingpao.com/fin/instantf/20...%8a%80%e5%82%b5

Not ATO 🤦‍♀️ you just need TFN and proof of residential will do

Thank you,... hmm,... not too confident of holding the NZD, tho'....

Same sentiment here, bro.. abt the NZD...

just to share : When I first started investing in pre-2010, I remembered I earned up to 9+% for NZD FD. But when the tide turned, the NZD fell badly. I 'lost a friend' because I told him that my NZD was earning 9+% and this made him converted most of his funds into the NZD, just to park inside NZD FDs. He converted at a high rate.

When the tide turned, the NZD weakened badly, and he lost badly in terms of exchange rate.

Appreciated your sharing.

Singapore accept GBP cash deposit. But not sure if they can open GBP FD. Also if you deposit GBP cash in Singapore I think they take 1-2%cut?

As far as I know DBS, OCBC, UOB accept. But they charge you an arm and a leg for it. Around 1-2%. Last time DBS accept for free. That was years ago. You need to have a multicurrency account or a foreign currency account before they can take your cash.

You are better off brining your cash to place like arcade to change for SGD then use banks to deposit. Unless somehow you can call your RM and ask them waive the fees for you.

Warm reminder:

From this month onwards (April 2024), insurance coverage on SGD bank deposits will be raised to $100,000 per depositor.