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 Anyone know about foreign FD?

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kobe8byrant
post Aug 27 2011, 08:54 AM

I'm too old for this stuff
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All Stars
12,275 posts

Joined: Dec 2005
From: KL


QUOTE(solstice818 @ Jun 19 2011, 03:11 PM)
Relatively new in this. Want to ask few questions.

1.What's the minimum amount needed to be deposited? I see PBE put up 10k while, on sites like UOB and CIMB, there isn't any specific amount mentioned.

2. Which bank offers the better rate on NZD and AUD?

3.If I put the FD for one month, will it safer than if I put it for a year long?
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1. 10K of that foreign currency (IINM)

2. AUD atm

3. Park that money there and don't withdraw no matter what lor. I rather put in foreign currency FD than in unit trust let the agent earn.

 

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