Anyone putting USD in Alliance Bank as Fixed Deposit, i checked few banks so far Alliance seems offer higher rate
Anyone know about foreign FD?
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 Apr 2 2024, 11:05 PM
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Apr 2 2024, 11:18 PM
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#2
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QUOTE(ericlaiys @ Apr 2 2024, 11:08 PM) still in USD account...5.2%. not yet put into FD I see, what i checked from their website, it is higher than 5.2% now https://www.alliancebank.com.my/Personal/Ba...t-Fixed-Deposit just curious, is there any reason you are not putting into FD? leagueoflegend liked this post
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Apr 2 2024, 11:37 PM
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QUOTE(ericlaiys @ Apr 2 2024, 11:22 PM) temporary park first(slowly accumulate)....min u need 2500 USD to put into FD I see, did you found any bank higher offer higher FD interest rate % than Alliance Bank? OR so far its just Alliance Bank have the best rate?   |
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Apr 3 2024, 08:09 PM
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QUOTE(Mr Gray @ Apr 3 2024, 10:21 AM) Quite bad. Can't beat RHB MCA for sure. QUOTE(Thasmita @ Apr 3 2024, 12:46 AM) What’s the conversion rate I just look at Foreign Currency Interest Rate....so far Alliance Bank is around 5.4% and above for USD https://www.alliancebank.com.my/Personal/Ba...t-Fixed-Deposit |
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Apr 4 2024, 04:15 PM
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QUOTE(Mr Gray @ Apr 4 2024, 12:52 AM) U have to look at conversion rate. Ie USDMYR for example. thanksssss for saving my ''life'' ! glad that i ask here.... Alliance usdmyr rate is worse than RHB. So even if interest rate is slightly higher than RHB, in totality you're worse off with alliance  |
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Apr 4 2024, 04:17 PM
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QUOTE(dwRK @ Apr 4 2024, 10:28 AM) guys... when you "invest" in currency... eventually need to also sell... therefore must look at round-trip, buy/sell spread for best comparison... Thank you so much on the info, never thought of this on usd, rhb spread is 0.64%... alliance is 3.54% !!! des why long ago i kept "promoting" rhb when not many ppl here knows about it...  anyways back to alliance... they give you 5.65%pa... if put for 1 year you actually only get 2.11% net... but because alliance fd is higher than rhb... if you put long enough, returns from alliance will eventually exceeds rhb... my guesstimate maybe in 15-20 yrs  anyways... imho that is far too long, and too uncertain...  hmm which RHB FD is good for USD? https://www.rhbgroup.com/treasury-rates/mul...card/index.html >> im looking at this but im not sure which column i should looking What is your advice of the tenure period if invest USD into RHB USD FD? |
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Apr 17 2024, 01:20 PM
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