Hey everyone,

I’m a 29-year-old working two jobs:
1. Primary job (finance sector, non-banking) – Working for a Singaporean company, earning RM14,000/month, deposited into my Malaysian bank account.
2. Side job (crypto industry) – Earning ~USD 4,000/month, paid in cryptocurrency.

Current financial position:
- Total cash savings & investments: ~RM600,000
- RM100,000 in Bank 1
- RM300,000 in Bank 2
- RM300,000 in a non-bank brokerage account (held as cash)
- Debt-free: No student loans, no mortgage, no car loan.
- Assets: No property, no car (only a motorcycle).

Goal: Optimizing capital management & investments

I’m looking for an ideal banking or financial setup that provides:
1. High-yield savings account – Ideally with an interest rate above 2% p.a.
2. Seamless international brokerage access – Preferably through an integrated banking-brokerage platform (US, Canada, Hong Kong markets).
3. High transaction limits & easy transfers – Ability to move large amounts (hundreds of thousands) without excessive red tape or physical branch visits.

Challenges faced:
- Malaysian banks seem to have strict transaction limits or require in-person verification for large transfers.
- HSBC and other major banks don’t seem to offer a fully integrated solution meeting all my needs.

Seeking advice on:
1. Which banks or financial institutions in Malaysia cater to high-income individuals needing flexible capital management and international investment access?
2. Alternative strategies for managing and deploying funds efficiently.
3. Personal experiences with similar setups.

My priority is convenience and efficiency—I want seamless transactions and direct access to international markets without unnecessary friction. Would appreciate any insights or recommendations!

Thanks in advance!

So rich 30k malaysia ringgit so good

A bit surprised that you mentioned HSBC not offering "a fully integrated solution meeting all my needs". What is fully integrated solution? u want actual private banking services used by UHNWI?

If it was just the 3 things you mentioned, just enquire the main banks here of their premier banking services for the 1 and 3.
For 2, maybank or cimb brokerage accounts should work fine if you don't care about the costs.

For actual private banking level services, u can check out Maybank Private banking or CIMB private banking... (I am sure there are others too).

I find it best not to rely on one institution for their so called "fully integrated solution" for best result, and affordable costing. Usually convenience come with extra cost.

Why TS open new account?

Don't dare to use your existing account ah?

Don't believe your story because you don't dare to use your account.

Frankly speaking, am amused with your introductory background and followed by the 3 questions.

Have you not approach the local private banking desk?

This post has been edited by jojolicia: Mar 15 2025, 11:26 PM

Me either. If someone earns crypto knowing how much interest he can make.. Can earn so much, then come here ask 2% interest

I also like when people earn sgd then come convert and brag here. As if no tax, no need to pay rent, no need to eat. Unless he's working from Malaysia then ok. But I dunno.

Also total saving is 600k. No debt. But add up the 3 it's 700k. People who are number sensitive won't make this mistake.

Then what does he want with large number of tx. Not friendly but still want to keep it here. Keep in Singapore bank better.

I'm amused too.

Getting dumb takes and responses.
Closing this topic unfortunately.